The big boys have now completed the race to zero. And now you can find a passive asset allocation model built for your age and a few preferences in many on-line portals, again for free. Schwab now also offers fractional share ownership options also for free. Schwab, and all the other discount brokers like TD Ameritrade, Fidelity, and now Merrill (this am) now offer zero commissions to trade equities and ETFs. So, for what they do and what they offer, these newer portals certainly (did) offer something unique… until Charles Schwab beat them at their own game last week. None of these portals come with a relationship of any sort beyond a 1-800 number to call when you’re in trouble, need guidance, panicking about your investments, or have an actual tough decision to make. Interesting, but you can actually get this type of thing completely free from any number of on-line sources and don’t need to pay. 25%/ year for a passive asset allocation portfolio to a blend of diversified ETFs. Finally, Betterment is the original robo advisor charging only. offers investors a way to own fractional shares of any company for a mere. Is he going to put it all into 2 shares of Amazon? Of course not. My son who is 18, worked all summer and made $3500. Wait what? Yes, there are now many stocks that have triple-digit share prices, and few like Amazon with four digits. also pioneered a compelling offer to younger investors with smaller account balances who couldn’t afford to buy ONE share of Amazon, for instance, trading at $1762/ share. They are mobile-ready and have a highly functioning app to get it all done right from your phone. They pride themselves as being the home of the frequent trader, the guy who uses margin, options, or even wants to own bitcoin. Robinhood was the original platform for zero-commission trades. ,, and BettermentĬlearly, these newer investment portals have done a great job catering to the younger investor who is looking for a low-cost platform to get started. Next-Gen investments for the Next-Gen of investors! Feel free to pass this on to anyone (kids, friends, etc.) who is a younger investor. For this update, we’ll offer a compelling and timely suggestion to those young investors who are just getting started with their first investment accounts and want to participate in the global wave of Next Generation companies. Today, while avoiding a complete spoiler, we’ll give you a little preview of what we’re planning. We’re very excited to rollout out our Next Generation services as we move into the 2020s.
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