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REALLY dumb question

Discussion in 'Money & Finance Forum' started by Big Mark, Sep 29, 2008.

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  1. Sep 30, 2008 at 11:59 AM #11
    chipshotx

    chipshotx Full Access Member

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    But he didn't ask about Mutual Funds or CD's :25:
     
    Last edited: Sep 30, 2008
  2. Sep 30, 2008 at 1:45 PM #12
    jazzbluescat

    jazzbluescat superstar...yo.

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    Goddam it, I get that. Mutual Funds are a package of various stocks. CDs are similar.
     
  3. Sep 30, 2008 at 2:07 PM #13
    chipshotx

    chipshotx Full Access Member

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    You buy a CD from whoever offers the best one. Many banks offer great CDs if you open a checking account since that's where they make the money but alot of people just put $10 in there and never use it.

    You can buy an individual stock or mutual fund through whoever you like. It doesn't make a difference other than the fee they charge for the transaction and requirements they have for opening an investment account.

    If I were just doing a few trades I'd likely pay more for the convenience of going through my bank or someone I already have a relationship with than hunt around for the cheapest fee. Others might think differently.
     
    Last edited: Sep 30, 2008
  4. Sep 30, 2008 at 7:51 PM #14
    49erpi

    49erpi Full Access Member

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    Just don't do it. Put that money to work somewhere else.
     
  5. Oct 1, 2008 at 8:12 AM #15
    jazzbluescat

    jazzbluescat superstar...yo.

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    I'm pretty sure I'm not allowed to sell my stock to you, if I wanted. You've got to go through a licensed broker, whether it be in the form of a bank or whatever. I take it that's understood when saying "You buy them(stocks) anywhere"(paraphrased)(?).
     
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