So I opened up a Sharebuilder IRA account. I already have an IRA with ING but I figured it would be kind of fun and educational to trade stocks. I used the portfolio advice tool to see what to make my first investment in. So I invested $50 into SPY. I know it was down today but hopefully the market will get over the increase in gas and go back up again. I'm sure it will though...it usually does. The site seems very user friendly and I really like the 'education' tab. Anyways, any advice on this whole trading thing would be greatly appreciated.
Dabble In Stocks
May 20th, 2008 at 05:48 pm
May 20th, 2008 at 07:05 pm 1211310341
May 21st, 2008 at 12:45 pm 1211373941
It's highly popular and user friendly, and lots of fellow Sharebuilders here can help you too.
Uh, SPY is technically an ETF based on the S&P500. Not a bad buy though! A very nice way to start out.
However, if you like ETFs in general, I would also shop around to see if you can find better deals elsewhere. Sharebuilder isn't bad at all though.
May 28th, 2008 at 11:28 am 1211974085