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Question about long investing!

post #1 of 8
11/3/09 at 7:57pm
Thread Starter 
I'm just confused about how you can hold a stock for months-years at a time. My broker only allows me for a maximum of 30 days. I find some confusing information but doesn't help me at all!

Please explain!
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post #2 of 8
11/3/09 at 10:45pm
Who is your broker... My on-line broker lets me hold as long as I want..

You may need to make a change.
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post #3 of 8
11/3/09 at 10:49pm
Quote:
Originally Posted by Chantzyg View Post
My broker only allows me for a maximum of 30 days.

Please explain!
i would question that a bit but if its true
time for a new broker...
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post #4 of 8
11/3/09 at 11:20pm
Chantzyg is confused, there is no broker that does not let you hold a stock forever. He/she probably confused either buying a stock on margin with additional funds being required... my guess.
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post #5 of 8
11/4/09 at 1:38am
Thread Starter 
I currently use QuesTrade, as I live in Canada, there is so little to use, and not much competition for brokers. The start up cost is $1000 to open an account, and I selected no-margin account, but they still give me 3 to 1 for buying power/margin.
I also have seen some places that QuesTrade really isn't that good...hmm
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post #6 of 8
11/4/09 at 2:12am
Canada? You make it sound like you live in Swaziland.

There are tons of brokers for you to use.

Scotia Itrade, BMO, CIBC, TD Waterhouse, Interactive Brokers, ThinkorSwim... and thats just off the top of my head.

There is no such thing as 30 day holding period for a stock. Some of them will have an account minimum because it really makes no sense to try start trading with anything less than $2000 - $3000 in my opinion.

It sounds to me like you really need to take some time to learn exactly what you are getting into here, browse these boards, look in the education section, read the important threads that are "sticky".

I strongly suggest you spend the next few weeks studing up on trading before you put any money into the markets!
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post #7 of 8
11/4/09 at 12:43pm
Quote:
Originally Posted by StockJock-e View Post
Canada? You make it sound like you live in Swaziland.

There are tons of brokers for you to use.

Scotia Itrade, BMO, CIBC, TD Waterhouse, Interactive Brokers, ThinkorSwim... and thats just off the top of my head.

There is no such thing as 30 day holding period for a stock. Some of them will have an account minimum because it really makes no sense to try start trading with anything less than $2000 - $3000 in my opinion.

It sounds to me like you really need to take some time to learn exactly what you are getting into here, browse these boards, look in the education section, read the important threads that are "sticky".

I strongly suggest you spend the next few weeks studing up on trading before you put any money into the markets!
I agree
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post #8 of 8
11/4/09 at 1:23pm
Quote:
Originally Posted by StockJock-e View Post
Canada? You make it sound like you live in Swaziland.

There are tons of brokers for you to use.

Scotia Itrade, BMO, CIBC, TD Waterhouse, Interactive Brokers, ThinkorSwim... and thats just off the top of my head.

...
I made a list in this thread -
http://www.hotstockmarket.com/forums...06&postcount=4

So I'll be lazy and copy it here as well:

Quote:
Originally Posted by Marty View Post

[...]

Some brokers offhand:

Discount brokerages:
Bank "Direct Investing" Brokerages:
*** not accepting new accounts till after full merger with TD Waterhouse


There's plenty other discount brokers that offer Canadian Accounts... this is just off the top of my head.
[...]
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