How do I invest into a stock index?
Or, what is the most economical way? Thru E*Trade, etc?
Public Comments
- etrade, schwab, fidelity. all are relatively cheap. or, go to vanguard and buy an index fund.
- open an account at a brokerage house........tell the salesman you want to buy an index.tell him which one.........done after that, do it online......less commission-I like TD Ameritrade
- You can't actually invest in an index. You have to invest in ETFs or mutual funds that track the index. Most of them are not a 100% representation of the index. If you want an ETF the most economical way is to buy it through a discount broker. Scottrade only costs $7 per trade, and they have no account fees. (They do not provide investment advice, but if you are only interested in ETFs, that shouldn't be an issue.) If you want a mutual fund, I would recommend Vanguard. You can buy directly from them. www.vanguard.com
- Open a brokerage account at Zecco.
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