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?
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Which Broker Do You Have
- Thread starter bigss75
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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.
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 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.
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.
I do all my own stuff and use Scottrade
I have no fuckin' clue about this stuff.
BigDyl said:
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.
Mudge said:Choicetrade, I'm on the GZFX bandwagon
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.
Mr_Snafu said:
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
bigss75 said:
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.
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.
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.
