SIGN UP TO RECEIVE THE LATEST POSTS VIA EMAIL!Free Trades at Fidelity with Rollover
May 12, 2008
Until July 31st, Fidelity is offering free trades when you rollover an IRA or 401k with at least $25,000 in value.
Here are the details:
| Value of Rollover | # of Trades | Trades Expire | ||
| $25,000 - $99,999 | 60 free trades | 6 months from day assets received | ||
| $100,000 or more | 100 free trades | 12 months from day assets received |
Sign up and check out further details on Fidelity’s Offer Page
This is a great deal if you have any money sitting in an old employer’s 401k or another IRA. Especially since there are no maintenance fees on Fidelity Rollover IRA’s. Plus once the free trades run out, buying and selling Fidelity’s branded mutual funds are always free!
I come from the school of thinking where I like all my money in one place. It is easier to manage and act accordingly if you need to make changes.
I definitely recommend Fidelity as I have a 401k with my employer, ROTH IRA, Rollover IRA, Brokerage Account and Checking account with them. Customer service has always been professional and I like the availability of purchasing many different types of securities, including CD’s for free, from them as well.
I do have a brokerage account with Sharebuilder, but I only use that for fractional share investing. All my real money goes into Fidelity as I have had nothing but great service from them thus far.
$100 Bonus from optionsXpress Extended
May 2, 2008
UPDATE: This Offer Has Been Extended Through 5/31/08
optionsXpress, an online stock and options brokerage, is offering a free $100 when opening a new account. You must deposit a minimum of $500 by 3/31 5/31 when the promo expires. You will receive the $100 bonus in your account on or before April 10, 2008 June 10, 2008
I have never used these guys so I can’t comment on service. And although they don’t have the lowest commisions of places like Tradeking.com or Firstrade.com, earning 20% on that $500 in a few weeks isn’t too shabby!!
Since they exetended the promo I have decided to sign up. Hey I can’t pass on a 20% bonus!!
Another $50 Free From Sharebuilder
April 29, 2008
Sharebuilder (now owned by INGDirect) has another $50 promo available for signing up for a new account. You need to deposit money into your account and make a stock purchase to get the $50 bonus.
To sign up for the promotion, go to the Sharebuilder Application Page and check the box “I’m responding to a Promotion”. In the “Promotion Code” box, enter the following code: 50GO28
After you purchase your first stock the $50 bonus should be paid out in 4-6 weeks.
I personally use Sharebuilder. I mainly use it for a long term investing account. I buy partial shares of 10 ETF’s four times a week. My goal with this account is to dollar cost average while the market is correcting itself. I just set this and forget it. I consider this nest egg fund to use later, possible for kid’s college education. Their setup makes it very easy to invest and not have to think about it. I definetly recommend it if you are just a begining investor!!
Investments Tanking? Then Buy More!
March 5, 2008
Do you check your 401lk or investment account everyday watching your hard earned dollars disappearing? Well stop. That can be the worst thing to do as it causes you to make rash decisions and you end up selling low. Let me tell you I used to do that and then the next day things would go up again and I would fell like an idiot since I was impatient. Since then, I have become a bit smarter. When my investments start falling, I start buying.
If you are investing for the long term, now is the time to buy. The whole idea is that you are dollar cost averaging over time. Let me give you an example of this. Say you buy 100 Shares of particular stock at $50. Your total investment was $5000 (I am excluding commision prices to make this simplier). Now say that stock drops to $25. Your current value is $2500 with a loss of $2500. You could sell now and take the loss, or you could buy more. Say you buy another 100 shares at $25. Now you have 200 shares, but your cost basis is $37.50. (($50 + $25) / 2) So if the stock starts rising to $37.50 you are now break even. The stock doesn’t need to make it to $50 for you to zero out your loss.
You can see that if you start buying a stock when it is low your cost basis lowers and your possible losses don’t look that meager anymore. The way I do this is by using Sharebuilder.com. Sharebuilder lets you buy stock on a schedule, without you having to do anything after your initial setup. Currently I have Sharebuilder by 5 different stocks a week with a $100 weekly investment. So every week I buy $20 worth of each stock. You can see that over time as the stock price fluctuates I am averaging my cost basis. And when the stocks fall, I am buying up quite a bit at a lower price in hopes of making a large profit when the markets start heading upwards. The nice thing about Sharebuilder is that it buys partial shares. So when I invest $20 on a $60 stock, Sharebuilder buys me .333 of the stock. This helps when you are buying shares of expensive stocks as you don’t need to save up to buy full shares.
If you are wanting to invest for the future and are not concerned with the ups and downs of the current market, my suggesstion is trying something like Sharebuilder.com or a simliar brokerage where you can start building that nest egg while capitalizing on a down market!
Free Suze Orman eBook Download
February 14, 2008
In honor of Suze Orman being on the Oprah Show yesterday, Oprah is letting you down load Suze Orman’s Women & Money: Owning the Power to Control Your Destiny
The free download is only available until 8PM Eastern on Febuary 14th, so be sure to get it now. The link to the eBook download can be found HERE!
New $50 ShareBuilder Bonus
January 19, 2008
Since ING Direct (Account Bonus) acquired ShareBuilder, I thought you would see the usual $50 new account bonus go away, or at least get smaller. Well that is not the case, they just started a new $50 bonus for new accounts. You do need to invest at least $50. The $50 bonus will be paid out roughly 4 weeks after you have invested $50. Offer expires 3/31/08.
With the market in the crapper, there isn’t a better time to start investing. Get in low and watch it ride high!!
