E Trade "Privacy" Agreement = JOKE
I just now went to open a new account with e-trade. Because of the various posts regarding security and disclosure of information on this forum I decided I would actually read the privacy agreement. ...
Forum Discussion
JRS & B wrote:
mich800 - The math I had in mind is that if I buy 10,000 shares, the purchase price for the stock is only $3,000. But the added transaction fee just to buy is $300. The other fixed cost component is not that high. But I only had one stock in mind, and it isn't worth signing off on my social security number, income, credit rating, employer, etc., etc..
I agree with you. I was just pointing out the bid ask spread is often 10% or higher on a penny stock. So you are already down 10% the second you purchase the stock.
