Tuesday, December 05, 2006
Choose Simple Brokerage Firms
Merger after merger, there are less brokerage firms, now. Smart Money magazine has an annual broker survey. Here are some brokers I like.
(1) Fidelity
Likely one would have at least one tax-sheltered account with Fidelity, such as 401(k) or (403(b). For the principle of SIMPLE, Fidelity would be a good choice for brokerage account(s). The more important thing is Fidelity offers a wide spectrum of investment products and low commisions.
(2) Bank of America
Offers $0 commision for up to 30 stock trades per month, the catch is $25,000 in deposit accounts. This is a good deal if you are a frequent trader. Otherwise it not worth to freeze this much cash.
(3) Wells Fargo
Up to 50 free trades with $250,000 combined accounts. Downside is high price for option trading and less mutual fund choices.
(4) Firstrade
Best place for mutual fund investment, no transaction fee for all mutual funds, therefore the best place for one stop shopping. Commision for equity trading is only $6.95.
(1) Fidelity
Likely one would have at least one tax-sheltered account with Fidelity, such as 401(k) or (403(b). For the principle of SIMPLE, Fidelity would be a good choice for brokerage account(s). The more important thing is Fidelity offers a wide spectrum of investment products and low commisions.
(2) Bank of America
Offers $0 commision for up to 30 stock trades per month, the catch is $25,000 in deposit accounts. This is a good deal if you are a frequent trader. Otherwise it not worth to freeze this much cash.
(3) Wells Fargo
Up to 50 free trades with $250,000 combined accounts. Downside is high price for option trading and less mutual fund choices.
(4) Firstrade
Best place for mutual fund investment, no transaction fee for all mutual funds, therefore the best place for one stop shopping. Commision for equity trading is only $6.95.
Labels: Investments
# posted by SIMPLE FINANCE @ 6:23 PM 
