I have had several requests from readers of my book about account openings. As the book makes clear, DIY investing can be brilliant for those who have the self-control to manage their own finances.
But a surprising few people seem to be able to steer away from fear, greed and egoism and end up speculating. Perhaps good old human nature is too powerful to stop.
I can help people step up an online account. Minimums are $30,000 on the lump sum side, and $500 on the regular savings side, raising to $35,000 from January 2019. I will try to keep the minimum as low as possible for as long as possible, because I do want to help people who aren’t super wealthy, but I may have to incrementally raise the minimum depending on the demand.
The accounts are:
- Low cost, access to global markets from 0.02% or similar low flat fees on the platform
- With an internationally recognized platforms coming from EU countries and the UK, which in turn means there is strong investor protections.
- All accounts are linked to the academic evidence in the book.
- Available to all except people living in America. Americans living overseas are a possibility but it is a little more complicated than other nationalities due to regulations.
For those who don’t have $30,000, are living in America or just want some advise on other brokers out there, the following is a good list:
People living in the UK:
Living overseas – expat platforms:
Internaxx (formerly TD Direct)
Living in America:
Living in mainland Europe
It isn’t an extensive list. There are hundreds out there which could also be put on the list, but you won’t go wrong with the above.
One thing I would add to the above is flat fees. Internaxx is more competitive on fees than Saxo Bank on larger accounts, but less competitive on smaller amounts and maybe up to $60,000, as the fees are flat. If you have a small amount to start with, check out what the flat fees are.