Tag Archives for schwab.
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If you’re paying fees to access your own money, it’s time to dump your stupid bank.
Do it now do it now DO IT NOW. If you pay $10 a month for not carrying a minimum balance, $2 to request a balance, or ATM fees when you need to withdraw money, vote with your feet. Get. Out. NOW.
Nope nope nope
I’ll share bank accounts that are completely FREE to have and use with NO minimum. Oh, and you don’t need a physical branch.
Update 8/3/18: Fidelity now has the cheapest fees and NO minimums to start investing. Check out my full write-up!
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A couple weeks ago, I wrote about Acorns, an app I think is a great place to get started with investing (especially for millennials). Talking about investing is dicey. For one, because it’s personal (duh). For that reason, everyone has an opinion on it. And that’s where the confusion starts.
My view is: it doesn’t matter where you begin, so long as you do. You can always switch things around later. To that end, I feel Acorns has the most approachable interface for a beginner “despite” costing $1 a month. And there’s no minimum to start investing.
The best time to plant a tree was 20 years ago. The second best time is RIGHT THIS SECOND. Start NOW!
That said, it’s an app and doesn’t let you choose your own funds (you pick from their portfolios). Same with Stash, Wealthsimple, and Betterment. Of course, you’ll get the best deal with a self-directed account – but the minimums are dauntingly high for a beginner, with the exception of TD Ameritrade.
I’ll compare these companies for expenses, account and fund minimums, and quirky extras:
I am focusing on IRAs here – although they all have the option to simply be an investment account (which is why I excluded Robinhood – they do NOT have IRAs).
Hello and welcome to Out and Out! My name is Harlan – I’m a points and miles enthusiast who loves to travel. I am interested in personal finance, the power of positive thinking, and the extraordinary journeys that make life worth living.