ST Alpha - "STHelp Desk: Okay, I've reached the point of wanting to purchase a stock. I have little idea of how to proceed. Some questions:" (Reading a Post)

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STHelp Desk: Okay, I've reached the point of wanting to purchase a stock. I have little idea of how to proceed. Some questions:

Posted by Name Withheld By Request (aka BlueKopo) Feb 6 '09, 12:39

1) I've investigated online brokerages, which would make sense to me however:

I will not be trading enough for a preferrential rate. Means I would likely be paying about $30/trade, which isn't terrible because the stock I'm looking at buying is a five-year hold type stock.

However, suppose I put in an order for 100 shares, but have to purchase it in blocks of 20 shares, 50 shares, 30 shares and 20 shares. Would the normal industry practice charge me four times for this type of transaction?

2) How would you go about choosing a stock broker? How do I go about that? How do their fees usually work? I assume it's also fee/transaction.

Responses:

Buy it as a CFD. -- nm - Loyola Feb 6, 12:45 1
- this I do not recommend doing. -- nm - decline Feb 6, 12:51
1) No, if you place an order for 100 shares and they buy in blocks, you'll only get charged 1 commission - decline Feb 6, 12:45
My discount broker charges about $10/trade. That's for as many shares as you want at one time. - psilotum Feb 6, 12:42
PS: I have a mutual fund manager, however he doesn't do direct stock purchasing so isn't suitable for my purposes. -- nm - Name Withheld By Request Feb 6, 12:41

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STHelp Desk: Okay, I've reached the point of wanting to purchase a stock. I have little idea of how to proceed. Some questions:

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