How Do You Choose an Online Broker?
May 18, 2010
Choosing an online discount broker isn’t a simple task if you’re anything like me. There are many companies to choose from, each of which has different strengths and weaknesses and you want to be sure to choose the best one for you. Just like picking a bank, insurance company, mortagage lender, or other financial service company [...]
TradeKing Promotion for New Accounts
May 13, 2010
TradeKing Bonus – $50 TradeKing promotions like this latest $50 referral bonus help explain why the number of investors opening a TradeKing account grew by about 50% last year. According to the online brokerage, many of these people were new to self directed investing so they’ve focused heavily on education and training for new investors. The current promotion gives [...]
IRA or Roth IRA for Your Retirement Plan?
April 26, 2010
IRA vs Roth IRA was the question for many people opening up a retirement account right before the tax deadline this month so I thought we’d re-visit it for people looking to make an ira contribution. Here are some of the major differences between a traditional IRA and a Roth IRA. Tax Deferred Contributions vs [...]
Automatic 401k Contributions for Retirement
April 23, 2010
Increasing your 401k contributions every year is a great way to grow your retirement plan. You probably don’t need a retirement calculator to tell you that your 401k plan will reach your retirement savings goals much faster if you put in more money each year. BUT, knowing that you need to increase your annual investments doesn’t make it [...]
Smart Ways to Invest Your Tax Refund
April 21, 2010
Investing Your Tax Refund What are you going to do with your tax refund? One option would be to spend it but if you’d like to hang onto that money for a while, Investopedia came up with a list of smart ways to invest your refund. They start off with some of the most secure [...]
New Roth IRA Rules
February 1, 2010
The Roth IRA was introduced as a retirement investment option back in 2007. The New Year, 2010, has brought changes to the Roth IRA rules that are making this retirement investment vehicle better for some investors than ever before. In order to fully understand how a Roth IRA can be more beneficial than a traditional [...]
9 Mistakes People Make with their IRA
January 29, 2010
People make a lot of mistakes when it comes to IRA and 401(k)-related decisions. And I can’t blame them. The tax code is obscenely complex. That said, there’s no need for you to make these mistakes. 1. Converting to a Roth when it makes no sense Just because you can convert your traditional IRA to [...]
Starting an Investment Club
December 23, 2009
Starting an investment club is an option if you rule out joining an investment club based on clubs whose investment strategies or investing goals are incompatible with your own. Of course starting an investment club is no small task, there are a whole checklist of things necessary to start one up. Here are some of [...]
Investment Club Mentors
December 22, 2009
One of the investment club benefits we covered last time was learning from other people in your club. Some investment clubs will assign newcomers a mentor to help them get comfortable with general investing concepts and how the club works. The leadership of the investment club are typically the ones who are most involved and [...]
Investment Club Benefits
December 21, 2009
Investment clubs, like anything in the world of investing, require due diligence before deciding whether they’re right for you. We’ve taken a look at some investment club tips for your personal situation and covered things to consider when joining an investment club. Although there are things to watch out for with investment clubs, there are certainly benefits to [...]
