I bought a few stocks in the early 90’s. I’ve never heard of the round lot and those were not round lots or close. I think that is a relic of the days before the 1980’s.
Interesting.
I was day trading in the late 1990s for $7.50 a trade - for one share or for ten thousand shares.
The only reason it was complex and time consuming to open a new brokerage account back then was because of strict "know your customer" laws that went into effect in the 1980s to stop the flow of drug money into the USA financial markets.
By the way - the timing for this post is awful!
This week, GameStop (GME), the darling of short squeeze traders everywhere, has lost one third of its value, from $342 down to $229 - as I write this.
Wow, thanks for the post
I first bought mutual funds in the 1970s. I don’t remember the startup process being that big a deal. Commissions are noise for a long term investor.
Glad it is even easier for small investors to get going.
The hardest part is setting the money aside not the process or commissions involved with investing.
....until the Big Guy gets his cut and outlaws private stock trading.
One remaining obstacle involves buying stocks in certain overseas markets, such as the Australian market. Brokerages still charge a fairly hefty fee for buying and selling in those circumstances.
Now trading at $212 (8:40 AM PST).
Down 38% since Tuesday.
The "Army of Davids" will show up any minute now!
Bkmk