These are some of the investing resources I use and some investing reviews that you might want to check out
Online Investing Sites and Resources
Motif Investing is one of my favorite investing resources for stock investing and the online site I use most to talk about stocks. Motif allows you to group up to 30 stocks together, customize them for how much of each are in the portfolio and then buy the whole group for one commission. I have my stocks grouped into four funds around themes like dividends, retirement and growth stocks and I share ideas and progress each month here on the blog. By investing on Motif, you get instant diversification for one $10 commission instead of paying hundreds in fees on another website.
Click through to the full review of Motif Investing
Scottrade offers one of the lowest commissions per trade among investing websites at just $7 whenever you buy or sell a stock. Besides some really helpful tools and calculators on the site, Scottrade has more than 500 local offices around the country. It doesn’t offer as much research as my other online accounts like TD Ameritrade but it’s great to be able to walk into an office and talk to someone about investing. I’ve been to the local offices in Chicago and Miami and was surprised at the level of service offered with an online investing platform.
Click through to the detailed Scottrade review
TD Ameritrade is probably the best all-around online investing option. It’s $10 per trade fee isn’t the lowest but it’s pretty close. The site offers more research reports than I get on other online investing websites so that’s important when I want to look deeper at a stock or sector. The website also offers more than 100 exchange traded funds in which you can invest commission-free. That’s a tough deal to turn down so I buy most of my ETF funds through TD Ameritrade.
Personal Finance Resources
Personal Capital is an online tool that helps you track and manage all your personal finances in one place. You connect your bank accounts, investment accounts, credit cards and bills to the system and it does the rest. You’ll be able to see everything together in some great charts and graphics. The site helps to manage everything through tools including budgeting, investment checkup, bill pay and a really detailed retirement planner.
Betterment is the most popular robo-advisor and can make investing as hands-free as possible. The investing site starts by helping you put together your goals and how much return you need. It then suggests an investing strategy through asset allocation that has the best chance of meeting your goals.
I put Betterment here in the personal finance resources because it doesn’t really seem like an investing site. You don’t pick stocks or investments with Betterment. The site does everything for you through buying ETFs that meet your investing needs and then charging a per month fee. You pay between 0.15% and 0.35% of your balance for the service and Betterment rebalances your investments whenever they vary from the target. The site will even automate your tax-loss harvesting by selling some of your losing investments towards the end of the year to offset any gains and reduce your capital gains taxes.
Insurance and Banking Resources
USAA.com – I’ve had an account with USAA since I was in the Marine Corps in 2001 and recommend it to everyone I meet. It isn’t strictly for members of the military. You can open an account if your parents ever had auto or property insurance with them or if you’ve had a family member in the military. The company offers a full range of services including auto and life insurance, credit cards, banking and investment services. Customer service is one of USAA’s strong points and I haven’t had a complaint in more than 15 years.
Discover Bank is one of the few non-local banks I use for my finances because it offers better rates on deposits and other products. The bank has gone almost totally online so it saves a lot of money that can be shared with customers. The bank card is also one of the better deals I’ve seen, offering 5% cash back with no annual fee and up to 20% cash back on selected retailers.
Peer Lending Investing Resources
Lending Club Investing is the world’s largest peer lending platform with more than $16 billion in loans originated through 2015. I talk a lot about investing in peer loans on two of my other blogs, PeerFinance101 and PeerLoansOnline. Peer lending has become a great asset class for investors with the stability in cash flows you get from bonds and the higher returns you’d expect in stocks. Many investors still see peer lending as an ‘alternative’ asset class but it won’t be long before it’s an implied part of everyone’s portfolio.
Click through to this Lending Club review for peer loan investing