Which Broker Do You Have

bigss75 · 11-19-2005, 09:50 PM

I currently have ameritrade but Im looking at some T Rowe Price mutual funds and you can't get them there. I was looking at Scottrade. Anyone have any opinions about any online trading sites that are cheap and secure?

TJ Cline · 11-19-2005, 09:54 PM

I do all that crap through Vanguard.....the other trades I do are through my Father who knows this stuff 1000x better than I do..

**Mudge** · 11-19-2005, 10:10 PM

Choicetrade, I'm on the GZFX bandwagon

even though I'm not a customer

I do pennies and big movers, dont watch the blue chip stuff much.

Sites like Motley Fool should offer reviews/outlines of what each broker provides.

Big Smoothy · 11-19-2005, 10:11 PM

I only use a discount broker if I'm buying stock. And I assume a lot of people do it a cheaper way.

As for mutual funds, IRAs, etc.,

I use only true no-load funds, and go straight to the Fund Company.

I agree with FormenRules, that Vanguard is one of, if not the best, when you look at long term performance and fees.

Never use a place like Smith Barney to buy mutual funds. They steer you into loaded funds so the broker gets a commission and they are also biased because mutual fund company have promotions as an incentive.

Bobbrinker.com

Bob Brinker is the best financial and investing advice I've every gotten - and it's free. Check him out on the radio.

musclepump · 11-19-2005, 10:21 PM

I do all my own stuff and use Scottrade

BigDyl · 11-19-2005, 10:21 PM

I have no fuckin' clue about this stuff.

Big Smoothy · 11-19-2005, 10:29 PM

Quote:

Originally Posted by BigDyl

I have no fuckin' clue about this stuff.

BigDyl,

There are a lot of good sources of information about investing.

When you pick mutual funds (if you do), you need to know what you are doing.

"Mutual Funds For Dummies," is a good book, and listening to Bob Brinker on the radio is very helpful.

You can use the internet to get the basics about Mutual Fund fees (12B-1 fees), the difference between a Small Cap and a Large Cap, Value vs. Groth, International, Blue Chip, Emerging Markets, and Sector Funds.

Stocks can be a good way to go also, if you do some homework.

Compound Interest is the Golden Goose that lays the Golden Egg is you start investing early in your life.

Real Estate is a great vehicle to allow yourself to retire earlier than the rest (depending on what your goals are).

Most Americans are Financially Illiterate. I need to learn a lot more myself.

bigss75 · 11-20-2005, 12:26 AM

Quote:

Originally Posted by Mudge

Choicetrade, I'm on the GZFX bandwagon

even though I'm not a customer

I do pennies and big movers, dont watch the blue chip stuff much.

Sites like Motley Fool should offer reviews/outlines of what each broker provides.

I'm scared to death of penny stocks, they change to much for my liking. Choicetrade is a pretty cheap but it looks pretty unsecure. That GZFX if you got in on it at .10 your up 40% percent in 4 days. Thats awesome.

bigss75 · 11-20-2005, 12:33 AM

Quote:

Originally Posted by Mr_Snafu

I only use a discount broker if I'm buying stock. And I assume a lot of people do it a cheaper way.
As for mutual funds, IRAs, etc.,
I use only true no-load funds, and go straight to the Fund Company.
I agree with FormenRules, that Vanguard is one of, if not the best, when you look at long term performance and fees.

I am a huge fan of vanguard funds. I never realized that they deal with other mutual funds then just theirs. That is a good place to set up a IRA.

TJ Cline · 11-20-2005, 12:36 AM

Quote:

Originally Posted by bigss75

I am a huge fan of vanguard funds. I never realized that they deal with other mutual funds then just theirs. That is a good place to set up a IRA.

bigss75 · 11-20-2005, 12:44 AM

Quote:

Originally Posted by Mr_Snafu

BigDyl,

There are a lot of good sources of information about investing.
When you pick mutual funds (if you do), you need to know what you are doing.
"Mutual Funds For Dummies," is a good book, and listening to Bob Brinker on the radio is very helpful.
You can use the internet to get the basics about Mutual Fund fees (12B-1 fees), the difference between a Small Cap and a Large Cap, Value vs. Groth, International, Blue Chip, Emerging Markets, and Sector Funds.
Stocks can be a good way to go also, if you do some homework.
Compound Interest is the Golden Goose that lays the Golden Egg is you start investing early in your life.
Real Estate is a great vehicle to allow yourself to retire earlier than the rest (depending on what your goals are).
Most Americans are Financially Illiterate. I need to learn a lot more myself.

Yeah, I know the basics of investing mainly in stocks, mutual funds. Im scared like I said of the penny stocks, forex, and real estate.

I wouldnt think of putting all my money in stocks unless i had 15,000 in it because you can be diverse enough.

I know alot of real investors hate jim cramer and his mad money thing but he has good basics to create a portifillo. Just dont go listen to his picks and blow you retirement money on some stupid pick he made

Big Smoothy · 11-20-2005, 12:47 AM

Quote:

Originally Posted by bigss75

I am a huge fan of vanguard funds. I never realized that they deal with other mutual funds then just theirs.

bigss75,

I need to clarify.

Vanguard only deal with the Vanguard Family.

By going straight through the "Fund Company," I meant that if I'm starting an IRA, or buy regular mutual funds, I'll go throught the Fund, directly.

If I'm buying T. Rowe Price, I'll call them, or mail them my application form to open a new account or to start a new one, which I did recently.

Same with Vangaurd, Nueberger & Berman, etc.

bigss75 · 11-20-2005, 12:51 AM

Yeah that save comission fees

Big Smoothy · 11-20-2005, 01:10 AM

And look out for decling back B-loads.

They are called "Killer Bs" because they let you think that you are saving on the load fee because the longer you hold the fund the lower the back-end load is, because it's reduced yearly.

But....the have high 12-b1 fees.

Over 50% of mutual funds did NOT keep up with inflation over the last 20 years, from 1985 to 2005.

If you pick good ones, you should be OK.

11-19-2005, 09:50 PM	#1
bigss75 Let Me See Yo Grill Elite Member Join Date: May 2002 Location: Colorado Posts: 5,123	Which Broker Do You Have I currently have ameritrade but Im looking at some T Rowe Price mutual funds and you can't get them there. I was looking at Scottrade. Anyone have any opinions about any online trading sites that are cheap and secure?

11-19-2005, 09:54 PM	#2
TJ Cline Member Join Date: May 2005 Posts: 12,544	I do all that crap through Vanguard.....the other trades I do are through my Father who knows this stuff 1000x better than I do..
TJ Cline Member Join Date: May 2005 Posts: 12,544

11-19-2005, 10:10 PM	#3
Mudge Pizza the Hut Super Moderator Join Date: Jun 2002 Posts: 22,994 Photos: 1	Choicetrade, I'm on the GZFX bandwagon even though I'm not a customer I do pennies and big movers, dont watch the blue chip stuff much. Sites like Motley Fool should offer reviews/outlines of what each broker provides.
	Kinesiology Vote @ Top 25 Deads Comp Bench Motivation Bench form MaxCalc Charles Poliquin When I let go of what I am, I become what I might be. Lao-Tzu I don't know any sources so don't ask - thanks

11-19-2005, 10:21 PM	#5
musclepump Celebrity PersonalTrainer Join Date: Nov 2004 Posts: 6,664 Photos: 128	I do all my own stuff and use Scottrade
	Let's all join together and SPEAK ENGLISH IN AMERICA.

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11-19-2005, 10:11 PM	#4
Big Smoothy Windy City Elite Member Join Date: Jan 2004 Location: Chicago Posts: 2,678	I only use a discount broker if I'm buying stock. And I assume a lot of people do it a cheaper way. As for mutual funds, IRAs, etc., I use only true no-load funds, and go straight to the Fund Company. I agree with FormenRules, that Vanguard is one of, if not the best, when you look at long term performance and fees. Never use a place like Smith Barney to buy mutual funds. They steer you into loaded funds so the broker gets a commission and they are also biased because mutual fund company have promotions as an incentive. Bobbrinker.com Bob Brinker is the best financial and investing advice I've every gotten - and it's free. Check him out on the radio.

11-20-2005, 12:51 AM	#13
bigss75 Let Me See Yo Grill Elite Member Join Date: May 2002 Location: Colorado Posts: 5,123	Yeah that save comission fees

11-20-2005, 01:10 AM	#14
Big Smoothy Windy City Elite Member Join Date: Jan 2004 Location: Chicago Posts: 2,678	And look out for decling back B-loads. They are called "Killer Bs" because they let you think that you are saving on the load fee because the longer you hold the fund the lower the back-end load is, because it's reduced yearly. But....the have high 12-b1 fees. Over 50% of mutual funds did NOT keep up with inflation over the last 20 years, from 1985 to 2005. If you pick good ones, you should be OK.