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A Resolution Worth Keeping: Set Up An Investment Account With An Online Brokerage
Posted By Ron On January 7, 2013 @ 9:00 AM In Goals,Investing,Personal Finance | Comments Disabled
New Year’s Resolutions are notorious for being kept … for about 6 days. But there are several resolutions worth keeping this new year. One of them really should be to set up an investment account with an online brokerage house.
Most people struggle so mightily with just setting up a 3 to 6 month emergency fund  that they can’t conceive of actually putting money aside into any type of investment. If you’re still working on that emergency fund , keep at it and maybe get some ideas of how to save more from 17 Sneaky Savings Strategies .
Investing today is vastly different than investing was just 15 short years ago! You have the ability to research, the ability to buy just one share (in the old days you were required to buy 100 or more), the ability to execute trades on your schedule, and the ability to pay far less in commissions.
One holdup that many new investors fret over is which brokerage house is best. There are a lot of choices out there when deciding which brokerage firm to use for your investments. I personally use Scottrade .
Scottrade  houses my personal Roth IRA , a traditional IRA  and a another taxable account and there are a lot of reasons I use them. For one, their interface is ridiculously easy to navigate and for another, their fee structure makes investing a lot less taxing on my account. Fees can erode away your cash very quickly but Scottrade  keeps them in check very well.
A Scottrade  account is very easy to fund (there are four ways to fund a Scottrade account ), and if you want to roll over a 401k into an IRA  Scottrade  makes it very easy to do so. I recently changed jobs and needed to roll my company retirement account into a traditional IRA and the people at Scottrade  made it very easy.
And that’s another great feature – with local offices and real people to talk to, Scottrade  has an edge over other online discount brokers.
TradeKing  is an online broker providing low flat trading fees with no minimum account requirements and no hidden fees. At TradeKing , you will pay just $4.95 a trade plus 65 cents per option contract. Period. They don’t have any account minimums or hidden fees and even charge the same price for broker-assisted trades. SmartMoney and Kiplinger’s both gave TradeKing’s Customer Service their very highest ratings in their latest broker surveys.
Zecco offers free stock trades , powerful investment tools, excellent customer service, and a groundbreaking financial community. Get 10 free stock trades every month when you maintain a $25,000 balance or execute 25 trades each month. Otherwise, it’s just $4.50 per trade.
tradeMONSTER™  is an innovative online brokerage that launched in 2008 and is geared towards stock and options traders. Differentiators of other online brokerage firms include a completely customizable trading platform, real-time streaming quotes and charts for accounts accounts including paperTRADE, one click order form from anywhere on the trading application and unique trading tools like spreadMAKER, Exit Plan, tradeLAB and strategySEEK. Their unique services are intended for the proactive investor who is looking for a disciplined approach and high value for a low price.
Whichever of these investing platforms you choose, the main key is to educate yourself on investing, trust your instincts, let go of emotions, and use solid research to make a decision.
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URL to article: http://www.thewisdomjournal.com/Blog/a-resolution-worth-keeping-set-up-investment-account-online-brokerage/
URLs in this post:
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 emergency fund: http://www.thewisdomjournal.com/Blog/emergency-fund/
 17 Sneaky Savings Strategies: http://www.thewisdomjournal.com/Blog/17-sneaky-savings-strategies/
 savings account: http://www.thewisdomjournal.com/Blog/go/savingsaccount.php/
 saving vs investing distinction: http://www.thewisdomjournal.com/Blog/saving-vs-investing/
 invest: http://www.thewisdomjournal.com/Blog/go/scottrade.php/
 personal Roth IRA: http://www.thewisdomjournal.com/Blog/retirement-101-roth-iras/
 traditional IRA: http://www.thewisdomjournal.com/Blog/retirement-101-traditional-iras/
 four ways to fund a Scottrade account: http://www.thewisdomjournal.com/Blog/four-easy-ways-to-fund-your-scottrade-account/
 roll over a 401k into an IRA: http://www.thewisdomjournal.com/Blog/5-steps-rollover-401k-into-ira/
 Image: http://track.linkoffers.net/z.asp?ID=F0000000000001413117S9999
 TradeKing: http://www.thewisdomjournal.com/Blog/go/tradeking.php/
 Image: http://track.linkoffers.net/z.asp?ID=F0000000000000296866S9999
 Image: http://track.linkoffers.net/z.asp?ID=F0000000000000344323S9999
 tradeMONSTER™: http://track.linkoffers.net/z.asp?ID=F0000000000000344322S9999
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