I know i need one I just don't know much about them. I don't have a whole lot of money to start with so a company that caters to novices in investing would be good.
2007-08-23 10:19:24 · 4 answers · asked by hsh1975 1 in Business & Finance ➔ Investing
If you feel comfortable choosing individual stocks or ETFs, I would recommend Scottrade, but they don't cater to novices; you're pretty much on your own.
If you like mutual funds, I recommend Vanguard. They also offer investment advice for novices. But you usually need $3000 to start with most of their mutual funds, except for their STAR fund, which has a $1000 minimum.
2007-08-23 10:42:28 · answer #1 · answered by Yardbird 5 · 0⤊ 0⤋
You may want to include information in your question about what type of investing you are going to do such as mutual funds, individual stocks, bonds.
Fidelity is the largest mutual fund company by assets. Vanguard is the low cost leader.
2007-08-23 11:54:18 · answer #2 · answered by William H 5 · 0⤊ 0⤋
They are government regulated so they are all about the same .
You deposit $$$$ and you choose your investments ,
Mutual funds ? stocks ? bonds ?
I like Schwab but you need to do your investing homework first .
You can deposit the cash , then make your investment choices later as you do your homework .
Investing Ed 101 link about 1/2 way down on the left . . .
http://finance.yahoo.com/
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2007-08-23 10:37:52 · answer #3 · answered by kate 7 · 0⤊ 0⤋
vanguard and fidelity are your best bets for all types of investments...they have the lowest fees, the widest selection of choices, a good education center to assist you...
stay with these two...the best bar none
2007-08-23 16:10:42 · answer #4 · answered by zioncanyon 3 · 0⤊ 0⤋