Quote:
Originally Posted by GregWeld
This has been covered here many times --- and there's really no right answer except to use a "discount broker". Brokerage fees can, and do, affect your returns... so you want to keep those costs low.
Personally I use several - but for different reasons. Some investments I need help with - some I don't. For me personally - I don't want to have too much at any one company - so I spread it around to reduce risk.
But the point is - if you're comfortable with the website - and or just like a particular company - then go with that one. Investing is more about putting money away - INVESTING (not gambling) and reaping the rewards over time.
When you feel you have some time -- go to page one and start reading... it will help you overall and that's what this thread has tried to be about. Not WHAT to do but WHAT TO THINK ABOUT AND WHY....
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I do realize that my question was kind of like "What's the best shade of blue?" haha.
That is really smart though, putting your money across multiple channels. For me personally, I have a house and its currently being rented out. For the last two years, that has been my "retirement" fund. I'd actually like to get more houses and rent them out, as I like tangible assets.
On top of that, I've been focusing on becoming debt free. I'm getting close to that(minus the mortgage payments). Now that I have some extra money available, I'd like to start investing some of that into some sort of Roth IRA.
I'll have to start reading all these pages and teaching myself.