- Great website (TD Ameritrade was a contender, but I heard that sometimes the website is unavailable and that's not acceptable even as a rumor, especially if you want to do some trading on the spot)
- Easy search for mutual funds
- Largest amount of no-load funds available (I like no-load mutual funds for the IRA account as overall they are less risky than individual stocks)
- Funds available from multiple families (important as I want the greatest diversity to find a fund that is highly ranked)
- Great customer service (I received a welcome call, unlike when I opened ShareBuilder)
- Low start-up costs (Fidelity and Vanguard are great companies, however, they require initial deposits of $2,500 and $3,000 respectively)
- Overall highly ranked and reviewed online
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In my earlier post, I talk about the Liz Weston Budget . Now, MSN Money has put up a calculator on their website see how your budget breaks ...
Friday, April 29, 2011
New IRA Brokerage
A couple of days ago, I opened a new IRA Brokerage account. I picked Charles Schwab out of all the discount online brokerages because of the following factors:
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