I want to buy five stocks and hold them. What's the cheapest way?
December 4, 2013 6:11 AM Subscribe
I have 3,000 and I want to buy four or five stocks and hold them for the next ten or more years. What's the cheapest way to buy these four or five stocks.
posted by RapcityinBlue to Work & Money (10 answers total) 12 users marked this as a favorite
I'd like to buy 4 or 5 "value stocks" that I think will grow in the future. I am well aware of the risk involved in losing my entire 3k investment+comission fees. I'm fine with that. These stocks are also investments that I want to hold indefinitely regardless of market viscissitudes? What's the absolute cheapest way to purchase these stocks? I want to mimimize fees as much as possible. I'd like to allocate this 3k over these four or five stocks as well. Is there a good site that will let me do this optimally, doing the calculations as to how much to buy of stock a, b, c, d, and e so that it totals 3k or so.
Again I don't plan on trading them anytime in the near decade. I just want to buy them, hold them, and that's it. Which brokers (an ironic term for someone who is supposed to make you money, no?) chargest the fewest fees and takes a hands off approach.