Portfolio Game

where should i open a share portfolio. i am 20 - jst starting to buy some shares. best prices easy2operate.thx

i bank with suncorp but at school in economics we used commsec. should i go with my own bank? what is the cheapest bank or organisation based on prices of buying and selling? i have maybe 20grand, should i buy short term or long term. im leaning towards short term because i will most likely be checking the prices everyday. any recomendations?

Public Comments

1. You are in a perfect situation man. When a client comes to me at age 20 with that kind of capital I cant help but smile. The smartest thing you can do is go get some professional assistance from an investment/financial advisor. Look up Morgan Stanley, Fidelity Investments, Wells & Fargo, etc...
2. Don't open a trading account if you don't know much about investing yet. Teach yourself on the Internet all about it first. Maybe try investing with pretend money first at a site like this: http://stocksquest.coe.uga.edu/C001759/ Once you get the hang of things, then you can open a brokerage account. I'd recommend one of the cheaper brokers, like mbtrading.com or zecco.com, but if you would like them to give you advice, you can go to schaub.com for that. I don't recommend short term trading very much. It's too hard to get the timing down right, plus commissions will eat up your returns from buying and selling so much. I seem to do much better when I hold onto stocks for longer than 3 or 4 months. good luck.