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Is intrade a better place for me to _invest_ a a few grand?

togat · 2009-09-12 12:17:23

I would like to get into the markets in a small way (just a couple of k), but am not sure its really worth it at that level of investment because of the fees (even using a discount online broker). But I came across intrade.com, and was wondering if you guys think that that might be a better way bet on financial markets…

12-09-2009 12:17PM

#1

togat

Closed Accounts Posts: 12 ✭

Join Date: August 2009

Posts: 7

I would like to get into the markets in a small way (just a couple of k), but am not sure its really worth it at that level of investment because of the fees (even using a discount online broker).

But I came across intrade.com, and was wondering if you guys think that that might be a better way bet on financial markets with so little money? Seems like a cheap way to day trade to me, but I might be wrong.

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Comments

#2 13-09-2009 04:57PM

soddy1979

Registered Users, Registered Users 2 Posts: 284 ✭✭

Join Date: May 2008

Posts: 254

I haven't used intrade so I can't comment on their service or reputation. I had a look at the markets on their website - very interesting.

If it's a few grand you are investing it may be an idea to buy a couple of ETF's, diversify across asset classes and currencies and hold them with a long term view.

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