Tuesday, February 10, 2009

So it is almost tax time and nobody has any money to invest

So, soon it will be tax time and everyone will be searching through the cushions on their sofas looking for a way to maximize their tax sheltered retirement investments (if they still have jobs that is).
So here is my question, why should I pay the ridiculous fees that large bank based brokerages are charging these days when I can go to these guys. And guess what? If you open an account and refer a friend, they'll give you $50. I have not yet read all the fine print, but the big print seemed awfully appealing:

100 Free Trades
Fund in $2,000 or more Receive 100 commission-free trades.
$100 Transfer Rebate
Fund in $25,000 or more Receive 100 commission-free trades and up to $100 Account Transfer Rebate.
$100 Cash Back
Fund in $50,000 or more
This is one of the things I liked about ING Direct when they set up shop here a few years ago.

Has anyone heard of First Trade I'd like to know.

Thanks