When you day trade, you are only as good as your trading software. How it executes trades, helps you research and provides breaking alerts means a lot to your daily and monthly bottom lines. Ameritrade is an online trading platform that many traders use every day. Every kind of trader from an institutional investor to day traders. How it works for day traders gets mixed reviews. The platform is excellent for beginners and the research elements are top-notch, but the bottom line comes down to commissions. Their per-trade commissions are very high compared to other platforms. Which makes it problematic for day traders that trade often and … [Read more...]
A Look At Trading Techniques
How do investors implement trading techniques to generate profits and manage risk at the same time? It is a delicate balancing act. Trading strategies hinge on the ability to pick the right stocks to trade. But, eually as important is the ability to prevent big losses and hold onto as much profit as you can. You do that with proper risk management. Trading With Cash Versus On Margin When you get out into the market, you can either trade with the cash you have on hand, or basically trade with credit. Trading with borrowed money is a bit risky, but the rewards can be great, provided that you manage the risk properly. One way to do is to … [Read more...]
How You Can Easily Boost Your Retirement Savings
Boosting your retirement savings isn't as hard as you might think. When you have the right people behind you helping you choose the right options for investing your money. Many people are inspired to set goals before they reach retirement age so they can enjoy their pension years to the upmost best. Maybe you have kids and grandkids who could benefit from some extra cash, or maybe you want to use up your time and go on those holidays you never had the time for? Whichever reasoning you have for wanting to boost your retirement funds, you can do use investing to do so with ease, regardless of experience. Online (and offline) trading … [Read more...]
What Are My 401k Investment Options and Choices?
So you start your 401k plan with your employer – now what? One of the first things to happen is that you probably receive a packet of all the different 401k investment options for you to choose from. What does all of it mean? If you’re new to investing or not sure what to do, how can we make sense of all the choices and know what the right ones are to pick? … [Read more...]
Reasons To Diversify Your Investments With Online Trading
When it comes to saving for retirement, tax-sheltered retirement tools like a 401(k) and IRA can be great for building up your savings more quickly. But you don't want to under-estimate your taxable savings tools as well. Although you don't get the same tax breaks, regular taxable investments can be accessed at any time without fear of penalty if you're under age 59-1/2. If you have any plans to retire early, this can be a great resource. To give you a good example, Robert and Robin Charlton from the How to Retire Early ebook had almost a third of their nest egg in taxable accounts for this very reason. Fortunately, in today's age, you … [Read more...]
What Are the Absolute Best Retirement Investment Options for My Savings?
Planning and saving for retirement is not always as straight of a path as the experts make it out to be. There can be a lot of complex decisions regarding which ones will grow more, which plan has the better tax advantages, and when you’ll actually be able to access your money without penalty. For someone just starting out can make picking from the right retirement investment options a pretty difficult task. Fortunately you don’t have to be exotic with your investment style in order to build up a sizeable retirement nest egg. To be effective you really only need to stick to a few basic, core investment strategies to guarantee your … [Read more...]
What You Need to Know About the 401k Real Estate Investment Rules
One of the best reasons for having a 401k retirement plan is the ability to use it to invest in real estate. Over time, real estate has been an excellent investment because property values have increased exponentially over time. Certainly, there are better times to invest in real estate and others, but right now is an ideal time, which is why you should learn the 401k real estate investment rules as soon as possible. You want to take advantage of the benefits available to you so that your future can be more financially secure. Your 401k plan is part of the Profit Sharing Plan section of the Internal Revenue Code. This section is what … [Read more...]
Alternative Retirement Income Solutions That Can Help Your Fixed Budget
Almost everyone who has ever looked into saving money for retirement has heard about 401k plans, IRA accounts, and other traditional investment opportunities. However, there are other retirement income solutions that can help you reach your goals for the years after you leave the workforce. In fact, because of a new residential zoning updates, people who are retiring now have investment options that others before them never had. Many people are choosing to build separate, secondary houses on the same property as their primary houses. These new houses are known as accessory dwelling units (ADUs) and are often being used to generate rental … [Read more...]
Are Self Directed 401k Plans Right for You?
You might have heard the phrase self directed 401k plans and you wonder exactly what it means. You probably already know what a 401k plan is since they are a popular type of retirement account that many large companies offer their employees. If you’ve ever worked for one of those companies, you probably contributed to a 401k plan. However, a self-directed 401k plan is slightly different than the traditional 401k plan that you are familiar with. The rules that govern a self-directed 401k plan are exactly the same as those that apply to any other 401k plan. You have the same contribution limits and the same withdrawal requirements. You … [Read more...]
How to Setup a Self Directed Roth IRA Retirement Account
If you're looking for an excellent way to plan for your retirement, consider setting up a self directed Roth IRA with a trusted custodian. This type of IRA has several advantages over traditional IRAs, one of which is that you are able to withdraw your earnings entirely tax free as long as you follow the withdrawal rules set forth by the Internal Revenue Service. In addition, with a self-directed IRA, you can invest in non-traditional assets that are not available to you in a regular IRA retirement account. With a traditional IRA, your contributions to your retirement plan are made with pre-tax dollars. While this lowers your tax … [Read more...]