Two signs of financial recovery
This evening I started an investment account at Sharebuilder and a savings account at Emigrant Direct. Sharebuilder will give me six trades a month for a mere $12 and Emigrant Direct will give me 4 percent interest on my savings — the highest rate I’ve seen online and .06 higher than ING.
I’m hoping that Emigrant Direct will allow me to subdivide my savings like ING does. At ING, after you start your main account, you can create little sub-accounts and name them “vacation fund” or “down payment.” Isn’t that really cool? I thought long and hard about which one I should do, and I finally picked Emigrant, however.
What did I buy in my first ever equity trade, you ask? I bought $250 of Microsoft and $50 of a Russel 2000 index ETF.
