Where do to buy a NYSE stock without high fees?

kimi: Where do to buy a NYSE stock without high fees?
My boss wants to buy $ 10k of General Motors and sit on it for a few years. He doesn’t want to make any other trades.
E-trade is reputable, but it looks like they’re going to charge him maintenance fees every quarter since he’ll be inactive. Is there any other inexpensive way to buy stocks or to avoid E-trade’s maintenance fees.

Answers and Views:

Answer by Stockwillrise
optionsxpress.com

Your boss needs some trading skilss or he will lose money.

Answer by bick
your boss will lose his you know what. GM is one of the worst stocks to hold. If he is buying for the longterm you want to buy a bluechip stock. Something along the lines of Mcd’s Microsoft Intel Sony Walmart. Those are the stocks you hold for the longterm. Stay away from cars and retailers. You want something that will provide lower risk and pay dividends. Maybe it be best for him to split it up 3 ways and go into 3 different sectors of business. Mcd’s is food, Microsoft or Intel is a tech stock and then Walmart is a stock that is good for long term in terms of retail because they are so well run. That might be the best kind of play. I am in the same boat as I invest small amounts of money while I am in school. But GM is a really bad stock to have. They might go out of business long term.

For websites to use, I use tdameritrade but i am not to sure about the fees. I buy and sell enough where i didn’t pay enough attention to those things when I signed up. I had a hassle with etrade so I just used the next one on google search.