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Old 03-30-2008 | 07:50 PM
  #5  
Spooled
Gets Weekends Off
 
Joined: Dec 2007
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If you're buying ETFs and Stock you should wait until have you a large sum saved, then invest it. Depending on your brokers you're paying $10+ a trade.

That means you have to earn 2%, just to break even.

If you're going to invest small amounts of money (dollar cost averaging, the best way to do it in my opinion), I would suggest a low cost mutual fund. Most mutual funds have no transaction fees. Check with your broker, I bet they have an index fund that has an expense ratio of less than .5%.

As Rick said above. You shouldn't own stocks unless you spend a lot of time researching everyday.
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