It will be 40-45 years before I plan to retire
2006-06-26 08:41:52 · 7 answers · asked by cmjz1313 2 in Business & Finance ➔ Investing
All the brokerages you listed are expensive ( relatively ) in their commissions, especially if you're going to be trading stocks, often, instead of just buying funds and leave them for a while.
If this be the case, you will be better off, exploring other deep-discount brokerages...such as E*Trade, TD Ameritrade etc.
If you have sufficiant funds in your Rollover IRA ( > $50K for E*Trade ) the commission per trade is lot less than what you will pay in your list of brokerages. I think it's $9.99 or something along that line, with almost all brokerages, per trade.
The commission is something that you should consider. Also, some of these companies charges few cents per share. Only the first 1000 shares are covered by their flat fee. Anything above that limit, you pay additional CENTS per share.
All the tools - charts, portfolio manager, research tools etc...are all kinda standard all over the place.
p.s.
Since you're rolling over and NOT THRU' YOUR COMPANY 401(k) anymore...There is no more free lunch. You will pay $$$ per trade..So, give it some thought
2006-06-26 10:56:07 · answer #1 · answered by DCentGuy 2 · 5⤊ 1⤋
I just did this. I rolled my 401K over into a Fidelity IRA. The reasons:
1. They have a great selection of funds.
2. Their funds are no-load (no commission) and have low annual expenses.
3. They have awesome amounts of financial information on their web site.
4. They offer some nice buy it and forget it retirement funds that will diversify and allocate your funds based on your retirement date. In your case, look for a fund called Freedom 2045 or 2050.
5. Their customer service was very helpful and knowledgable, but wasn't trying to "sell" me on lots of stuff.
2006-06-26 13:02:22 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
If a person has no knowldge and skills about Forex then it will be very difficult to trade in Forex. But if you use the right software you can make very good profit. The best software is called "autobinary signal". If you aren't a big expert this software is the only way to earn good money in Forex.
2014-10-03 16:01:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I have used Fidelity and like their website and their customer phone service is good too. Fidelity has been around a while.
2006-06-26 08:44:14 · answer #4 · answered by hirebookkeeper 6 · 0⤊ 0⤋
Schwab. Not only can you invest in equities (stocks) but you can also invest in mutual funds (over a thousand with no-load and no transaction fees), certificates of deposit, bonds and other vehicles. They make the rollover very easy. They have good customer service. I did this and I am very satisfied.
2006-06-26 10:03:20 · answer #5 · answered by MTB 1 · 0⤊ 0⤋
my company just moved our 401k stuff over to FIDELITY.. and i haven't had any problems w/ them so far.. they have a lot of research material on their site too
2006-06-26 08:57:25 · answer #6 · answered by do it movin' 1 · 0⤊ 0⤋
Calamos Investments...I used to be a financial Rep and i worked there for awhile, great growth funds and Jon and Nick Calamos are exremely smart......calamos.com
2006-06-27 07:09:57 · answer #7 · answered by Anonymous · 0⤊ 0⤋