If you are a beginning investor. One of the most important things you have to be aware of is the cost you will be charged to buy and sell a stock. Most stock trading companies charge per transaction. So, if you buy a stock for $50, the total amount due will be $57. If you sell it for $60 then you will be charged $7. In this situation then your overall profit gain will be $0.00.
Therefore, it’s important to consider and include the cost of trading. Now, to answer the question of what is best place to buy stocks? My best advice to you would be to use Robinhood. Because, Robinhood will provide you with a free membership and they do not charge a trading fee.
So, if you buy a stock for $50, then that is all you owe. If you then sold your stock for $60, you would not owe anything extra and your potential profit gain would be $10. Being able to keep 100% of the profit is really helpful, especially when you are brand new to investing. You need every penny you can hold on to.
By the way, if you decide to join Robin hood using my link here, be sure to also use their affiliate referral program. You get a chance to win free stocks, such as : Berkshire Hathaway, GE, Energy Transfer, Ford.
Click here to join and get FREE trading.