Vanguard Brokerage/Money Market account

everafter07
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Vanguard Brokerage/Money Market account Sept 23, 2014 11:45:57 GMT -5

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Post by everafter07 on Sept 23, 2014 11:45:57 GMT -5

I'd like to set one up so that I can get my feet wet in the stock market on a very small scale. Can someone explain the very basics? Do I need to keep a certain amount in the account at all times? There are fees to buy/sell just like with mutual funds? Anything else I'm not thinking of?

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daisypaloma
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Vanguard Brokerage/Money Market account Sept 23, 2014 12:15:14 GMT -5 everafter07 likes this

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Post by daisypaloma on Sept 23, 2014 12:15:14 GMT -5

I have Fidelity, Merrill Lynch, and Vanguard. I'm not a fan of Vanguard's website. But they are definitely cheaper.

I originally started buying stocks for a few hundred dollars here and there, with the thought that I am okay with losing it if things go south. I would recommend you start that way.

Stock trading cost about $8+/-, once you get into mutual funds, then there's other expenses to think about.

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lys Full Member Posts: 4,201 Likes: 800	Vanguard Brokerage/Money Market account Sept 23, 2014 15:04:50 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by lys on Sept 23, 2014 15:04:50 GMT -5 Consider Index funds or Mutual Funds rather than individual stocks You can talk with their customer service and have all questions answered Will this be part of an IRA or just investing?
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sjh722 Senior Member Posts: 9,752 Likes: 7,533	Vanguard Brokerage/Money Market account Sept 23, 2014 15:11:57 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by sjh722 on Sept 23, 2014 15:11:57 GMT -5 Vanguard has minimum investments for all their funds on the website. If you call, their reps are super helpful and can get it all set for you.
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