“Pass the Ammunition”

A reader who’s living his best off-the-grid life:

“I live in a mountain cabin so I’m already at my bug-out destination.

“I don’t suffer from power outages. After years of dealing with wind, tornados, snow, ice and forest fires taking down the electrical grid several times a year, I spent about $30,000 and installed a large solar array power system… with a large propane generator as a backup system when the sun goes down. 

“Today, when my neighbor’s lights are off, mine function along with the TV and computers.  When there isn’t quite enough sunlight, my generator kicks in to up charge the batteries.  Worse case, the generator can run continuously for a full month with the sun in total eclipse — but if that happens, I’m not really worried about electrical power.

“Same goes for a financial meltdown. When in good times, I stock up on long-term storage supplies like beans and rice (they last forever). In lean times, I start using the stored supplies but I always have meat, beans, rice, and canned fruits and veggies. And lots of ammunition.”

Several readers have written how much they value firearms and ammunition for when (or if)  things go sideways.

Got us thinking about New Zealand’s ban last week on semi-automatic rifles — effective immediately — along with the incumbent headlines that go something like this: New Zealand did it… why can’t the U.S.? Your thoughts?

Your Rundown for Tuesday, March 26, 2019:

Brokering A Deal

As promised, today we answer a reader’s question about brokerage accounts…

“I am very new to investing… but I want to build a significant portfolio. The only problem is I don’t know which brokerage account I should open for making the types of trades you and others recommend. I wonder if you could indicate which accounts work well for your recommendations?”

We’ve listed several options along with associated fees and account minimums; we’ve made every effort to keep information as up-to-date as possible but prices are subject to change.

Ally

Website: www.ally.com/invest

Commissions: $4.95 per trade*

Account Minimum: None

*Add one cent per share for stocks under $2.00.

Charles Schwab

Website: www.schwab.com

Commissions: $4.95 per trade

Account Minimum: $1,000.00

ChoiceTrade

Website: www.choicetrade.com

Commissions: $5.00 per trade*

Account Minimum: None**

*Add $2.00 per trade for Bulletin Board and OTC markets.

**$500.00 minimum cash balance required for Bulletin Board and OTC stocks.

E-Trade

Website: www.etrade.com

Commissions: $6.95 per trade

Account Minimum: $500.00

Fidelity

Website: www.fidelity.com

Commissions: $4.95 per trade

Account Minimum: $2,500.00

Robinhood

Website: www.robinhood.com*

Commissions: Free**

Account Minimum: None

*Need to download the app.

**Has advertisements.

TD Ameritrade

Website: www.tdameritrade.com

Commissions: $6.95 per trade

Account Minimum: None

As always, do your homework and speak to a representative who can answer your questions. Not satisfied with the answers you’re getting? Move on.

Market Rundown for Tues. March 26, 2019

S&P 500 futures are up 12.25 to 2,819.25.

Oil is up $1.02 to $59.84 for a barrel of WTI.

Gold is down $6.90 to $1,315.70 per ounce.

Bitcoin is down $8.78 to $3,915.77.

Have a good day. We’ll talk tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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