Who is the best "buy and hold" online brokerage (and what should I buy)?
March 13, 2013 9:19 AM Subscribe
My wife and I are going to dip our toes in the stock market. For the foreseeable future, I see us doing nothing other than buying (hopefully) reliable dividend-paying stock and holding it for the long- long-term (like 30 years or more potentially). We won't be doing options or even active trading other than occasional additional purchases. Who of the cheap online brokerages should we use?
posted by AgentRocket to Work & Money (14 answers total) 8 users marked this as a favorite
(I know this question has been asked before, but the latest I could find was 2009. Anticipating the "buy index funds instead" advice, we already max out our 401(k) and aggressively save money/pay down our mortgage debt.)
There are many options out there for buying the stock, but I think I've narrowed it to TD Ameritrade, ETrade, Schwab, and Scottrade. I am leaning toward Scottrade if for no other reason than it is headquartered in my hometown and there's a branch nearby in case I need to see a person.
So: (1) what online brokerage is best for "buy and hold/dividend-paying" stock ownership, and (2) do you have a pet dividend stock that you like?