Expert: Paul Henneman - 3/18/2009

Question
Hello Sir,

I would like to know if i can use my brokage account for managing all my investments like stocks, mutula funds, bond and etc.

How would you see if i use all from one account is it a good idea or a bad,

for example if i open a account with tdameritrade can i buy and invest in [ stocks, mutual funds, bonds, CDs, ETFs]

and how would i open a account for my retierment and where should i open one will be the best place for it,

or if i manage all these through my bank account.

i shall be very thank full to your reply.
if possible can i talk to your over the phone to deliver my question more clearly.

thanks in advance
take care

Answer
Mansoor,
  Thank you for your question!
Yes, you certainly can manage all of your investments through your brokerage account. This generally is the best way to manage your investments, as it can be very complicated if you have different accounts. Much better to have everything in one location.
  However, if you do this you do need to choose a large, stable brokerage firm that has good rates. TDAmeritrade is a good choice for this, some others are etrade.com and scottrade.com
  You could try to do this through your bank, but generally the services are not as broad and you may not be able to trade some things through the trading services at your bank. The online trading services listed above would be the best place to do this.  These online services can also provide retirement accounts, where you can set up an IRA or other retirement account and trade through that.

Sincerely,
Paul Henneman
President
ValuEngine Inc
www.ValuEngine.com