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#1
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Site to buy ETFs at
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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Re: Site to buy ETFs at
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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Re: Site to buy ETFs at
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#4
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Re: Site to buy ETFs at
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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Re: Site to buy ETFs at
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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Re: Site to buy ETFs at
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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Re: Site to buy ETFs at
[ 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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Re: Site to buy ETFs at
[ 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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Re: Site to buy ETFs at
[ 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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Re: Site to buy ETFs at
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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