3 ms·
* 401k (from an old job) and an IRA (maxed out). I also trade for my wife's IRA. * I have a Zecco trading account (it used to be nice, cheap trades) * I pick
by rorrr 16y ago
* 401k (from an old job) and an IRA (maxed out). I also trade for my wife's IRA.
* I have a Zecco trading account (it used to be nice, cheap trades)
* I pick individual stocks only, doing my own research. Mutual funds and ETFs are OK for long term investment. I've looked at at stock recommendation sites like covestor.com, kaching.com and collective2.com, and they do have some amazing traders, so you can just mirror them (I'm kind of hesitant to do that, not sure why).
- spinlock 16y ago>they do have some amazing traders, so you can just mirror them (I'm kind of hesitant to do that, not sure why). I'd be hesitant to do that because even a broken clock is right twice a day. I haven't looked at covestor in a while but, IIRC, you couldn't see what the other guy was invested in until you committed capital. If I can't see his investments or perform other due diligence, I have no idea what kind of risks he's taking to generate those returns. I'm much happier with my portfolio - which is designed to track the MSCI World Index and reduce risk - than I would be with some crazy trader gambling with my money. I beat the MSCI by 3 points last year which is an acceptable return and I sleep like a baby :)