Finding information for online stock brokers isn’t easy. Every company is unique and the important things aren’t always obvious. To complicate things even more, companies that review brokers provide contradictory comparisons. It’s difficult to come to any definite conclusion on which broker is the best. I’ve tried to be objective [...]
Online stock trading is fast, easily available and profitable. This is why there are so many aspirant traders who want to profit part time or full time while sitting at their own computers. Online stock trading can be done globally, from the location of the trader twenty four hours a day. Transactions are executed and [...]
Finding the right online stockbroker is a personal choice, which is normally based on your preferences, level of preferred services and financial requirements. It is without a doubt one of the more crucial decisions you can make next to choosing what to invest in. In this article, we have highlighted some of the [...]
With Zecco there are no minimum balances to open an account. To get 10 free trades a month a $2,500 minimum is required. They have very little fees with the exception of a 30 annual fee on IRA accounts. When I signed up for Zecco the paperwork was a nightmare but I think [...]
Overall Scottrade Rating
Summary
Scottrade strikes a good balance between quality and value. They have the most physical branches than anyone else online. This gives them an edge with customer service and convenience. With their online set of tools Scottrade is one of the best brokers around. Scottrades biggest downside is [...]
Overall TradeKing Rating
Summary
TradeKing offers the most competitive package compared to all the other online discount brokers. TradeKing’s interface is straight forward and easy to use. I’ve been using them for a few years now and their service is amoung the best I’ve tried visa vis Zecco, Scottrade, Sharebuilder. If you are [...]
If you spent $100 on something silly (e.g. new phone, lattes, fast food) how much is that really worth in the future. Thirty years from now what could have you purchased?
Assume you put your money in the stock market with an average 12% annual return. Your money is also growing tax free using [...]
I always get a kick out of these ‘for Dummies’ book titles. If they used another derogatory term instead of ‘dummies ‘do you think they’d sell any books? Some alternative titles might read ‘Investing for complete idiots’ or ‘Investing for the mildly retarded…please stop drooling on the book and pay for it’. [...]
Looking for a tax free, no risk investment with a guaranteed 6-18% return? This might sound too good to be true but it’s not. Once you have an emergency cash reserve it’s time to start thinking seriously about your investing strategy. Part of that strategy is finding the investment that will yield the [...]
Compound Interest is one of the most important concepts in personal finance. By understanding the power of compound interest and how it works it will change your investing strategy, your mindset, and your goals. This concept is so powerful that Einstein is quoted as saying “The most powerful force in the universe is [...]
High interest rate savings accounts are useful tools for emergency cash reserves and intermediary savings vehicles. But every year the extra money you leave in your account is worth less than the year before. How much less? Anywhere from 1-2% less. That means the hundred dollars you left in your account [...]
How much is enough for retirement? These free retirement planning calculators will help you estimate how much will be enough. Each calculator is unique in what inputs are required and the type of answers you’ll get in return.
MoneyChimp ‘Simple’ Calulator
The MoneyChimp Calculator is simple and offers a quick snapshot of what your [...]
When considering a Roth 401(k) vs a Traditional 401(k) you need to do one thing: Find out if your employer offers Roth 401(k) retirement accounts. If they don’t most of this information will be interesting but you can’t take advantage of any of it until your employer makes Roth 401(k)s available.
In should be noted [...]