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Lowe's Companies Inc. Message Board

  • lowesman4e lowesman4e Feb 24, 2000 12:33 PM Flag

    a question from a beginner to

    those that have "played the game" for a while:
    If you trade on-line, who
    offers the best value? I searched and found that some
    companies charge $15, while others charge only $8
    (ameritrade). Is there a difference in value?
    Although I
    have owned stock for many years, I have never had to
    "go out" to buy it. It has always been purchased
    through payroll deductions. But, with Lowe's in the low
    40's, I feel like I'd be a fool not to pick up some
    extra from the open market. I feel like on-line trading
    would be best for me since I don't have lots of time to
    pick up the phone, or go visit an office.
    comments will be greatly appreciated....especially from
    the "elders" of this forum;smitty,nec,garytrent,

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I can't advise you about the on-line trading
      companies since I have yet to use one of them. When I
      retired from Lowe's my wife and I hired Merrill Lynch as
      our financial planner and through them have purchased
      HD, WMT, and BBY. Maybe you should check them all out
      and go with the one that is easy to use and doesn't
      charge alot. I am in for the long haul with all 4
      stocks. The ride back up is going to be a good one! Go

    • low cost. 9.99 per trade, no problems so far with it. Interesting to see how everyone feels about there online brokers.

    • I have been with scottsdale securities for a year and service has been great and you can talk to a real person during regular hours. trade $7.00, limit $12.00

    • Lowesman4e - On-line brokerage is the way to go
      but depending on what you are looking for I would
      recommend different brokers. I have had an account with
      E*Trade and they have a good web page and stock trades
      were fine. I had some problems with mutual funds and
      the service at E*Trade was bad. I waiting for service
      sereval times and did not feel that I was treated well.
      Trades are $15 per trade.

      I moved my account to
      Schwab and have been very pleased with the service. They
      know how to treat their customers! The trading cost is
      a bit higher $29.95 a trade but they offer a lot
      more services then the others. I also purchase stock
      through my company and Schwab can hold your stock for you
      in your Schwab account which makes selling it very
      easy. Schwab does have some higher account minimums but
      they are not much if you have even a small stock

      I think with some of the really low cost
      brokers there are some hidden charges for certificate
      processing, etc. so be careful to check out all the costs.

      I don't trade a bunch so it was worth it to me to
      get better service from Schwab and pay a bit more in
      transaction costs.

      I have heard other people complain
      about E*Trade and Ameratrade but I have never heard a
      comlaint about Schwab.

      Good luck in your search. I
      also think Lowe's is a good deal in the low $40's. I
      got in at $42 and from everything I have read it
      looks like a return to the $60's in the near term is

    • i've had an ameritrade acc. for 2 1/2 years works just fine money has been very secure .good kuck with your investing.

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