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.
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 all of their finances, banking and investments alike, in one place. Investors who do relatively few trades might find this particularly useful. For other investors, WellsTrade probably isn’t the best tool on the market. Its research options are limited, and it lacks some asset classes that will appeal to more sophisticated investors. Pound for pound, such investors can probably do better. It may behoove those seeking hands-on guidance to enlist the services of a trusted financial advisor. Read more
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. Today no-commission trading is a standard pitch offered by even the full-featured platforms. This has left Lightspeed somewhat behind in the retail market. Despite advertising itself as “low cost stock and options trading.” Lightspeed still charges trading commissions. At the same time it offers a set of highly specific tools that can benefit extremely active (read: fast) traders. Between the two, you have a system which is only particularly useful to traders who want to make high-volume, high-speed transactions, and which charges for each of these (ideally numerous) trades. If you are a professional trader making some real money off of this system, it may work well for you. The benefits of Lightspeed’s tools may outweigh the costs of using it. For a retail investor, you will probably do… Read more
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 securities, including mutual funds, give users the ability to engage in sophisticated types of trading and provide high-caliber research material. However, the website’s design leaves something to be desired, a weakness apparent as soon as you open this product and continues as you click past its homepage. Keep in mind that a financial advisor can help you create a solid investing plan and set of goals, and that, in turn, will be useful as you decide on which platform to do your investing. Read more
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
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
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