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Best investing company?

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Money Talk > Investing, Stocks and Bonds

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global
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Best investing company?  Reply with quote  

What is the best website for investing. Like if I put all my money on E-trade in certain stocks and say E-trade goes out of business am I screwed? Can I get my money out if this happens?
Post Tue Feb 02, 2016 6:17 am
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oldguy
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quote:
Can I get my money out if this happens?


Yes - - e-trade is just the 'bank' tha holds your money for you. When they go bk and close, that only affects the bank's money, ie the building, the payroll, their utilities - the money that they are holding in trust is unaffected, theoretically - of course if they are crooks and robbed their own bank as they left, you might lose some.
BTW, e-trade is a pricey way to invest, try one of the 'majors' - fidelity, vanguard, schwab, trprice.
Post Tue Feb 02, 2016 1:31 pm
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global
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Out of the ones you listed which of these would you say is the simplest one to use in terms of easy. So far I like fidelity, because of the green pyramid logo that looks like Illuminati. Very Happy
Post Thu Feb 04, 2016 7:08 am
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oldguy
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So far I like fidelity


I don't think that there is a nickels worth of difference - they are direct competitors, if there were significant differences the low performer wold have gone out of business by now.
Post Thu Feb 04, 2016 4:59 pm
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global
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Okay, so I opened a brokerage account. Am I tossing money down the drain by not opening an IRA account as well. Can I have 2 accounts?
Post Sun Feb 07, 2016 12:30 pm
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oldguy
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Am I tossing money down the drain by not opening an IRA account as well. Can I have 2 accounts?


Depends on your life-status. If you are a student you don't need tax relief. OTOH - if you are young, single, earning $100,000 - then taxes are killing you, so you need the tax benefits of an IRA or a 401k. Most 401k plans also contribute a 'match' (free money), eg if you invest the allowed $18,000/yr, your company might contribute another $5000 - ie, a total of $23,000/yr - and your out-of-pocket cost is only about $13,000/yr. That's an especially good deal - $13k in, $23k added to your account ea year. Invested at 11%/yr, that's over $5M in 30 yrs.
Post Sun Feb 07, 2016 3:46 pm
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SophieB
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Hi, I know what kind of experience you had I have been there as well. It is so hard today to look for the best broker that will actually fit your taste, however you can take a look with this Forex Broker Reviews you can check those brokers. As for me, I found the itrader.com which suits me.
Post Thu Jun 29, 2017 12:43 am
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Rahimlakhany
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Well, I am not exactly answering question like you might wish to hear, but I am just talking about the thing you said. I believe as of present, it’s best to invest in Forex under properly regulated company (usually ASIC/FCA), as that’s most secure and allows you to work confidently and with ease too.
Post Fri Jul 14, 2017 8:04 pm
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