How to make money using etrade

Get your financial house in order, learn how to better manage your money, and invest for your future. Here, please treat others with respect, stay on-topic, and avoid self-promotion. Come chat with us on IRC! How can I make the most of this?

I am a teacher and don't have terribly much disposable income. Any guidance is very much appreciated.

How Does ETRADE Make Money? – How Does It Make Money?

I agree with this sentiment. If you get double the average returns in the stock market via luck or extreme skill you could make You're in the "accumulating" phase of wealth rather than the "growing" phase.

You shouldn't trade with such a small amount of money because the fees will eat it up. Build investment accounts in a Roth IRA at Vanguard or equiv. Do you have an emergency fund with month's worth of expenses saved? If so, what are you doing in the way of retirement savings? As a teacher, you may be the beneficiary of a defined pension plan or at at least you'd likely have access to a b or b.

If all's squared away there, do you have any debts? If not, what are some long savings goals that you have?

ETRADE Review

If you have access to a defined pension plan this may not completely apply, but this could at least be used as a guide:. Buy an index and forget about it.

I have $ sitting in an etrade account. How can I make the most of this? : personalfinance

Might be worth a decent amount in 40 years. They DO have a few no-fee etf options provided by Wisdom Tree. Wisdom Tree Earnings fund. They manage it for you, and you don't have to worry about commission which eats away at returns. This way you can get a small payment every quarter or based on the companies dividend payout schedule.

Pretty solid idea, not going to argue with that. If only that was one of the free ETFs that they do offer on E-trade. True, and ETrade's commission free ETFs leave a bit to be desired. In OP's position, I'd probably just pull the money out of ETrade and regroup.

Why is investing in one company a terrible idea? I started out with direct investing by investing in 1 mutual fund and bought shares in one company I researched the heck out of.

Etrade to Make Money | Finances For Dummies

I currently am quite a bit of money which now I'll sell and invest in a few more. Doesn't seem so terrible if you spend time to do the research. Investing inonly one company forever though doesn't seem so smart.

Regardless of how much research you do on a single company's stock, investing in a single stock is akin to gambling. Yes, you may come out way ahead of the market at large or you could severely lag behind the market at large. In other words, it's a gamble whereas the market at large has a track record spanning over a hundred years.

While I personally haven't invested in a single stock in awhile, I do it on occasion, but I do that with money I wouldn't mind losing and is otherwise "fun" money. Ah absolutely in OPs case this wouldn't be a good idea. I, as you, used my "fun" money to invest in one stock. Wouldn't be surprised if this guy is a junk broker himself.

Throwing money into the stock market "to learn" is full retard. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. By signing up, you agree to our Terms and that you have read our Privacy Policy and Content Policy.

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I just convinced my grandparents Grandfather is a original NASA engineer suffering from Alzheimer's to give me power of attorney and to manage their estate.

I found out through a real estate friend their house is defaulted. I've never done this before and could use some tips as to direction. Forgot to remove myself from a school's waitlist, now owe the school money in order to drop.

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You won't be able to vote or comment. You can still be productive with it, though. If you have access to a defined pension plan this may not completely apply, but this could at least be used as a guide: Is there some type of yearly fee? Also I laughed when I read upside potential. Did you work for Stratton Oakmont? Posts are automatically archived after 6 months.