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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 Jan 23, 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 experienced investor who executes frequent trades or complex trades you should give this product a try. A financial advisor can help you decide what type of platform is best for your financial strategy and tactics as well as developing realistic financial goals. 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, bonds, funds or options. Although investors outside of the U.S. can use eToro to trade foreign currencies, which was the platform’s original product before it branched out into crypto, this feature is not available in the U.S.due to regulations around this marketplace. A financial advisor can give you sound advice about how cryptocurrencies might fit into your financial plans. 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 main features, such as its ability to shave seconds off a transaction, have virtually no value to the ordinary investor. If you aren’t a professional day trader, you can safely move on. If you are, however, this platform might be worth a look. Even if you aren’t a day trader but are curious about what that entails, a financial advisor can give you the proverbial lay of the land and explain how day trading might fit into your investing style. 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 Dec 29, 2020

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 Dec 29, 2020

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

by Eric Reed Dec 29, 2020

Betterment and Acorns are two of the most popular robo-advisors on the market. As robo-advisors, neither lets you directly invest money on your own. You can’t buy or sell any individual assets… Read more

by Eric Reed Dec 29, 2020

Let’s get down to the nuts and bolts: Charles Schwab and TD Ameritrade offer very similar online trading platforms. Both Schwab and Ameritrade offer full-service trading platforms that allow you to… Read more

by Eric Reed Dec 16, 2020

The choice between Betterment and Vanguard has more to do with your investment strategy than features offered by each product. Betterment is a robo-advisor service so users invest in a series of… Read more

by Eric Reed Dec 14, 2020

Vanguard and Charles Schwab have both made their names as retail firms that offer personal financial services and investment advice. While both continue to sell financial and investment management as… Read more

by Eric Reed Dec 21, 2020

Fidelity and Robinhood are about as different as two trading platforms can get. Fidelity is a full-service brokerage firm. You can trade most securities through its platform, either on your own or… Read more

by Eric Reed Dec 03, 2020

E*TRADE arguably ushered in the modern era of online finance. Although far from the only option on the market, it established itself as the brand name for web-based trading in the late ’90s and early… Read more

by Eric Reed Dec 03, 2020

As investing platforms, Charles Schwab and Fidelity make for a very apples-to-apples comparison. Both are long-standing brokerage houses with a history of financial management, personal advising and… Read more

by Eric Reed Dec 02, 2020

TD Ameritrade and Fidelity are two of the most popular full-service trading platforms on the internet. Ultimately between these two giants, there are relatively few points of true distinction. If you… Read more

by Eric Reed Dec 21, 2020

Comparing TD Ameritrade and Robinhood is a little bit of an exercise in apples-to-oranges. TD Ameritrade is a full-service brokerage firm offering storefront advising, online and app-based trading… Read more

by Eric Reed Dec 21, 2020

Acorns and Robinhood are online investment tools both geared toward younger, newer investors, but they are still quite distinct. Acorns is a robo-advisor tool that helps people invest by… Read more