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Posted by on February 17, 2008, 7:22 pm
Hello i am 27 years old and i am new to investing, i dont know very
much about it, and would like some help.. i do not know which is
better, fidelity or etrade or even if those are any good. if you can
help me, i would like to know what is the best investment trade sites
are better and more easier to handle, i mean having someone trade for
me would be fine, but i would preferr doing it myself. but if you can
answer the question of which investment sites would be better like
giving me the top 5 would be good. if you dont mind calling me or just
plain sending it to my email at ashlarson26@gmail.com that would be
fine.. thanks for your time and patience in reading this, and
hopefully i will not be confused after this.. thanks
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Posted by John A. Weeks III on February 17, 2008, 7:54 pm
In article
ashlarson26@gmail.com wrote:
> Hello i am 27 years old and i am new to investing, i dont know very
> much about it, and would like some help.. i do not know which is
> better, fidelity or etrade
That is like asking which is better, ketchup or pickels.
> or even if those are any good. if you can
> help me, i would like to know what is the best investment trade sites
> are better and more easier to handle, i mean having someone trade for
> me would be fine, but i would preferr doing it myself. but if you can
> answer the question of which investment sites would be better like
> giving me the top 5 would be good.
Do you want us to pick your funds and write the checks, too?
A lot of this is personal taste, what works well for you, and
what your goals are. That is why you need to educate yourself,
and then go find out what you like.
-john-
--
======================================================================
John A. Weeks III 612-720-2854 john@johnweeks.com
Newave Communications http://www.johnweeks.com
======================================================================
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Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
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Posted by Sandra Loosemore on February 18, 2008, 12:15 am
ashlarson26@gmail.com writes:
> Hello i am 27 years old and i am new to investing, i dont know very
> much about it, and would like some help.. i do not know which is
> better, fidelity or etrade or even if those are any good. if you can
> help me, i would like to know what is the best investment trade sites
> are better and more easier to handle, i mean having someone trade for
> me would be fine, but i would preferr doing it myself. but if you can
> answer the question of which investment sites would be better like
> giving me the top 5 would be good. if you dont mind calling me or just
> plain sending it to my email at ashlarson26@gmail.com that would be
> fine.. thanks for your time and patience in reading this, and
> hopefully i will not be confused after this.. thanks
If you are new to investing and need some help, your first stop
shouldn't be signing up for an account at one of the brokerage web
sites. Instead, either visit an independent web site that offers a
lot of tutorial material about how to get started in investing (like
the "Classroom" section at morningstar.com), or a library or bookstore
where you can get a good introductory book -- the "Investing for
Dummies" book seems to be quite well-regarded, for instance.
Brokers like E-trade, Scottrade, TD Ameritrade, Schwab, etc are
brokerage "supermarkets" where you can buy lots of different
investment products. Your bank may also offer similar brokerage
services. Which one is "best" is primarily a matter of personal
preference.... which web site has the nicest interface or features you
find most useful, etc. Compare the fees for the products and services
you're most interested in or would use most often. Fidelity is both a
company that manages their own funds, and a brokerage; last time I
looked, their fees for non-Fidelity investments were quite a bit
higher than you'd pay at any of the independent "supermarkets".
-Sandra
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Posted by on February 20, 2008, 4:10 pm
> ashlarson26@gmail.com writes:
> > Hello i am 27 years old and i am new to investing, i dont know very
> > much about it, and would like some help.. i do not know which is
> > better, fidelity or etrade or even if those are any good. if you can
> sites. Instead, either visit an independent web site that offers a
> lot of tutorial material about how to get started in investing (like
> the "Classroom" section at morningstar.com), or a library or bookstore
> where you can get a good introductory book -- the "Investing for
> Dummies" book seems to be quite well-regarded, for instance.
As I've said before, many folks new to investing think that
"investing" is all there is to personal finance. There's
more - and often "investing" (in the sense of selecting
securities or funds in which to invest) is the *last* thing
they ought to do. Among the things which come first:
building up an emergency fund; getting adequate insurance;
paying off high-interest credit cards; figuring out how
to spend less than one earns; deciding whether to put money
in a 401k or an IRA or a taxable account;
Once all that's done, deciding how to invest the money
comes into play. Tyson's Investing for Dummies is quite
good, but for the complete novice, I recommend his
Personal Finance for Dummies first.
> Brokers like E-trade, Scottrade, TD Ameritrade, Schwab, etc are
> brokerage "supermarkets" where you can buy lots of different
> investment products. Your bank may also offer similar brokerage
...
> Fidelity is both a
> company that manages their own funds, and a brokerage; last time I
> looked, their fees for non-Fidelity investments were quite a bit
> higher than you'd pay at any of the independent "supermarkets".
All true enough. For what it's worth, though, Schwab also has
its own funds (and unlike the Fidelity funds, I don't think any
non-Schwab brokerage can hold them, though I may be wrong).
Fidelity's "supermarket" prices are the same as everyone else -
they charge back to the funds themselves for "NTF" funds (those
are the "no transaction fee" funds). They charge the standard
load for load funds. The only part which is expensive (and in
my opinion, outrageously so, for a company which is generally
otherwise pretty reasonable) is their fee for non-NTF no-load
funds. For those, they charge $75/purchase. No charge for
sales. (in fairness, that often gets one access to funds with
very low expense ratios and/or no 12b-1 fees, and as a
proportion of anything but a very small purchase, it may
pay for itself pretty easily, especially compared with the
hassle of, say, buying such funds directly from the fund
company).
All the brokerages which have "supermarkets" have both
NTF and non-NTF no-load funds, and they all charge somehow
for non-NTF transactions. ETrade, for example, charges
$19.99 each way on such (ie. $40/round trip, versus the
$75/round trip at Fido). Other places have different
rates, and different collections of funds available.
In many instances, it may be worth looking at ETFs
instead of paying non-NTF fees. Not only are the
funds expense ratios often lower, but so are the
transaction fees.
[I'll leave it to others to look up fund fees at
other places like Schwab, Scottrate, etc.]
--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting
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Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
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Posted by Sandra Loosemore on February 20, 2008, 6:11 pm
BreadWithSpam@fractious.net writes:
> Fidelity's "supermarket" prices are the same as everyone else -
> they charge back to the funds themselves for "NTF" funds (those
> are the "no transaction fee" funds). They charge the standard
> load for load funds. The only part which is expensive (and in
> my opinion, outrageously so, for a company which is generally
> otherwise pretty reasonable) is their fee for non-NTF no-load
> funds. For those, they charge $75/purchase.
Well, $75/purchase is not the "same as everyone else". E-Trade is
$19.99. Scottrade is $17. Some of the brokerages charge a percentage
rather than a fixed fee. Especially if you plan to make regular small
purchases of funds, it shops around to find a brokerage where the
funds you're most interested in are NTF, or at least shop around to
find one with the best combination of large selection of NTF funds and
low fees for the others. Also watch out for annual account
maintenance fees or minimum account balance requirements, if you're
starting out small.
-Sandra the cynic
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Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
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