you do realize that thats not really a problem?

etrade i believe is like 6$ a transaction.

you will be taxed (capital gains) when you sell a stock- unsure on how dividends are taxed, i do not believe they are until you sell if you have them automatically reinvested.

just look online @ their site.



if you had 10 stocks of the same company and you sell them all, it will be one transaction. Also, they consider buying and selling as two different transactions



werent there record profits in august?

This post was edited by cialda on Oct 10 2011 05:56pm

Etrade baby.

Actually its a good time. Buy while companies are struggling then when the economy boosts a little youll make nice money.

How exactly does the tax work? Do you file it on your report or do they take a % directly on profits (almost like sales tax)?

There wont be bail outs this time around, you cant afford it.

Also, if buying 10 from one company is only one transaction thats awesome. If you buy a cheap stock you can get a lot of them for cheap and to only be charged like 5-7 bucks is nice.

What does that even mean? So Bank of America stock is now around $6 and over the past few years it was $15-17. So you think its NEVER going to go back up? Uhhh No. You sound like an Obama hater

yes, however depends on who you trade through and all that. some do % i think others are like 5-10 $ a transaction. im not quite sure on how exactly tax works as someone else takes care of it for me. also there are some regulations that you may have to get used to.

/e however for taxes i dont think they take it directly off since but rather look @ gross income. at least i think that, you can call and talk to the person that does your taxes if you wish and he should be able to assist you further. also, any other brokerage questions you have will be answered by a representative of the company you use (or at least they should.)

This post was edited by cialda on Oct 10 2011 09:10pm

Yeah I see what you mean...I think I might just buy a few and hold them for a year or so and forget about them then worry about the taxes later.