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Online Do-it-Yourself Investing
Horse Plains Drifter
Forums Admins, Member, Moderator Posts: 40,221 ***** Forums Admin
Like Scottrade, TD Ameritrade, ETC. Anybody have a favorite place? The good, the bad, the ugly, if you will. Like everything else I do, I'm gonna do it myself. Any input/thoughts/insight appreciated. TIA.
Comments
Buy low.
Ok, thanks![:D]
As of now I have accounts with TD Ameritrade, Fidelity, Vanguard, and OptionsHouse which is owned by Etrade.
Each service excels in one area or the other IMHO, and is why I use so many accounts for different investments. TD Ameritrade is my main stock trading account, as well as some ETFs, while I prefer Fidelity for bond related investments. Options House is for just that,....trading options, and that's all I use it for. Vanguard is where all of my mutual funds are held as well as more ETFs.
What type of investing you're planning on doing will have more to do with where you go than anything else, including price IMO. TD Ameritrade's thinkorswim platform is hard to beat.
If you're going to do simple buy and hold long term dividend investing, I imagine Scottrade would be just fine, and you can save a couple of bucks on commissions as you DCA into your positions.
I would also consider Trade King. If you are running a taxable account, avoid mutual funds because of taxable year end distributions, go with ETF's instead.
The market is at an all-time peak now, so one thought is to dribble the money in over 3 to 6 months. Don't try to do frequent trades.
Start with searching for stocks that meet your investing risk tolerance & go from there.
Don't remember paying any fees so far, and the account's been open since 98.
Like Scottrade, TD Ameritrade, ETC. Anybody have a favorite place? The good, the bad, the ugly, if you will. Like everything else I do, I'm gonna do it myself. Any input/thoughts/insight appreciated. TIA.
I have been using Charles Schwab forever....good rates and good info....I do look at other financial pages such as Yahoo and
Scottrade itself was good tool to lose money at little cost.
+1 on Scottrade. When the interest rates dropped to nothing on CD's back in 2008 I cashed them in as they came up for renewal and bought some local dividend stocks thru Scottrade that averaged over 4% and paid like a slot machine every quarter. No complaints with Scottrade.
+2 on Scottrade.
Earned over 5% a year on Ford stock. Better than any CD or savings account.
I've used Scottrade for the last 15-20 years. I think they had 20-25 branches when I signed up with them. Never a problem.
I'm also using Loyal 3. FREE stock trades!
Worth checking out, if you are a "buy and hold" investor.
https://www.loyal3.com/
Merc