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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Thursday, October 12, 2006

Online Investing

When it comes to online investing there are many options for you. You need to look into which ones has the best fee schedule compared to your needs. Be careful for custodial fees, larger trading fees for retirment accounts, paper statement charges, minimum balances, and high fees for trading other than typical stocks.

As always you need to do your homework because you do not want to get nickeled and dimes to death and there are many stories of that happening. Just make a list of questions and call their 800 number and get the answers straight from the horses mouth. There are sites online that will compare them as well and I am sure Consumer Reports rates them.

Sharebuilder , TD Ameritrade, Scottrade are some options to consider while
E*TRADE seems to be the worst culprit when it comes to hidden fees so try to avoid them.

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