BoA Offers $0 Trade for Combined Asset of $25K or more
Have an equity account and want some free trade?
Bank of America is now offering $0 equity trade for customers with $25,000 or more in all asset across BoA deposit accounts, including checking, savings, and CDs.
Offer available with an individual or joint Banc of America Investment Services, Inc. (BAI) Self-Directed Brokerage account. If you have a [...]
Weekend Reading: Aspects of Investor Psychology (Part II)
This is the second part of my weekend reading: Aspects of Investor Psychology. In the first part, the focus was on overconfidence in investor’s decision making process. The topic of this part is optimism in investing of both financial advisors and investors like you and me. Take a look at the following question:
Question 2: [...]
Understanding M*’s Star Rating
If you are a mutual fund investor, chances are you have seen Morningstar’s star rating every where, on fund family’s website, on Yahoo! Finance (where you can find a comprehensive list of funds and fund families), even on funds’ ads. Common sense tells us a fund with five stars should outperform a two-star fund, the [...]
Monthly Saving/Investing Schedule
Every month, I put some money in our savings and investment accounts and I do it on fixed dates. Yes, I am not trying to time the market, but rather making sure that saving/investing comes first.
Both my wife and I get our paychecks every two weeks, and most of bills (mortgage, credit cards, phones, and [...]
Weekend Reading: Aspects of Investor Psychology (Part I)
Since we were forced to stay at home because of the storm, I decided to pull out a paper I printed out sometime ago and but didn’t have time to read. The paper, Aspects of Investor Psychology, by D. Kahneman and M. Riepe, is not new (published in 1998 in Journal Portfolio Management), but it [...]
Buffalo Small Cap: Keep It Or Dump It?
BUFSX has been part of my taxable investment portfolio since the beginning of 2002 when I started to invest. Since then, I have been dollar-cost-averaging $100 into this fund every month and the fund’s return was superior: 51.2% in 2003 and 28.8% in 2004 according to Morningstar.
However, the fund started to lag not only [...]
Vanguard Wellington Fund Closed To Brokerage Firms
I owned Vanguard Wellington Fund in my IRA account with Scottrade since 2001 and I am very happy with the fund’s performance. The only problem I have is Scottrade.
I have both my taxable account and retirement account with Scottrade for more than five years, and they used to be very good: low fee, online [...]
