I agree. I’ve been saving money wanting to buy a house, and am glad to see housing prices coming down but sad to see that our dollar is coming down as well thanks to these fed rate cuts. I’m extremely concerned over how all this will turn out.
I’ve used scottrade for 7 years, they’re basic and charge $7 per trade. This comes with online access and their trades have been immediate for me (no delay when I click buy/sell). They don’t give you the guidance of a live broker, but I don’t use them anyway (in fact I often go against them).
Scottrade does provide basic quotes and analysis. Their phone operators are friendly and access to my funds is easy (I’ve deposited and withdrawn many times). Once they tried to “call” my short-sold stocks, which they have a right to do, but I whined and they backed off.
You’ll need a margin account to trade short so let them know when you open the account.
