Last week I opened my first ROTH IRA with OptionsHouse. Because I'm self-employed, the ROTH IRA is one of the best choices I have for a retirement account. No matter how much the money grows in a ROTH IRA, withdrawals are non-taxable. Today I will buy deep in the money put options (if my wire transfer arrives before market close). Last Friday I posted a few reasons the market might drop. Today, I still feel this has been a sucker's rally. My downside targets … [Read more...]
100 Free Trades at E*Trade a Good Deal?
Don't be fooled by this introductory offer. Unless you're a day-trader, or are looking to re-balance 100 stocks you might have a hard time capitalizing on the 100 free trades. They're only commission-free for the first 30 days after you open the account and you have to pay upfront for the trades and E*Trade will refund you the cost within 8 weeks. The no annual IRA fee and no account minimums is also offered by TradeKing. Below you can see how E*Trade and the other major online … [Read more...]
