Can someone ELI5 how to purchase stock?
More specifically, if I want to invest $2,000 in a penny stock... What are the fees(average) to place the investment. Does an online trade site like td ameritrade(the only site I know of, very little research) charge you one time when you deposit money in to the stock? A better way of asking the question is, how does the website make money off the investor. Do they use one-time fee to use their site? Do they make money if your investment does well?
If I place $2,000 using a website, and let it sit there for ... 2 years? will it be safe sitting there? Is it like Online Banking, where you get a secure login + pw to access your funds?
Say my investment in a penny stock went up and my 2,000 turned in to 10,000... Can I simply withdrawal my money in to my bank account or are there fees attached to my profit?
I will be doing more research but it's always nice to have specific questions answered that you are most curious about.
Regards
Submitted April 16, 2014 at 09:26PM by JhonnDough http://ift.tt/1l51RRs
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