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#1
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Is there a consensus one which site/sites are good for buying ETFs? I'm almost positive there's no difference between buy them and stocks so a good stock site would work as well. If there's not a consensus, can someone point to some sites or a thread about this (I couldn't find one with the search option).
Also, I already have a Vanguard account, can/should I just buy them through there so I don't have to bother with another site? |
#2
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for vanguard etf's sure, otherwise check out some of the discount brokers, zecoo, firstrade, scottrade etc.
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#3
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#4
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mtgordon, be sure to check the buying and selling cost.
I remember signing up with sharebuilder when I turned 18 because they had like $4 trades (buys). Later I found out the only way to sell was with a $15 market order. lesson learned. |
#5
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In my opinion, the differences between discount brokerages are not all that significant. Saving $2 per trade may not be very much money when compared to the returns of your portfolio.
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#6
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I'm planning on using Vanguard ETFs so I think I'll stick with Vanguard to simplify things a bit (since I have my IRA there). If this seems like throwing my money away please object.
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#7
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[ QUOTE ]
In my opinion, the differences between discount brokerages are not all that significant. Saving $2 per trade may not be very much money when compared to the returns of your portfolio. [/ QUOTE ] Depends on the size of your portfolio. A dozen ETFs at $10 a trade is $120. In a $12k portfolio that is a 1% hit to return. It all depends on trade frequency and the portfolio size. Zecco works for me. |
#8
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[ QUOTE ]
www.zecco.com [/ QUOTE ] whats the catch with this site? it says 40 trades a month for free, whats the deal? |
#9
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[ QUOTE ]
[ QUOTE ] www.zecco.com [/ QUOTE ] whats the catch with this site? it says 40 trades a month for free, whats the deal? [/ QUOTE ] They say a trades real cost is only a couple bucks or so and that they intend to generate business using other methods - advertising and such. They are insured, which is the important part. |
#10
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There was an article in Fortune this month about cheap online brokers, such as Zecco. They said Zecco makes money off of interest on cash balances, options fees, etc...
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