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From: kapivaktra (Rep: 0) reply to webopsxmoneyDate: 07/26/2017 16:42
Forum: Casual Lounge - Msg #751Thread #673941026 (Rec: 0)
Re: Newbie to stocks

I think it depends on what level you are trading. While many things such as the charts and no ability to trade options might be a problem for some. If you are just getting started with a small amount of capital I would recommend this. This lets you start buying and selling stocks and ETFs. When you combine this with more resources such as http://www.stockstracker.com/ a free stock chart with minute updates and complex indicators, oscillators, and overlays you can really do some damage.

Commission free trading is the way to go when you have a small amount initially to invest since you may be making many trades on a weekly basis that can add up to quite a bit when dealing with commissions.

As far as trading under an LLC versus Individual you should consult a tax lawyer imo. since the main differences are what you the person is held liable for. the LLC would help protect you from litigation but in the long term if you do not trade or produce enough income from the endeavor you may wind up paying quite a bit more in taxes versus trading as an individual.

Just another novices opinion on the matter.



Reply to webopsxmoney - Msg #750 - 07/24/2017 16:51

Hi Everyone,

Great to meet you all. I am rather new to the trading world and I just got started using Robinhood. I had some questions and would value the opinion of the community here.

What is your opinion of Robinhood as apposed to something like etrade or scotttrade?

Should I be investing under an LLC or as an individual?

Kevin
San Francisco, CA
USA
https://robinhood.com/referral/kevinj84/

NOTE: This message was originally posted on 2017-07-24 15:51:48 by the webopsxmoney.

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