I'd be interested in seeing what some finance-types would suggest for alternatives to savings accounts, seeing as how interest rates are absurdly low.
Go with an intermediate term bond fund. Rather safe and pays a good coupon.
I'd be interested in seeing what some finance-types would suggest for alternatives to savings accounts, seeing as how interest rates are absurdly low.
I'd be interested in seeing what some finance-types would suggest for alternatives to savings accounts, seeing as how interest rates are absurdly low.
Lessons learned today.
Don't make rash investment decisions and make sure I'm investing a large enough amount of money to offset commissions.
I like to make sure I purchase enough of each position so that overall cost of buying and selling is 1% or less of the transaction. I use Fidelity which is $8 per trade so I always buy at least $1600 of whatever I am purchasing (I reduce this to $800 when I am dollar cost averaging a position in which I have conviction as I will sell the whole lot at once at the end keeping the costs to 1% overall). If I dont have enough conviction in something than to spend at least my minimums on it then I shouldnt be buying it anyway.
Thats from two weeks ago.
I was referencing this actually. I just sold three(wtf was I thinking) shares of some garbage stock today that I had bought 3 months ago.
I really appreciate your advice.
No problem. I learned a lot of my lessons the hard way so I try to help others avoid those same mistakes.
Lessons learned today.
Don't make rash investment decisions and make sure I'm investing a large enough amount of money to offset commissions.
im no expert but do pay attention to expense ratios and vanguard and fidelity seem to have the lowest. i personally have the vanguard s & p 500 index fund.
I just reopened my account. whats everybody buying.