merrill edge guided investing review reddit

And if your post should have been a google search then it will likely be removed. This has been asked and answered many times in the past. [–]wwwyzzrd 0 points1 point2 points 4 years ago (0 children). Merrill Edge was very helpful, including both bending rules and doing all the application for me to qualify for their program of getting a cash bonus for transferring a large balance from a different institution to a Merrill Edge IRA. It’s a relative newcomer in this space, having been launched in January 2017. Merrill Edge is the discount brokerage wing of Merrill Lynch, who now operates under the umbrella of Bank of America. [–]Bogus_Sushi 1 point2 points3 points 4 years ago (0 children). Dec included extra trades to hit a specific target of realized capital gains or losses for each of my four sons, and even that brought the total to just 28 for the month. I'm new to investing, what should I do? 1 … That's hard to beat. The non premium service has longer hours. I put a little bit into the Merrill Edge Guided Investing, and honestly, it hasn't made me much money if at all. Free trades are only for ETFs and Stocks, if you do options you will pay a (fairly hefty) commission, so you want something else for options probably. Rendered by PID 26384 on r2-app-0e6b80794032f1b87 at 2021-02-20 08:50:40.301552+00:00 running 8d94f57 country code: US. r/investing does not endorse any recommendation or opinion made by any member, nor do any users or moderators of r/investing advocate the purchase or sale of any security or investment. Granted, I don't have the account set up with monthly contributions, but still. When I liquidated securities (both because I wanted to and because Fidelity made it impossible to transfer them) to transfer cash from my Fidelity 401K to my Merrill Edge Roth IRA, Fidelity was a major pain and tacked on fees and delays and excessive paperwork. Yeah, I think my hesitation and fear of doing things on my own is defaulting me to the managed account option, which I’ve heard in most instances gives less return over just the S&P or any other major index. [–]DrMcNutt[S] 0 points1 point2 points 4 years ago (0 children). You are responsible for your own investment decisions. I'm fairly new to this, however. Plus, Merrill clients have access to customer support at about 4,300 Bank of America locations. If you think that buying "hot" (popular, getting lots of attention, wave of the future, etc.) Merrill Guided Investing accounts are low-cost managed portfolios that are built, managed, and rebalanced by investment professionals and can be individual, joint, custodial, IRA, or Roth IRA. [–]jsf67 1 point2 points3 points 4 years ago* (3 children). But today with so many services and market liquidity for things like bond ETFs I don't think those fees are necessary. I rolled over my 401k into an IRA and it was a pretty smooth process. If you’re new to investing (see Best Brokers For Beginners article), the broker would be a good choice. [–]kcsereddit 0 points1 point2 points 4 years ago (0 children). Aside from this Merrill Edge broker review, we've also reviewed the Merrill Edge Guided Investing robo-advisor service. Merrill Edge Guided Investing Review 2021: Pros, Cons and How it Compares Merrill Edge Guided Investing stands out for human portfolio management, and current Merrill and Bank of … Merrill Edge Guided Investing Robo-Advisor Review Wrap Up Is Merrill Guided Investing Right for me? Read our full Merrill Edge Guided Investing review. We are not a politics or general "corporate" news forum. Personally, they seem to not be thinking at all about what features different types of traders might need. Effort: Posts must meet standards of effort: Do not post just an article, highlight the parts of the article you find relevant or offer some commentary surrounding the article. Better yet, for current Bank of America customers, Merrill Edge's Preferred Rewards program provides the best rewards of any bank broker we tested in 2021. Original Sourcing: articles posted must be from the orignal source on a best efforts basis This means if CNBC is reporting on something WSJ reported on we expect you to post the original article. The service is not needed because you can manage your account yourself. As retail investors, we will always be last, compared to their institutional business. Merrill Edge Guided Investing Review | SmartAsset.com. It’s probably best I just do some research and invest on my own. I just did the same thing. Merrill Edge was very helpful, including both bending rules and doing all the application for me to qualify for their program of getting a cash bonus for transferring a large balance from a different institution to a Merrill Edge … It’s not terrible as management/advising fees goes, but unnecessary. But then it was all over before the market opened. But in a taxable account, you are better off random selecting large cap US stocks and buying $3K to $5K of each (however many different stocks that is based on what you have to invest). Thanks. I'm new to the investing game and wanted to find out if anyone here has had a positive experience using Merrill Edge's Guided Investing with Advisor? This was tremendously helpful! They are short-sighted, in my opinion. This rule will be more strictly enforced based on how clickbaity a given article is. [–]wwwyzzrd 1 point2 points3 points 4 years ago* (3 children). Use of this site constitutes acceptance of our User Agreement and Privacy Policy. No Merrill Guided Investing review would be complete without discussing how safe your money is. That is a very simple choice and better than paying 0.7% to have someone mismanage your investments. Across ALL those accounts, I did a total of 20 trades in Jan because those are all I felt like doing. I don't have any such account at Merrill Edge (where my employer chose the account and I have no say in it). More often they find ways to invest your money badly to help them make quotas for getting people to invest in things their employer gets money for promoting.

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