BROKER INFORMATION

HOW TO GET CONNECTED WITH A BROKER
 You need to subscribe to a stockbroker to buy and sell stock.
Below are links to several online trading brokerage companies. There are more, but these are representative of what is available.

Each broker will charge you a fee to purchase and a fee to sell your stock.
An example of this is the fee charged by Brokerage America; their fee is $5 to purchase and then $5 when you sell for a total of $10 for a complete buy/sell transaction. This fee, by the way, includes a stop-order which we will usually suggest. Other online brokers charge a higher fee for the same transactions. The fee is generally not predicated on the volume you purchase, however there are some exceptions. For example: if you buy $1000 of QQQ stock, your fee would be $5 if your broker were Brokerage America.
You are not limited to online brokers.
You may choose a brick and mortar broker who you can speak with on the phone.
Their transaction charges are typically higher than transactions placed online.
You place the order in whatever amount you deem appropriate
It may take several days to obtain an account with the brokerage firm you choose.
Ameritrade and Etrade have express account set-up procedures that require you to do an electronic transfer from your bank. This is an easy and quick way to get started that same day. On the other hand, Brokerage America requires you to download the mail in forms because they currently require your signature on several of their forms.
Most online brokers require a minimum of $1000 to open an account, and there is typically no fee to subscribe. You may then invest up to the entire amount immediately, IT IS YOUR DECISION. There is generally no requirement of a reserve for your standard cash account. Brokerage America has been paying interest on the uninvested balance of accounts and there is a provision of rebates that apply is some situations. We suggest you browse your brokers home page regularly as fees and programs do change.
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