• Follow us on Twitter @buckeyeplanet and @bp_recruiting, like us on Facebook! Enjoy a post or article, recommend it to others! BP is only as strong as its community, and we only promote by word of mouth, so share away!
  • Consider registering! Fewer and higher quality ads, no emails you don't want, access to all the forums, download game torrents, private messages, polls, Sportsbook, etc. Even if you just want to lurk, there are a lot of good reasons to register!

Online investment sites - thoughts?

Jump to latest Follow Reply
Sort by date Sort by votes
I use TD Ameritrade for my stock porfolio. I have a 401K with American Funds. I looked around and found Ameritrade to be the best for what I was looking for, I have heard good things about both Fidelity and Scottrade. Fidelity is a little more expensive than others.
 
Upvote 0
SparkyOSU;810048; said:
Some of us dont have 10,000 to start with. Who is the best for VERY entry level investing? I have been looking at E-trade because of the interest on banking acounts...
Click to expand...
I would suggest a guy named Pheasant.....send him anything over $500 and just watch and see what he can do with it. He's the best.
 
Upvote 0
I have been using E-Trade. But the others mentioned are fine, also.
I have roled my IRA over to E-Trade to get into ETFs (exchange traded funds) to get away from some of the fees charged by brokers.

It's a little know fact that most Funds under-perform the market indexes!
This is where ETFs give you an edge of low fees to match the indexes they are associated with.
 
Upvote 0
SparkyOSU;810048; said:
Some of us dont have 10,000 to start with. Who is the best for VERY entry level investing? I have been looking at E-trade because of the interest on banking acounts...
Click to expand...

As a general rule, there are many Funds that have reasonable($1000-2000) entry levels. A broad market Fund like Vanguards S&P 500 will get you started.($3000)
Or a S&P 500 ETF(even cheaper)
Over 10 years the S&P 500 has avg. over 8%
The big thing I suggest is to just get started!
 
Upvote 0
I've used Janus, Vanguard, Fidelity, Schwab and Ameritrade. No problems with any of them. If I were going to recommend just one, I'd pick Vanguard. Solid fund management and lowest expenses of any fund family. Plus, no IRA fees if you have more than $5K in a fund.
 
Upvote 0
Taosman;810227; said:
I have been using E-Trade. But the others mentioned are fine, also.
I have roled my IRA over to E-Trade to get into ETFs (exchange traded funds) to get away from some of the fees charged by brokers.

It's a little know fact that most Funds under-perform the market indexes!
This is where ETFs give you an edge of low fees to match the indexes they are associated with.
Click to expand...

Double check the fees... some ETF's are very fee friendly, others can reach 65bps (0.65%). If the ETF is static, it is a sure way to under perform the benchmark (due to the fees)... just pointing out the warts, as you pointed out the benefits... I'm not endorsing or condemning the product. Both ETF?s and mutual funds can be beneficial if understood and used properly (there-in lies the tricky part).
 
Upvote 0
You must log in or register to reply here.
Back
Top