TD Ameritrade investments
By Tina Lehman onA few years ago I had about $5,000 to invest, so a friend of mine convinced me to purchase stocks.I opened a TD Ameritrade (then called TD Waterhouse) account and purchased several stocks through them.
Simply for opening an account, I got three free trades (each worth $9.99) and $75 in cash (I think they offer $100 now). Because I had a friend who advised me as to which stocks to purchase, I did not need their advice and have never dealt directly with a broker to make investment decisions.
Having only $5k to invest made trading at $9.99 per transaction a bit expensive for me. But, I don't trade stocks much now, and they are just sitting there earning a modest profit. I also have money sitting in a savings account there.One thing I do like about this account is that there are no minimum fees or purchases you have to make and they never charge you an account maintenance fee.
Everything I do is online.Their website is very easy to access and navigate.I can always see my account activity and balance, and always have an electronic statement sent to me each month.
Last year I needed to sell some stocks and have the money sent to me relatively quickly.I had to wait 7 days before they sent out the check, which was not very convenient.But, had I known of this beforehand I would have been less upset.That has been my only bad experience with this company.
If you have a little money you would like to put in the stock market, I can recommend TD Ameritrade.
Investing in stocks is such a risk...saying that we are invested in them too but it still scares me. This was an interesting read.
I like it Frogdoc. We are with another big name online trading company. They do offer loads of perks but the site itself is a nightmare to navigate. I'll hop on over to Ameritrade and take a look.
I had not realized that TD Waterhouse changed into TD Ameritrade! My guy had used this when it was TD Waterhouse and he also chose this particular financial institution because of the fact that "there are no minimum fees or purchases you have to make and they never charge you an account maintenance fee." This was huge because he had another account someplace else and there were monthly fees if a minimum amount of trades were not performed per month, so for those like him that only do a trade every once in a while the fees eat up any benefits that the investments may have.
I keep hearing good things about this firm, and I am so tempted to give it a try. Thanks for the good info.
I've heard about this company...thanks for the information. My husband is planning on buying some stock shares in the next week or so.
This sounds like a good program-a selling point is that there are no fees on this!!!
I have seen a lot on these guys..and they give you a bonus to trade with them..cant beat that!
I have always been a little uneasy with buying stocks. I hate the thought of maybe losing money! LOL But it sounds like this company really works well for you. Maybe I will just check them out and start small.
Thanks for recommending TD Ameritrade. Sounds like a neat company that even give you bonus .
I have wondered how if this company measured up to their claims. When I have the money to invest, I will keep this company in mind. Thanks for sharing the information.