Overall Rating44444


Marsco – Trading without education

Marsco has been in business since 1986, so they are definitely not new to the investment world. Currently the commission fee for Marsco is at $3.95 per trade. Unlike several other online brokerage companies they do not offer the 100 free trades deal. You sign up with them to trade and that’s it. So if the 100 free trades are what you’re looking for, it is not found here.

What I like about Marsco is that they aren’t trying to be fancy about what they do and who they are. One visit to their website and you’ll see that they are strictly about business and that’s about it. Their products are stocks, mutual funds, options and bonds. To open an account with Marsco your initial opening balance must be a minimum of $2500. This can be in cash or securities. Another thing I like is that you don’t have to fax or mail your application to start trading with them. Marsco’s account opening method is the way it should be. You fill out the application online and click on the submit button. That’s it. Once you fund your account, which can be done securely through their system you can begin trading.

Marsco as well as other online stock brokerage companies offer broker assisted trading. The fee per trade is higher and of course this doesn’t guarantee a good trade. Marso’s broker assisted trading fee is presently $25.00. This isn’t too high of a fee, but I’ve seen broker assisted fees at $20.00 on other sites. But if you’re not worried about doing your own trading, then I guess their broker assisted $25.00 fee shouldn’t bother you much.

One thing that I absolutely don’t understand is why Marsco didn’t include any educational resources on the site. Every other online brokerage company has an education section on their website. The good people behind Marsco either didn’t get the memo to include educational resources or they felt it just wasn’t important. Regardless of the reason,this was a big mistake. If you wanted to brush up on some knowledge about stocks, but there isn’t any resources on their website. You will seek the information somewhere else. The point of any online business is to get visitors and keep visitors. But if Marsco feel that educational resources about their products aren’t important, then they are doing themselves a big injustice.

Even though Marsco is probably the oldest online brokerage company I personally wouldn’t use them for my trading needs. No disrespect to Marsco, but there are brokerage companies online offering tools and resources that will enhance your knowledge making you a better investor. I simply cannot recommend a stock trading company who fails to provide its users with tools to be successful investors.

Overall Rating44444

T Rowe Price

T Rowe Price is a publicly owned investment firm based out of Baltimore, MD, but has office located around the world. T Rowe Price offers many different services for their both individual and institutional investors. Benefits of investing with T Rowe Price include T Rowe Price’s lengthy investment success history, experienced fund managers, a multitude of investment products to choose from, and reasonable investment fees. Compared to other online stock trading companies, they are on the high side for stock trading fees at $19.95 a trade.

The first benefit of investing with T Rowe Price is their proven historical success rate. Over the past 70 years, for each 3 year, 5 year, and 10 year period, over 80% of T Rowe Price’s mutual funds have beaten their Lipper average. T Rowe Price originated the growth stock concept in 1937, and with their well experienced fund managers, they continue the same concepts today. T Rowe Price believes in optimizing an intelligent risk versus reward balance.

As mentioned before, T Rowe Price fund managers are well experienced. The average fund manager has 14 years of experience, and has proven track records. The manager’s lengthy experience ensures investors that they can weather the storm of any market condition.

Another benefit of investing with T Rowe price is the variety of financial products and services they provide to their investors. T Rowe Price investors can choose from among 90 different mutual funds, each of which is closely monitored by one of the experienced T Rowe Price fund managers. T Rowe Price investment advisors can assist your in planning for your retirement by providing you with IRA accounts, rollover IRAs, and individualized investment guidance. T Rowe Price also offers brokerage services, college savings accounts, individual advisory services, and risk free savings accounts.

T Rowe Price helps their investors maximize their returns by offering some of the lowest costs in the financial services industry. T Rowe Price offers mutual funds with no loads, no sales charges, and overall low expense rations compared with their Lipper average. T Rowe Price will normally charge a low asset management fee instead. T Rowe Price also offers many products with low investment minimums. IRAs can be opened for as little as $1,000, with minimum monthly contributions of only $50.

In conclusion, T Rowe Price provide many advantages to their investors including T Rowe Price’s lengthy investment success history, experienced fund managers, a multitude of investment products to choose from, and reasonable investment fees.

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