I’ve always wanted something to supplement my 401k because we all know that having just a 401k is not cutting it these days. Just something else to fall back on and having that somthinge else is a lot better than nothing at all.
At first I was kinda hesitant about opening an account because I’m wasn’t sure about what I’m going to do with it and what I will invest in. It all seems a little daunting at first but it gets easier as the day goes by and Scottrade makes it simple for you.
One thing I especially like about Scottrade is their customer service live chat support, there is always somebody there no matter what time of day it is and I just love that because If I needed some technical support, they will be there.
Here are some features of what they have to offer:
- $7 each trade.(Stocks and ETFs)
- $0 Minimum to open an account. (I know it says $500 on the website BUT it’s not mandatory)
- Mutual Funds
- Top notch trading tools
- Funds can be transferred from your checking account instantly. (Yes, INSTANTLY)
- There are more than 400 local branches nationwide providing you their personal guidance
- No maintenance fees
- No hidden charges
Once you’re ready to invest, this is the brokerage I highly recommend. That’s because I use it, I wouldn’t recommend something I don’t use.
Opening an account here takes around 10-15 minutes, once you’re done; you’re required to fax in two documents that they will need you to sign. I was able to start trading after a day or two because once you open the account; you have to link it to your checking account via ACH which would take a day or two. Once the linking completes, you’re able to transfer instantly every time you want to invest.