What’s the best website to use for investing in stocks?

I’ve heard E*Trade isn’t that great because their fees eat up your profits. We’re not looking to invest much right now. This will be the first time my husband and I have invested in anything other than mutual funds or retirement plans. So please help the newbies! Thanks.
So, out of curiousity, can you pick a mutual fund that has certain types of stocks in it?

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October 28th, 2009 at 11:00 pm
Any stock trading website will charge you fees for each purchase or sale of shares, so they will all eat up any profit if you do a lot of trading and do not have much money to invest. If I were you, I woudl stick with index mutual funds. On http://www.schwab.com you can invest in those without paying any fees whatsoever.
October 28th, 2009 at 11:00 pm
etrade
October 28th, 2009 at 11:00 pm
Online brokers like thinkorswim.com & spectrumlive.com will let you open a practice account [known as a paper money or demo account] – so you can open one of these trade as for real, but with play money.
They also have some great educational tools.
You can subscribe to a great free newsletter here that will help you learn about why markets & stocks move in price & what drives that.
http://www.thedailytradingreport.com/
Have a look at the recommended reading section for some books that will help you with trading.
There are a multitude of Mutual Funds – MorningStar.com is great place to start.
You could also look at ETF’s – Exchange Traded Funds – which have a much lowe entry & exit fees – these allow you to diversify your investments without having to purchase individual stocks.