About No-Minimum Stock Trading Accounts

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When looking for no-minimum stock trading accounts, consider that many brokerages will allow a person to set up an account to buy and sell stocks for as little as $100. Find out why it's important to understand the fees involved with no-minimum stock trading accounts with help from a licensed financial planner in this free video on the stock market and investing.

Part of the Video Series: Stock Market
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Video Transcript

Hi, my name is Bill Rae. I'm with Alumni Financial Services. I've been in the business in the finance world for well over 20 years and today's topic is how to find or open a no minimum stock trading account. Well there are many brokerages out there that will allow you to setup an account to buy and sell stocks for as little as about 100 dollars. My advice to you when you're seeking them out is to take a look and make sure that you understand what the reoccurring fees are. As anything in any type of investing, you need to do your homework, you need to do a little research before you jump in. In today's environment, you need to be talking especially in the public with someone who is licensed and well informed. We highly advise that. There are many sources for this information. One of the best sources to start understanding the language of stocks and trading is to read the Wall Street Journal. When you shop around the Internet, be advised that there are many places out there that will offer you advice so long as you put your money in. However there are many good firms out there. Talk with them. Call, talk with stockbrokers. Ask them about their fees. Ask them how much it takes to open one up. Ask them how much you have to keep in. Make sure that you understand as in anything what contracts you're signing, what agreements you're signing, what you're required to put in, when you expect to get your money back and how you earn money on your money. That's my suggestion. My name is Bill Rae, I'm with Alumni Financial Services and as always, we're here to help you build wealth.


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