Invest in the Future
I've always wanted to invest in the stock market, but never knew how -- so I did what I always do, online research! I have been researching the best way to lightly invest. I mainly looked into online brokers, like Charles Schwab, Scottrade, and TD Ameritrade. I discovered that fine print is very important. Some of the companies require balance minimums (of over $1,000), have fees for inactivity (if you do not make a trade in a month you get fined), and minimum share trades. I really wanted to find a simple way to invest a small amount, like around $300.
After a long search I landed on ING Direct's ShareBuilder.com. I have had a savings account at ING Direct for over 7 years and really trust the company. I was very happy to see that ING Direct had entered the investment world. I read every line of small print they had and found nothing I did not like. They have three account types, the base account has no monthly fee and no minimums (the other accounts with fees are for more advanced investors, providing more options).
The account I selected has $4 automatic trades and $10 real-time trades (each for buying and selling when the market is open) -- with no balance minimums, that's really fantastic! The site is also set up to help you make wise investments. It has a calculator to help you earn (or even set up an IRA/401K) by predicting what companies, bonds, mutual funds, and more, you should invest in based on your personal financial situation (you fill out a detailed questionnaire about your finances and future goals) -- a diversified portfolio customized just for you.
So, I'm sharing my information so you can invest in your future too. Also, until April 31, 2010, if you let me know you want to open an account I can use the "Tell a Friend Offer." As an award, if you transfer $200 to open the account (which you don't have to) you will get $50 free (some stipulations, you cannot withdraw it for 90 days) and I'll get $10 for bringing you on board.