Wednesday, March 09, 2005

Trading Stocks with No Commissions.

I forgot to include a very important detail about MMBPM - I pay no commissions! At least for the first 20 trades/month, (affiliated with Ameritrade) offers free trades. There are some restrictions, such as everything is done online. You cannot speak to a live person, only via e-mail. IRAs are not allowed. And you need to start with $5,000 via a brokerage transfer or bank wire. Still interested? More details can be found here.

It's great for me, because I can now trade small amounts of stock without have to worry about commissions eating into profits (or increasing losses).


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