Where Can I Trade Stocks for Cheap?

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Trade stocks for cheap by searching the Internet for stock brokerage firms that offer cheap or free commission trades. Consider firms like Charles Schwab, White Pacific or TD Ameritrade for inexpensive investing with advice from a financial adviser in this free video on investing and money management.

Part of the Video Series: Investments & Money Management Tips
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Video Transcript

Do you like to buy and sell stock? Hi, this is Roger Groh, of Groh Asset Management. If you do, you may look at commissions, as a determining factor on where you're getting the best price, for the things that you're buying or selling. Today, through the internet, you can trade very inexpensively, or even for free, through any number of stock brokerage firms. If you trade for free though, remember, it's likely that they're making their money somewhere else, because after all, they need to be paid. Where will that happen? Maybe their money market rates are not as high, or maybe they don't give you as good of a price, in the stocks that they sell to you. They mark them up, and they make their commission blindly to you, but nonetheless get paid. Is that bad? Not necessarily. It's just you need to know it, and understand it, so that you understand what the full price is, for everything that you buy yourself. Names of firms, well, Charles Schwab, would be one. White Pacific might be another, and TD AMERITRADE might be a third. I'm not necessarily recommending any of the three, but if you go, and look at their policies, and what they charge, you can get a proxy for what trading costs. Hope that helps. I'm Roger Groh, of Groh Asset. Thank you very much for spending time with me.


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