I was checking my email just now and approved a pingback on my post regarding the basics behind Exchange Traded Funds (ETFs). Well, it seems that the person I answered the question for, a blogging colleague of mine known as Clever Dude has successfully made his first ever trade online! The funny part is, he typed in the wrong symbol, whoops!

“So I pop over to eTrade where I have my Roth IRA. Mind you, I’ve
only ever purchased mutual funds, so I don’t know the “ins-and-outs” of
buying stocks. I went through the interface and plugged in the ticker
symbol. I bought 80 shares at $17.97 each (with a stinkin $12.99
commission!).

But I bought 80 shares of PWB, not PBW!!!

I wondered why the stock was $3 lower than when I looked yesterday,
but I figured now was just the time to buy, so I did. I got 80 shares
of PowerShares Dynamic Lg.Cap Growth ETF instead.”

Regardless of the mistake (we’ve all done it at least once right?) I dedicate my next “cold one” which will come tomorrow night at a poker and bonfire party I am hosting to Clever Dude for his success. Nice work CD, next time just double check that ticker before placing the trade online . Cheers.

If you enjoyed this post, make sure to Subscribe to the feed (you can also subscribe with free email updates). Then, check out the Investors Forum (New members register here!)

Related Posts:

• ST101 Week in Review 7
• Etrade Financial Online Stock Broker Speed Review
• Help Choosing an Online Stock Broker
• Flashdrive Winner and Weekly Highlights
• Understanding Stock Broker Lingo, Flat Fee Trades

Recent Posts:

• Etrade Financial Online Stock Broker Speed Review
• Timeline of 17 Recessions and World Crises Since Great Depression
• 40 Great Inverse / Short ETFs For Bearish Investors
• OptionsXpress Online Stock Broker Speed Review
• Weekly Market Commentary - July 15, 2008

Filed Under Stock Trading |
Subscribe to the Blog | Recieve Blog Updates by Email!

----------------------------------------

Share Your Knowledge »