Loading
Tap on the profile icon to edit
your financial details.

Eric Reed

Retirement and Investing Expert

Eric Reed is a freelance journalist who specializes in economics, policy and global issues, with substantial coverage of finance and personal finance. He has contributed to outlets including The Street, CNBC, Glassdoor and Consumer Reports. Eric’s work focuses on the human impact of abstract issues, emphasizing analytical journalism that helps readers more fully understand their world and their money. He has reported from more than a dozen countries, with datelines that include Sao Paolo, Brazil; Phnom Penh, Cambodia; and Athens, Greece. A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines.

Posts by Eric Reed:

by Eric Reed Feb 18, 2021

The disconnect between a stock’s share price and the company’s performance were writ large during the GameStop (GME) stock price surge at the end of January 2021. The combination of irrational exuberance and a concerted buy effort promoted on the WallStreetBets Reddit channel boosted the stock to astronomical heights untethered to more mundane fundamentals like price-t0-earnings ratio. But as day trading, technical analysis and retail investment apps like Robinhood explode onto the market, investors are increasingly making money off of the rules of how the stock market works rather than the actual strength of the underlying businesses. This may seem like a new phenomenon, but it is how the market has operated for decades. It’s just hitting the mainstream now. Ultimately, the metoric rise of GameStop’s stock and its subsequent humbling free-fall can be an object lesson in understanding how the stock market actually works and how it’s manipulated. In short, those boosting GME did so not… Read more

by Eric Reed Feb 09, 2021

TradeZero is one of an expanding number of trading platforms oriented around fast-action day trading. Unlike many of its competitors, this platform is built for the professionals. That isn’t a drawback, as day trading is a high-risk practice poorly suited to novice investors anyway. TradeZero is data rich, but asset limited. If you’re looking to get into high-volume equities trading this service may work fine for you, and it has a few interesting features, but there isn’t a particularly good reason to pick it out of the crowd. Read more

by Eric Reed Feb 09, 2021

Score Priority focuses its tools and features on active traders who are looking for real-time data, routing choices and sophisticated trading software. But at the time of the review, SmartAsset found that this trading platform offers relatively limited data, few assets and an overall stripped-down approach that will not benefit less active traders who are still learning and require additional tools and research to develop their investing strategies. Let’s break down the costs, services and features so that you can decide whether this is a good fit for your investing goals and needs. Read more

by Eric Reed Feb 09, 2021

NinjaTrader is one of the older online investing platforms on the market. Its primary feature is a truly vast degree of customization, allowing users to create bespoke charts and swap plugins to… Read more

by Eric Reed Feb 09, 2021

Zacks Trade offers a full service trading platform in a marketplace increasingly crowded by similar products. It has a few areas in which it stands out compared to other top-tier platforms, such as… Read more

by Eric Reed Feb 05, 2021

CenterPoint Securities is for the professionals, and they mean it. This trading platform specializes in day trading and in helping investors short stocks and options. If you do this for a living and… Read more

by Eric Reed Feb 03, 2021

For sophisticated investors, TD Ameritrade offers thinkorswim, a powerful set of investment tools oriented specifically at investors who make frequent or complex trades. If you aren’t looking for a… Read more

by Eric Reed Feb 03, 2021

Your brokerage should offer easy-yet-sophisticated tools to manage your money and, ideally, nothing else. It certainly should not remind you of a used car dealership or the desperate hustle of some… Read more

by Eric Reed Feb 03, 2021

Interactive Brokers is a full-featured investment platform that has traditionally been built for professional and institutional investors. Although in the past two years it has introduced a Lite… Read more

by Eric Reed Jan 26, 2021

There is not a good reason to use ChoiceTrade. This low-cost, feature-limited trading platform has been in business since 2000, and offers inexpensive options and stock trading. Unfortunately, for… Read more

by Eric Reed Feb 02, 2021

Investors who use TradeStation get a full-feature trading platform built with active and high-volume users in mind. It is not for newcomers or long-term, buy-and-hold investors. But if you are an… Read more

by Eric Reed Jan 23, 2021

Israel-based eToro is cryptocurrency trading platform. Unlike traditional investment platforms, it does not offer access to any form of standard financial products or assets. You cannot trade stocks,… Read more

by Eric Reed Jan 23, 2021

There’s a reason you may not have heard of SpeedTrader. This is a niche product in a niche market. SpeedTrader is an investment platform for day traders. This product is built for professionals. Its… Read more

by Eric Reed Jan 23, 2021

M1 Finance strikes a balance between the completely hands-off approach of a robo-advisor and the technical complexity of a full-service investment firm. It allows investors to build an investment… Read more

by Eric Reed Jan 23, 2021

Do not get paid to trade. Free money schemes are never your friend. In finance, as with most walks of life, the best tools are generally boring and don’t need such incentives to try a product.… Read more

by Eric Reed Jan 23, 2021

If you bank with Wells Fargo and keep a low-activity portfolio, WellsTrade might be a useful platform on which to trade stocks and other securities. Current clients can use the trading screen to see… Read more

by Eric Reed Jan 23, 2021

By now most mainstream trading platforms are free. Five years ago, offering low-cost trades helped a service stand out. You could accept the wrong fit on a platform in exchange for a free trade.… Read more

by Eric Reed Jan 22, 2021

Firstrade is an online trading platform that offers two portals, its primary brand, Firstrade, and a secondary brand called Firstrade Navigator. They are competitively priced, offer many types of… Read more

by Eric Reed Jan 14, 2021

Webull is an online trading platform that allows you to trade and invest commission-free. It bills itself as primarily organized around app-based trading, although as we will note below, Webull’s… Read more

by Eric Reed Jan 13, 2021

Robinhood and E*TRADE may be the two most important names in online trading. In many ways E*TRADE introduced the world to online investments, taking stocks and bonds from the world of corner offices… Read more

by Eric Reed Dec 29, 2020

Money makes money. It might not be fair, but it’s one of the oldest rules of investing. The more cash you have to put into your portfolio, the more choices and opportunities you have to grow those… Read more

by Eric Reed Dec 29, 2020

Wealthfront and Vanguard specialize in two different types of online trading platforms. While Vanguard offers a full-service trading platform, it specializes in mutual funds. Wealthfront, on the… Read more

by Eric Reed Feb 02, 2021

Investors looking for online investing platforms choose Charles Schwab or Robinhood for two very different experiences. With Charles Schwab you will get a full-featured investment platform, with all… Read more

by Eric Reed Feb 02, 2021

Charles Schwab and E*TRADE are two of the most popular investment platforms available today. Both are full-service products, meaning that they support most mainstream assets and research options.… Read more

by Eric Reed Dec 29, 2020

You would be hard pressed to find two more opposite trading platforms than Betterment and Robinhood. The former is a robo-advisor, about as hands-off as you can get while still making decisions about… Read more