rumblebear
CAGiversary!
What are the cheapest way to buy stocks without those high additional fees many sites are charging? I heard some company allows you to buy their stocks directly but does anyone know how though online?
Cheapest way to buy stocks (of gaming companies)?
- Thread starter rumblebear
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gamefreak
CAGiversary!
Probably need a broker. You can get one online or in real life. Most of the time they charge a fee for buying stocks and/or part of the money you make when you sell them. I'm not aware of many companies that sell stock directly to people with Google being the only one off the top of my head (and they havn't even started selling to the public yet).
deathcabforcutie
CAGiversary!
yeah, theres tons of types of brokers.. if your wanting to buy with a low flat free, etrade is a good DIY broker, if your looking for a full service broker, contract a large firm and they will not only help you with the trading, but give you advice and stock reports, remember, full service brokers will be MUCH more expensive.
I use www.sharebuilder.com
It's great and i've used it for a long time.
I bought Midway at $4.15 and some more at $3.50...now it's up to around $11. I only had it for about a year.
It's great and i've used it for a long time.
I bought Midway at $4.15 and some more at $3.50...now it's up to around $11. I only had it for about a year.
rumblebear
CAGiversary!
[quote name='GameDude']I use www.sharebuilder.com
It's great and i've used it for a long time.
I bought Midway at $4.15 and some more at $3.50...now it's up to around $11. I only had it for about a year.[/quote]
they charge 4.00 per stock trade. Does that mean I would save more money from their service fees if I buy more shares of a specific company at once?
Also, how much do they get when you sell your shares?
It's great and i've used it for a long time.
I bought Midway at $4.15 and some more at $3.50...now it's up to around $11. I only had it for about a year.[/quote]
they charge 4.00 per stock trade. Does that mean I would save more money from their service fees if I buy more shares of a specific company at once?
Also, how much do they get when you sell your shares?
rumblebear
CAGiversary!
bump
You may be talking about a Direct Purchase Program, defined as:
"direct purchase program
A SEC-regulated program which enables a company to sell shares of stock directly to investors, rather than through a broker, enabling the investors to avoid paying a commission. Direct purchase programs are a good way to invest small amounts since you don't even have to be a current shareholder in order to purchase the shares. The company will not charge you a commission, but they may charge you a small fee in order to set up a stock purchase account. also called Direct Stock Purchase Plan (DSP)"
There are literally 100s of companies that have these plans and the rules for each one can be different as far as minimum investment, periodic investment, etc. My experience has been many blue chip companies ("value" stocks) make up most of those that have DSPs.
However, that is not always the case. XM Sattelite Radio would be a "growth" company that has a DSP. Find info on it here:
http://phx.corporate-ir.net/phoenix.zhtml?c=115922&p=irol-xmform
I'm not recommending XMR just pointing it out as a growth stock that has a DSP. The relevance is that many if not all of the publicly traded video gaming companies would be considered growth stocks.
I would suspect that if you can identify which ones are publicly traded (EA, Midway, Take Two, etc.) they will have an investor's inforamtion section on their web site. It is there you may find out if they have a DSP either through an FAQ or a dedicated page like XFM.
One thing to think about with DSPs is to know how to sell the stocks when you want to. If you are the holder, what access to the markest do you have to sell the stock when you 'd like? It may be a simple process or you may have to go through a broker, which would probably be simple but would cost you a fee of some sort for sure.
Hope that helps.
"direct purchase program
A SEC-regulated program which enables a company to sell shares of stock directly to investors, rather than through a broker, enabling the investors to avoid paying a commission. Direct purchase programs are a good way to invest small amounts since you don't even have to be a current shareholder in order to purchase the shares. The company will not charge you a commission, but they may charge you a small fee in order to set up a stock purchase account. also called Direct Stock Purchase Plan (DSP)"
There are literally 100s of companies that have these plans and the rules for each one can be different as far as minimum investment, periodic investment, etc. My experience has been many blue chip companies ("value" stocks) make up most of those that have DSPs.
However, that is not always the case. XM Sattelite Radio would be a "growth" company that has a DSP. Find info on it here:
http://phx.corporate-ir.net/phoenix.zhtml?c=115922&p=irol-xmform
I'm not recommending XMR just pointing it out as a growth stock that has a DSP. The relevance is that many if not all of the publicly traded video gaming companies would be considered growth stocks.
I would suspect that if you can identify which ones are publicly traded (EA, Midway, Take Two, etc.) they will have an investor's inforamtion section on their web site. It is there you may find out if they have a DSP either through an FAQ or a dedicated page like XFM.
One thing to think about with DSPs is to know how to sell the stocks when you want to. If you are the holder, what access to the markest do you have to sell the stock when you 'd like? It may be a simple process or you may have to go through a broker, which would probably be simple but would cost you a fee of some sort for sure.
Hope that helps.
[quote name='mingglf'][quote name='GameDude']I use www.sharebuilder.com
It's great and i've used it for a long time.
I bought Midway at $4.15 and some more at $3.50...now it's up to around $11. I only had it for about a year.[/quote]
they charge 4.00 per stock trade. Does that mean I would save more money from their service fees if I buy more shares of a specific company at once?
Also, how much do they get when you sell your shares?[/quote]
They don't have any service fees as long as you get your statements electronically. The $4 is flat out, so whether you buy $1,000 worth or $50, it's still $4. However, some stocks can't be bought through sharebuilder, such as Acclaim (AKLM).
It's great and i've used it for a long time.
I bought Midway at $4.15 and some more at $3.50...now it's up to around $11. I only had it for about a year.[/quote]
they charge 4.00 per stock trade. Does that mean I would save more money from their service fees if I buy more shares of a specific company at once?
Also, how much do they get when you sell your shares?[/quote]
They don't have any service fees as long as you get your statements electronically. The $4 is flat out, so whether you buy $1,000 worth or $50, it's still $4. However, some stocks can't be bought through sharebuilder, such as Acclaim (AKLM).
johnnyoski
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[quote name='GameDude']However, some stocks can't be bought through sharebuilder, such as Acclaim (AKLM).[/quote]
Then they are doing you a favor. Last time I looked that junk could be bought for 16 pennies a share!
Then they are doing you a favor. Last time I looked that junk could be bought for 16 pennies a share!
johnnyoski
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You're better off saving up a decent chunk and then opening an online brokerage account. I use Ameritrade and they charge $10/ transaction but you need to maintain a minimum balance of $2K to avoid the maintenance fees.
I say invest about $100 a month with Sharebuilder. I could probably hook you up with a referral link so that you can get like $25 once you fund the account.
For beginning investors, I don't find the "large sum" investments to be the best way to go. It's better to put your toe in the water before you jump in. Plus, as they do it gradually, it will become more second nature, and hopefully, they'll continue to do so.
PM me if you want that link.
For beginning investors, I don't find the "large sum" investments to be the best way to go. It's better to put your toe in the water before you jump in. Plus, as they do it gradually, it will become more second nature, and hopefully, they'll continue to do so.
PM me if you want that link.
johnnyoski
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I agree that its good experience to just test the waters with small transactions but how many shares of a quality company can you actually buy with $100?? If you are buying 2-4 shares of a worthwhile company every time you fund the account with another $100 your transaction fees are going to add up even more.
Investing in software companies is extremely risky right now and the only one I own is Microsoft and even that is not a guaranteed winner.
Investing in software companies is extremely risky right now and the only one I own is Microsoft and even that is not a guaranteed winner.
[quote name='johnnyoski']I agree that its good experience to just test the waters with small transactions but how many shares of a quality company can you actually buy with $100?? If you are buying 2-4 shares of a worthwhile company every time you fund the account with another $100 your transaction fees are going to add up even more.
Investing in software companies is extremely risky right now and the only one I own is Microsoft and even that is not a guaranteed winner.[/quote]
The transaction fee would only be 4% ($4 out of $100) and that's a small price to pay to get experience investing. And as the young investor gets older, they'll have a feel for the market and be able to make larger contributions.
Note: Sharebuilder charges about $16 to sell your stock, so unless you have a fair sum, it will be pretty deadly percentage wise.
Investing in software companies is extremely risky right now and the only one I own is Microsoft and even that is not a guaranteed winner.[/quote]
The transaction fee would only be 4% ($4 out of $100) and that's a small price to pay to get experience investing. And as the young investor gets older, they'll have a feel for the market and be able to make larger contributions.
Note: Sharebuilder charges about $16 to sell your stock, so unless you have a fair sum, it will be pretty deadly percentage wise.
bread's done