$1000 to mess around with...

[Michael P]

This post reminds me...

Holdings like SLV and SIVR - or any ETF designed to track an underlying commodity - are going to be taxed differently than regular mining stocks. So if you're going to buy them, it's probably a good idea to hold them in a traditional or Roth IRA...

...until they confiscate the IRAs...

When is this supposed to begin? I sold some of my SLV last year to capture some of the cap gains in 2010 and bought it back immediately. My accountant assures me it is still only taxed at the normal 15%

 

[Michael P]

The tax rate on SLV & GLD being at a collectible rate of 28% seems to be pure internet myth.

 

[helmuth_hubener]

Saved loose change until I hit $1000.

I want to dabble in an online brokerage account. I never did.
I don't want to day trade, I don't want to set it and forget it.

What is a good online service?

What is some good silver stocks?

Thanks guys.

Yeah, this $1000 is purely for playing with. I have precious metals, an emergency fund, food, guns, etc...I just never did any online trading. I am not looking to day trade or to set it and forget it either.

Just buy a stock or two and get accustomed to whatever broker I decide.

So how did this go, Cornelius? Give us a report!

 

[oyarde]

So how did this go, Cornelius? Give us a report!

He should have just pd me $ 21 and I would have gotten him $500 in silver & gold and $479 in stock picks

 

[LibForestPaul]

Saved loose change until I hit $1000.

I want to dabble in an online brokerage account. I never did.

So you want to gamble with $1000.
Not possible with rolling limit orders.
Do some research, figure which stocks are over valued, and place some puts and forget it.

 

[Bastiat's The Law]

Shouldn't you buy stock in in at least $2000, or preferably $3000 increments?

 

[helmuth_hubener]

Shouldn't you buy stock in in at least $2000, or preferably $3000 increments?

Any amount like this would be arbitrary. The more you buy at once, the less any flat fee will impact you (a seven dollar trade fee is seven percent of one hundred dollars, but only point-oh-oh-three-five of two thousand), but sometimes the trading fees are waived for new customers (TDAmeritrade does that currently). This was just for fun and educational purposes anyway.