Many investors want to save for retirement, a house down payment, college, or other financial goals, but they’re unsure how to start. Even those who have been saving for a while don’t know if they’re doing it correctly. The good news is that financial advice doesn’t have to cost a lot of money. To help you reach your financial goals, we collected a number of free strategies to reduce expenses, save more, and invest better.
1. Online brokers
Online brokers make it affordable for the average investor to buy stocks, bonds, mutual funds, and other investments. Many online brokers offer discounted or free commissions without requiring a large investment balance. While you won’t have a dedicated investment advisor, their sites typically have free financial lessons to help you become a better investor.
TradeStation is an online brokerage platform that allows customers to buy stocks, mutual funds, and ETFs. Customers can also trade options, futures, and cryptocurrency. The company features a trading simulator where you can learn and test out investing strategies in real time or by using historical data without risking a single dollar. It also offers powerful tools, market research, and advanced educational resources to improve your trading skills and grow your portfolio.
TradeStation
Online trading fees
$0 stock & ETF trades.
$0.60/contract options trades.
$1.50/contract futures trades.
$14.95 mutual fund trades.
2. Investment advisors
Investment advisors recommend investments that match your financial goals. They typically charge commissions or advisory fees in exchange for their services. As part of these services, you can ask them questions about investments, retirement plans, and other related topics.
J.P. Morgan Wealth Management is one of the most well-known names in the financial services industry. Not only do its advisors provide financial advice; its Chase Bank subsidiary also offers a full-service bank to handle