SIGN UP TO RECEIVE THE LATEST POSTS VIA EMAIL!OptionsHouse Brokerage – $2.95 Commision on Stocks
June 29, 2009
This morning, in my everquest to find a cheaper discount broker, I stumbled upon another online brokerage called OptionsHouse Brokerage and noticed that they have a commission of only $2.95 on stock purchases. After reviewing this, this is not an OptionsHouse promo. This is the standard commission and there is no limit on the number of shares you can buy for 2.95!!! For those of you that want to invest a little money over a time, a $3 commission can really lower the percentage of each purchase you make.
After looking into this a little deeper, I also noticed that their commisions on options is great since they don’t charge you per contract. Most brokerages charge you a trade commission as well as a per contract fee. If you are a big options trader this could add up to huge cost savings.
OptionsHouse Brokerage does not charge any monthly maintenance fees or has any minimum balance to worry about. They even will reimburse you up to $100 on transfer fees when you transfer your account from another brokerage to OptionsHouse.
OptionsHouse is a member of SIPC, which will cover customers of its members up to $500,000 of which $100,000 can be cash. Also they maintain SIPC Insurance over all customer accounts, so you can be sure your money is safe with them.
I don’t not have an account with these guys, but will be openeing one shortly. I will post about the process once I have a chance to sign up. If you are a beginning trader and don’t have a lot of money to invest, OptionsHouse brokerage may be a good fit, with no fees and lower commissions it will allow you to invest more money with a lower overall cost.
Check out OptionsHouse’s Web Site for more details.
100 Free Trades from ETRADE IRA
February 26, 2009
If you are like me you have a few 401k retirement accounts sitting around at various employers. Well Now might be the time to consolidate them to a fee free ETRADE IRA.
ETRADE is offering 100 free trades when you rollover your 401k to a new ETRADE IRA account. Your IRA account will be credited up to $12.99 per stock or options trade within eight weeks of qualifying (excluding options contract fees). Accounts must be opened by 12/31/2009 to qualify for this offer.
ETRADE’s IRA does not have any fees other than the usual commissions for stock and option trading. So if you are looking to get those 401k’s into one place, this could be an option for you.
I can’t comment on the ETRADE IRA since I do not have one, but I have a High Yield Savings Account with them and have never had any concerns with their service. I really need to consolidate my 401ks as I have 3 out there and one of the companies is near bankrupcy which causes all sorts of problems trying to get your money out.
More details on the Fee Free ETRADE IRA.
Tradeking Promo – $150 in Transfer Fees Refunded
February 18, 2009
There is a new Tradeking Promo that is offering up to $150 to cover the fees of transfering your account from your current broker to try out their service. Follow this link for the promo details: Switch to TradeKing and get up to $150 in transfer fees reimbursed. (There is no specific Tradeking Promo Code required if you click through that link)
I transfered my account into Tradeking from TD Ameritrade and haven’t looked back since. Unfortunetly they weren’t covering the transfer fees at that time, but it was still worth it to me.
Their account transfer process is very simple. All I needed to do was open a new account, complete the transform and fax it in. My account was transfered in less than a week. To get your account transfer fees refunded, faxing a copy of your account statement with proof of the transfer charge to 561.988.0131. The credit will be deposited to your account within 30 days of receipt of evidence of charge. Very easy!
From an over all service standpoint, please read see my Tradeking Review. Like I have said in earlier posts I have been very happy with Tradeking and the services they offer. I am in no way a day trader, but for what I need, they can do.
They’ve got one of the lowest fee schedules in the business, so if you are itching to get in and buy in a down market, now is the time. And with up to $150 in transfer fees refuneded, this makes it that much easier to switch.
UPDATE 3/22/09: There is no expiration on this promo, but as soon as it is no longer available I will update the post.
Switch to TradeKing and get up to $150 in transfer fees reimbursed.
Free $25 from Costco American Express
February 2, 2009
Get a $25 statement credit after your first purchase using the True Earnings Costco Card from American Express.
The True Earnings Costo American Express is a cash rebate card which also will act as your Costo Membership Card. Remember that Costco only accepts American Express credit cards, so this one will allow you to shop with it and earn cash back on Costco purchases.
In order to qualify for the $25 statement credit, the purchase must be made within the first three months of Cardmembership. Allow 8 to 12 weeks after your fist purchase for the statement credit to appear in your card statement.
Other Benefits of the card:
ETRADE Promo $25 From Complete Savings Account
January 29, 2009
The $25 ETRADE new account bonus for it’s Complete Savings Account is back again. All you need to do is open a ETRADE Complete Savings Account and fund it with at least $1.
Within 30 days of funding the account $25 will be credited to your Complete Savings Account. This deal is good through Febuary 25th 2009.
Bouns Details and Account Sign up Page
Currnetly the APY for ETRADE’s Complete Savings Account is 3.01%. This is a respectable interest rate for your savings if you need a place to park your money.
I opened this account during a previous Etrade promo. I received the $25 as they described I would. I still use this account today for the high interest rate and ease of moving money in and out with their automated ACH transfer system.
No Fee Balance Transfer Credit Card
January 19, 2009
You thought those no fee balance transfer cards were extinct right? Well I was able to locate one after spending hours tying to find a place to move $5000 that is on a Citibank 0% balance transfer that is about to expire.
Simmons First Bank is offering a new credit card that gives you a balance transfer of 0% for six months with no fee. After the six months the rate goes up to a respectable 8.95%, which is the standard interest rate on the card.
Some other benefits of this card are:
- No annaul fee on this card
- Travel Rewards program – earn 1 point per dollar on all purchases. The cardholder has their choice of any U.S. based airline, no black out dates, choice of ticket class, and no seating restrictions. Other travel related options are hotels, cruises, vacation packages, car rental, and restaurants
- Car Rental Insurance
- Travel Insurance
See the card details page for more information.
This has to be the last card I can find that offers a balance transfer with no fee. All other cards have at least a minimum 3% fee and many have no cap on that fee. I am definetly jumping in this to get another 6 months at 0%!
