I need to pick a broker.?
I’ve been looking for a broker to invest with. I’m looking for mid term investing (10y) and also long term (20-30y). I don’t want to be trading every day, i just want nice and steady. So i need a broker that wont penalize me for not actively trading every second. Any suggestions on cheap, beginner friendly brokers ie. Ameritrade/ also looking at Vanguard. (will humor other opinions, that’s why i asked the question.) And any stocks/MF that are doing good. Again will humor your opinion
p.s. i will not help with any promo or referrals. And only answer if you have experience, not if you got butt raped due to operator error or stupidity.
age:21. have about 100K to start with and adding about 1.5K monthly
military:75K year. no kids, wives, real bills
I’m sorry but i might not have said it clear enough if you don’t have any intellectual input, please don’t say anything. This is a lot of money with good potential to grow. So if you are going to say something retarded, like (me) think twice please. This is for financial advise not to see how many special people can use yahoo answers . thanks again.
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November 4th, 2010 at 5:01 pm
Fidelity Investments. My entire family has invested (and traded) there for decades.
I also use Ameritrade, but for my serious long-term money, I prefer Fidelity. Fidelity’s customer service, and retirement specialists, are second to none.
November 4th, 2010 at 5:01 pm
pick one
November 4th, 2010 at 5:01 pm
Goldman; I think day trading for long term goals would be grueling . I would go with a money mutual account or a security. Throw in a few CDs too. CapitolOne has an excellent yeild. Just throw in your investment and don’t worry about it until the break.
November 4th, 2010 at 5:01 pm
My observation is most people who hire a broker end up losing money because most of them WILL take advantage of you if they think you have low investment knowledge to lead you to higher expense investment products.
You can do it all yourself. Now maybe not be the best time to invest in anything due to interest rates, market volatility, overall economy, and tax tsunami coming in January, but I would just pick low expense index funds (more than one for diversifying). Minimize your initial investment, and dollar cost average into them to reduce your risk.
November 4th, 2010 at 5:01 pm
try http://www.scottrade.com
November 4th, 2010 at 5:01 pm
yea bro do it
November 4th, 2010 at 5:01 pm
First come first instead of using the term broker you should you the word trading expert because that person helps you in taking your investment or trading decisions. If you are planning to invest then in the market it is advisable you consult some expert because he can help you out in taking the best investment decision
Best of luck
November 4th, 2010 at 5:01 pm
Hi,
I am a financial advisor. Much depends on your risk level, but I have been involved in the Forex market for some time and a professionally managed account with a registered broker can produce exceptional results with low risk (zero risk is impossible to guarantee). I would not put all your eggs in one basket but diversify. Averages of 20% per month (before fees) are not uncommon.
Feel free to get in touch for more details at info@zurichmanagers.org