 Big-3 Bailout? Yay OR nay? |
| Congress is reviewing the $15 billion bailout plan on a measure to save Gm, Ford and Chrysler from bankruptcy. Do you think they will approve it? Or how you think it will go? Good or Bad?... |
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 What are stocks? |
| I have been told that buying stocks or shares is a good way of making money. How do I start? How much do I need to start in the first place? Do I do it online or to a bank? I need a lot of help!!... |
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 How to find out what stocks are in a mutual fund? |
Which website has the best information about what mutual fund has what stocks?
Also, what is the best site for researching mutual funds?
Thanks!... |
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 Wanting to invest money. What can I invest In? |
| Whats good to invest in at this time? Houses? Stocks? Any ideas?... |
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 New 401k plan. i have questions? |
| ok so i know squat about 401k but i have a new plan thru employer and just recieved my first quarterly statement. it makes no sense to me as i really am ignorant to financial and investment matters. ... |
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 What is the least amount of $ i need in order to invest in the stock market? |
| I called a broker and asked what I could do with $1000 to invest. I didn't want long term mutual funds, or bonds - I just wanted to risk the cash and buy something I could watch go up or down on ... |
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 Should I invest in pennystocks? |
| I have limited funds so I know I'm not going to make a huge profit. Is it a good idea?... |
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 CD v. Mutual Funds? |
I'm totally confused on this one. What's the difference? Which is better?
Does anyone have first hand experience with either or both?... |
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 Stock market question? |
| Do you think Fed Ex and UPS are a good companies to buy stock in? I think so because alot of people use them and with the increase of online buying, we will always need them.... |
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 How does stocks really work.? |
| How do stocks really work, do I basiclly invest in a stock and then sell it to someone.... |
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 Looking at buying and selling stocks... can you help? |
| I'm 22 and still in school. I'm interested in investing in stocks. I have no idea what I'm doing, but I know that it is a good idea to invest. I'm just looking for any tips, hints ... |
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 How to invest in stocks without using a broker? |
| I am really interested in investing in the stock market, but I don't want to use a broker. Is there a website or something to go to, to invest in a companie?... |
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 Need help explaining retirement to my bf??? Help anyone? |
Ok so I have a pension at my work (I am 21) that is pretty good and I plan to work here forever or if not continue with the pension and increase the perecentages.
So a finacial planner said for ... |
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 What's the difference between an ETF and a mutual fund? |
| I've read a lot of books on investing and it seems like all of them say the very same things about ETF's and mutual funds. What is the real difference between them?... |
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 What is a good 401k match? |
| Hey everyone. I just got my first "real job" about of college about a month ago. They are offering me a 401k with a match up to 3% and then 50 cents to my dollar up to 5%. Would this be ... |
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 I have a financial question? |
| If I claim my daughter as a dependent because she is a full-time college student, can she claim herself as a dependent when she files her return?... |
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 Do you play the lottery? And if so, do you ever really think you'll win? |
| I am not much of a gambler and I really don't get it... The odds are so against it...... |
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CSUflyer | Why choose to hold your IRA/Roth IRA at a brokerage house like Fidelity instead of your local bank?? |
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jebediabartlett
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LAST ANSWER...WRONG !! I hold several IRA's with Fidelity and I can buy ANYTHING on almost ANY market at home on my keyboard. Fidelity has many funds from many companies ( most WITHOUT a transaction fee)
That is THE reason I prefer my IRA's ( mine, my wife's, my daughters' ) at Fidelity instead of "the bank".
The holdings are as diverse as Fidelity Real Estate...Canadian Energy Trusts...ETF's of Mexico, Aerospace, Defense, a Neuberger fund, a U.S. Global fund, stocks in Saks, Eagle Materials, Ansoft, Suez( French "water company") ELP ( Brazilian power company) on and on...
You can do similar...or you can elect to hold everything in two or three funds....BUT, its up to you, and YOU change ( add, buy, sell, move to "cash") at your convenience. You can be aware of your status ANYTIME..( and what to do about it) you don't wait for a quarterly report.
As far as advice or such....they have phone numbers on the web-site...or E-mails are answered promptly...and they probably have one or two pamphlets on every aspect of investing or planning that you could possibly use.( and videos...and charts...and graphs and comparisons.....)
The " guy at the bank" is probably just wondering if it's time to go to Burger King !!! |
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Faye H
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You'll have a lot more options on were to invest with a brokerage than you'll have with a bank. And even with banks, different banks offer different investments. My own banks IRA's are nothing more than a savings account. About the only good thing about an IRA there is that you're deferring taxes. You're not getting much of a return (about 5% at the moment and most Mutual Funds are returning a lot more than that).
At a Brokerage, you can chose from hundreds if not thousands of different Mutual Funds. |
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lizzgeorge
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When you have an IRA at Fidelity, you can invest only in Fidelity's mutual funds. If you hold an IRA at Vanguard, you can invest it in Vanguard's funds, but not Fidelity's or anyone else's.
If you have an IRA at a brokerage, you can buy individual stocks and ETFs in it. (Note: Vanguard and Fidelity and other firms and banks usually have brokerages as part of the company, so technically you can have an brokerage IRA through those companies, too).
So you should open the account where you can buy the type of investments you want--and where fees and commissions (at a brokerage) are minimized--usually the best bet is not at a bank. |
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ckm1956
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More options for investments at a lower price. |
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Skreet Smartz
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Best thing to compare between the two is their annual fees; similar fund performances; and different available fund options. Fidelity will have numerous funds of all types, your local bank likely will have fewer choices. |
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Remember Back
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I can only answer this based upon my decision and investigation. Some people may disagree. The brokerage houses, particularly the discount brokers provide more options and at a lower cost than the banks. Banks tend to think in terms of fixed income type assets, not equities, such as bonds, CD, money markets, or a narrow range of mutual funds. Brokerage houses give you all that but much much more.
Places like Ameritrade, TD Waterhouse, Scottrade, Etrade, Fidelity, etc. give you zero personal advise (or very little) but very competitive pricing. I like them over full service brokers or banks. Fidelity, depending on the amount of funds invested, can go either way; maybe other can also. I have used a couple of these above but recommend that you check them out for yourselves. Do you want a local office or all internet communications? Do you want advice or do you know how and what you want to do? Do you need research or do you do your own? These are all key. |
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SmittyJ
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I certainly wouldn't. My bank, Wells Fargo has a discount brokerage arm and I would advise others who do business with major banks with brokerage subsidiaries to compare the discount brokerage services offered by their bank with their current discount broker. In my case, because of my relationship holdings with the bank I receive 100 free trades per year (that's $0 for each trade and includes stocks as well as ETFs) on each of my 3 brokerage accounts (brokerage, rollover IRA, and roth IRA) no annual custodial fees, no banking fees whatsoever and one consolidated bank/brokerage statement....that's pretty tough to beat. As far as research goes I also receive free online S&P reports and all my banking and brokerage is done via one site which allows me to conveniently move funds between banking and brokerage and more efficiently manage my finances. How easy is it to qualify?....$25k is all you need and that is in aggregate between all brokerage accounts (standard and IRAs), banking, credit, and 10% of your mortgage. How easy is it to move your brokerage account to Wells Fargo Investments?...simply go online and fill out an application...submit it online along with the ACAT form...give them a call and fax a current brokerage statement for the account(s) you want to transfer...all done in less than 2 weeks. One last thing....because I am able to move funds easily between brokerage and banking online, I keep all my cash holdings on the brokerage side (not the bank side) in a money market fund currently earning 4.7%.....ETrade and TD Ameritrade are so blatently abusive to their customers that they pay less than 1% on customers cash holdings and they're a brokerage firm not a bank!....it's a total rip off.....go check out Wells Fargo. |
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