Pulling the trigger

Procrastination strikes again ... but this time it works in favor of my economic stimulus. I'm not procrastinating investing. Just cleaning the house. Not one of my favorite activities! Friends and family can attest.

I figure that if I pull the trigger on an online brokerage FIRST, I can gain work-free interest WHILE I dust, sweep and scrub next. I went back to my previous posts about the brokers I researched and also to the recesses of my memory.

TD Ameritrade stuck out.  Probably because it was so easy to sign up for the Suze Orman Save Yourself Account. An blurb in Newsweek listed this helpful link for finding the best online broker for me. Just answer 3 questions: 

1. 1. What's your total portfolio value? My $600 puts me well under $25K.
   
2. 2. How many trades will you make per quarter (I answered this a few different ways to see how it would affect the monthly costs ... the default 5, 10, 200.)
   
3. 3. How many average shares will you buy per trade? (This depends on stock price of course, but I figured 5-10.)
   

The numbers are in: Scottrade is for me. $7 per trade can't be beat. 

TIP: Double check the costs per trade and the costs per quarter. 

Now is the time for REAL action ... I hope to pull the trigger on a stock purchase by the next posting. Sphere: Related Content