Need help in Investment?

Question

Ok i want to open an account with WaMu. I also want to invest money in some companies and buy shares. What kind of account should i open? Any bonuses or anything involved?

Answer 1

WaMu is not an investment bank.  You can't buy stock there.  It will also be one of the next banks to fail in the near future.  Check out E-Trade if you really want a bank, don't keep more than the FDIC insured amount in any account.  Stocks I would buy right now are mining stocks such as AUY, GG, and CEF.  Wait to see when gold bottoms.  Though it is nearly impossible to pick a bottom, I suspect we are very close and in the long run you should do quite nicely.  I'd keep some physical gold and silver on hand as well.

Answer 2

Wamu does not offer brokerage services from what I know. If you want to invest in shares of stock, you will need to open an account with an online discount broker such as e-trade or tdameritrade and many more.

By going with Wamu, you will be able to purchase CDs, and bonds, but I do not believe you can purchase shares of stocks.

Hope this helps.

Answer 3

Nobody seriously know which way the market it going to go or what is going to happen. On CNBC there was talk about the Tech stocks doing well, you could invest in them. Such as RIMM research in motion. However, your best bet is diversification I would open an ETF, Index Fund, or low cost no load mutual fund. The long term investor usually wins out and if you have no idea what to invest in you shouldn't buy individual stock I would advise you to invest in a fund. Good luck

Answer 4

WaMu is a retail bank, from what I know of it.

Do they even have a brokerage?

Why not use a real brokerage which trades enough volume to offer decent execution?

Answer 5

You want to open a checking account and link it with a stock broker (on-line or over the phone).  That way you can easily put money into your bank account and then transfer the money over to your stock account.  Ignore interest rates from your bank since you can do better in a money market.

There are a bunch of factors needed to handle your situation such as risk tolorance, length of time you want to invest and how much you plan to put into the market.  You may want to look into investopedia.com since it's free and online.

Answer 6

Go online and apply for their free checking, with savings that pays interest, and brokerage account. Then watch Mad Money for one week and invest in every company Kramer lists as a buy! Then sit back and let them grow over the next couple years, or longer.