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Old 03-18-2004, 04:45 PM   #1
RedShoe
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what's a good financial institution?

I jumped on the etrade bandwagon. What a fucking joke.

Who do you go with and why? They were good. But lately they have been pulling some sneaky bullshit. I definitely want to keep investing and keep all our money in our IRA's and investment accounts. I just need a new place to keep all this shit.
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Old 03-18-2004, 04:56 PM   #2
SetTheWorldonFire
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a safe and some envelopes
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Old 03-18-2004, 04:58 PM   #3
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I ditched ETrade also... I'm thinking Scottrade, but not sure yet
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Old 03-18-2004, 04:59 PM   #4
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Check out Scottrade
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Old 03-18-2004, 05:01 PM   #5
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Quote:
Originally posted by SetTheWorldonFire
a safe and some envelopes
that's non-interest bearing.

Did you know that if YOU (STWOF) put 100.00 a month into a mutual fund (12% which is totally doable) that by the time you were 65 you'd have 1 MILLION dollars.

That's a very nice safety net just in case this porn stuff doesn't work out.

You have the advantage of time being on your side.

Check this out. If you wait just 10 years and start when you are 35, you'd only have 300,000 saved by 65. A loss of 700,000 just because you didn't realize that time was on your side.
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Old 03-18-2004, 05:02 PM   #6
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Old 03-18-2004, 05:10 PM   #7
SetTheWorldonFire
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Quote:
Originally posted by RedShoe


that's non-interest bearing.

Did you know that if YOU (STWOF) put 100.00 a month into a mutual fund (12% which is totally doable) that by the time you were 65 you'd have 1 MILLION dollars.

That's a very nice safety net just in case this porn stuff doesn't work out.

You have the advantage of time being on your side.

Check this out. If you wait just 10 years and start when you are 35, you'd only have 300,000 saved by 65. A loss of 700,000 just because you didn't realize that time was on your side.
Good, I'll start today. Where do I put my money?
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Old 03-18-2004, 06:05 PM   #8
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Quote:
Originally posted by RedShoe


that's non-interest bearing.

Did you know that if YOU (STWOF) put 100.00 a month into a mutual fund (12% which is totally doable) that by the time you were 65 you'd have 1 MILLION dollars.

That's a very nice safety net just in case this porn stuff doesn't work out.

You have the advantage of time being on your side.

Check this out. If you wait just 10 years and start when you are 35, you'd only have 300,000 saved by 65. A loss of 700,000 just because you didn't realize that time was on your side.
Really?

I thought most Mutual funds perform worse than the stock market index.

Anyway, I put my money with ING. their interest is higher and no risk. My heart is too weak to invest in stocks now...
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Old 03-18-2004, 06:59 PM   #9
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Quote:
Originally posted by SetTheWorldonFire
a safe and some envelopes
hehe
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Old 03-18-2004, 07:01 PM   #10
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Quote:
Originally posted by SetTheWorldonFire
a safe and some envelopes
Yep
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Old 03-18-2004, 08:04 PM   #11
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A good financial institution is a bank.


But since I think you are referring to discount brokerages, go with Ameritrade. Or buyandhold.com if you're dooing DRIP investing.
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Old 03-18-2004, 08:19 PM   #12
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Originally posted by SetTheWorldonFire
Good, I'll start today. Where do I put my money?
http://screen.morningstar.com/etf/Li...llLgGrwth.html

Pick one or a few and do it.

"More is lost in indicision, than the wrong dicision"
The wrong dicision being not investing at all.
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Old 03-18-2004, 08:22 PM   #13
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Quote:
Originally posted by RedShoe


http://screen.morningstar.com/etf/Li...llLgGrwth.html

Pick one or a few and do it.

"More is lost in indicision, than the wrong dicision"
The wrong dicision being not investing at all.
Personally I would advise a new investor to stay away from those types of stcks. 95% of the stocks in that list trade under 1,000,000 shares a day, and will be extremely volitile.
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Old 03-18-2004, 08:40 PM   #14
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Originally posted by TheSmutPeddlerDOTcom


Personally I would advise a new investor to stay away from those types of stcks. 95% of the stocks in that list trade under 1,000,000 shares a day, and will be extremely volitile.
Really? Yeah me to. Since they're not stocks.
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Old 03-18-2004, 08:56 PM   #15
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Mutual funds can have yields that are better or worse then stocks, it's just simply another vehicle of investment

Quote:
Originally posted by hyatla


Really?

I thought most Mutual funds perform worse than the stock market index.

Anyway, I put my money with ING. their interest is higher and no risk. My heart is too weak to invest in stocks now...
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Old 03-18-2004, 09:01 PM   #16
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Really? Yeah me to. Since they're not stocks.
Ah, I didn't read anything except the volume. That would explain a lot.
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Old 03-18-2004, 09:02 PM   #17
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I keep my savings in Canadian Tire money....

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