Welcome to my 'How To Buy Gold On Etrade?' guide and article!
E*TRADE is a financial services company that offers a wide range of investment products and services to individual and institutional investors. It is also one of the leading companies that offer retirement planning services such as Gold IRA's.
Gold has a reputation of being a hedge to inflation. As such, savvy investors are taking a bite at it. Admittedly, in this 'How To Buy Gold On Etrade?' Guide, we will be discussing the steps on how to buy from them.
Also, I will be mentioning about the pros and cons of it, as well as possible past reviews about it. Moreover, we will be answering questions pertaining to its competitiveness and reputation. So, let's learn how to buy gold on Etrade!
If you wish to check out our top-recommendation for precious metal investments, click here!
Etrade Review Quick Summary
Founders: William A. Porter
and Bernard A. Newcomb
What is Etrade?
On their website, Etrade claims to be a pioneer for online trading specifically catering the needs of retail investors. Additionally, they boast about being part of Morgan Stanley, a renowned global financial services firm.
Started during the 80's, Etrade quickly gain traction among investors and gold collectors alike. Leading from this, the first online transaction came into life, thus paving the way for such transactions to happen.
To date, Etrade is among the companies that specializes in online trading and investing. Admirably, many of their customers and clients has quite the experience when it comes to their first class services.
Not to mention, they have a unique team that are all experts to this field. Furthermore, apart from all the formal businesses they do, they have community outreaches and volunteer works. They are also known for its user-friendly online trading platform, which offers a wide range of research and analysis tools to help investors make informed decisions. Kudos to them!
Now, we will be tackling their business etiquettes and how they operate. Additionally, I will be laying down information about their products and services.
Buying and Investing in Precious Metals
Respectable bullion dealers are your must choice for the place to buy physical gold and metals. Some of the prominent names in the industry are the following:
From these, you will receive excellent customer service and be assured of fair and honest process. On the other hand, their products are all of top-quality.
Buying and investing in precious metals is a good way to diversify your portfolio. But, no investment is completely risk-free. However, with gold, you are safe from any financial problems that may occur such as inflation.
It's important to conduct thorough research and consider and weigh out the potential risks and benefits before making any investment decisions.
Investing Opportunities on Etrade
For gold and silver mining online, Etrade is a good destination for you. Morover, they provide you with actual information of their prices and rates with respect to daily market movements.
The picture below shows the corresponding fees of each gold-purchasing process.
And so, how do you actually buy precious metals such as gold from them? You are offered with numerous options. The list below shows how you can do it.
1. Stocks and ETFs
Stocks allow one to own a portion of a certain company. Although, it must be said that stock performance is volatile and will change from time to time. However, one good thing about it is that it can beat inflation.
It is flexible and you have control and as for income, many pay dividends at regular intervals. Which means that these payments can be used for another investment or savings you like!
Lastly, ETFs (exchange-traded funds) is mostly concerned about potential diversification in stock trading. In this platform, you can sell as easily as buy precious metals!
Consequently, you have the best control on this type of process. Why, you may ask. It if because you can target specific assets, industries, or strategies that you want to. How neat is that!
2. Options Contracts
Meanwhile, options refer to treading the stock market for possible investment opportunities. Etrade's options are among the industry's lowest in terms of fees.
One good thing about options is that it has a plethora of online tools that will help you. For example, analyzer for risk and opportunities, preset scans, income tracker, among others.
For its corresponding fees, is it $1.50 per contract. But, you will be tantalized by features such as 50 cent equity and option indexes. This can be incurred for when you place 30 or more investment in a single quarter of investments.
3. Futures Contracts
As for flexibility and ease-of-use, futures contracts is the way to go. This option opens possibilities for brokerage and eligible IRAs. In addition, it has unequivocal support from licensed Future specialists.
For hardcore yet shrewd investors, this type of option is open 24 hours a day, 6 days a week. Additionally, there is no minimum account value whether you trade once or multiple times a day.
Concerns about hard-to-borrow availability and sales restrictions are also not present. And lastly, by using a relatively small amount of capital, you can virtually control a large amount of notional value.
Bonds and fixed income go hand in hand, which allows you to get paid in regular basis. As your original investments continue to become larger and larger, they are protected and cushion from the market's ups and down through these two.
Tax-free income - the greatest feature of this option. Tax break are present more often than not on several bonds, which allows you to keep more on the money you earn.
Some of the other things that you will experience the benefit of when you dabble on bonds are the following:
- Principal Reservation
- Portfolio Diversification
- Income Generation
How To Purchase Gold?
Buying gold from Etrade is as easy as buying candy from a sweets shop. From their website, you can see a section pertaining to gold. After clicking this, you will be directed to a new section.
The new page would contain information about the gold assets available to be purchased or used as investment.
First things first, you must create an Etrade account. For purchasing or investing, an account is needed since it will contain information about you and your financial capabilities. Once your account is open, you'll need to fund it with cash. You can do this by transferring money from a bank account, a wire transfer, or by depositing a check.
To continue, you will pay for those precious metals that you ordered. Take note, there may be fees such as custody fee and fees issued by the ETF issuers. Nevertheless, purchasing gold can be done with ease in Etrade!
Etrade Educational Resources
One remarkable thing with Etrade is its educational resources that are useful to its investors.
There are webinars that discuss investment diversification and technical analyses, as well as topics regarding options trading.
Morningstar also provided investing online courses containing a wide range of topics involving investments.
Beginners who are just starting out in Etrade are fortunate enough to have access to several educational resources in Etrade's knowledge center.
There are articles, videos and classes on financial topics. Etrade's educational library is mainly focused on tax planning, beginner investors and long-term investment planning. There are also more advanced topics including futures and options.
Knowledge is power, especially in the investment landscape in which you really need all the information you need to make the best decisions.
Etrade's education center is available to everyone, whether they have an account on the website or not.
Etrade Ratings and Reviews
Here in Your Gold IRA Guide, we value ratings and reviews of a company that we are reviewing. It provides us insights and perspective on what past clients experienced with the said company.
With that, below are the ratings and reviews of Etrade.
- BBB - 1.11 out of 5 rating based on 55 reviews and 494 complaints in the last 3 years, F rating and not BBB accredited
- Trustpilot - 1.2 out of 5 rating based on 28 reviews
As you can see, Etrade has very bad ratings and reviews online. It even has 494 complaints in BBB, on top of its F rating and not being accredited.
Now, there are other ways to invest in precious metals with outstanding ratings and reviews. As an investor, are you willing to invest in a company that received poor ratings and reviews? Are you willing to take that risk?
Etrade Pros and Cons
To conclude this "How To Buy Gold On Etrade" article, let me start by saying how intuitive and user-friendly this company is. Apart from this, they provide you with a number of useful educational resources about investing.
Furthermore, they have different options on how to invest and purchase from them, making them unique. Investing in precious metals is not difficult, especially if you trust companies like Etrade.
Purchasing and investing in gold, or in any precious metals, is the newest move you can make in the market today. Although some may hesitate, with a few good reads partnered with a reputable institution, everything will go on your way.
Needless to say, it will carry some risks. Whether gold is in its coins, bullions, or ETF form, it might occur some losses. However, organizations like Goldco and Etrade help their clients see the bigger picture.
Regardless of these things, you can learn more about investing in gold by reading articles I have already published. These includes gold IRA companies, rollovers, bullion dealers, and many more.
As usual, I give my sincerest gratitude for taking the time to read this 'How To Buy Gold On Etrade?' article. Comments and suggestion can be written down below.