Quote:
Originally Posted by MoneyGuy
I'm a financial planner but I don't do this kind of stuff. Good luck (sincerely) buying stocks on your own. I've seen some people do well but I've seen most have it blow up on them. Guys make some money, get over confident and think they're pretty smart, and eventually they crash and burn. You might be different. But you didn't ask for this advice, so I'll tell you that the cheapest way I know of is to use a discount broker if you don't need advice, or don't feel you need advice.
Now I expect to hear from several people who say they buy stocks on their own and make money. I know how this works.
Now don't go taking big risks. And I really do mean the good luck part. I hope you do well.
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I hear what you're saying... mostly I'm thinking of blue-chip energy industry stuff, I bought some Encana a little while ago and its been doing ok (fluctuating around 60-61). I'm not really looking to double my money over night, just looking for some reasonable growth that has the potential to explode.
Any discount brokerage recommendations? Any idea on how much it would cost to say, buy $500 stock through them?