What is the best company to start up a self directed IRA and invest in individual stocks? I am...
currently looking at e trade but... have not yet comitted.
Good question. This is a very complex questions. You will need to consider various things such as type of trading (ETF, stock,option), commission fees, IRA fees, inactivity fee and more.
About etrade, Etrade might not be my first choice for IRA. It has one of the highest commission fee for trading ($9.99 per trade). There is also a hidden inactivity fees of $25 per quarter after 12 months (if you don't meet certain criteria).
My first choice is probably OptionsHouse. It doesn't charge any IRA fees. IRA Closing fee is only $20. Its research resource is not the best, but I wouldn't worry about this if you have other resources to tap to such as other brokerage or online news etc.
However if you trade only ETF, please consider several free commission ETF companies such as Fidelity, Schwab, Vanguard.
Please also check my other hubs about brokerage. I also review various brokerage companies individually.
Hope this help.
http://hubpages.com/hub/Top-10-Cheapest … count-more
by Zara Rasul 3 years ago
Is it possible to invest as little as $20 in the stock market?How does one invest a small amount regularly in the US stock market? What is the best way to do this?
by famdw 7 years ago
Are you able to recommend an online brokerage company?
by thecollecktor 7 years ago
It is my intent to discover the formula for investing in penny stocks that goes beyond the hype currently being used. What criteria do you use?
by John B Badd 7 years ago
What is the highest percentage of your income you should invest in your companies 401k? Should...you invest an additional percentage elsewhere and if so what would you invest in?
by AbFreak101 5 years ago
If you had $1000 what would you do with it to make money off of it every month?
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|