Loanio.com - New Person 2 Person Lending Site

I just stumbled across Loanio.com. They appear to be a pre-launch person to person lending site similair to that of Prosper.com.

There isn't a whole lot of info out there on Loanio, but you can sign up for Loanio's mailing list and they will send out an email to you as their launch approaches.
It will be nice to have some competition here. I am hoping that Loanio builds on some of Prosper's weaknesses. I have had my issues with Prosper early on, but things seem to be looking better lately. Just 2 bankrupicies to deal with at the moment.

Free Trades at Fidelity with Rollover

Until December 31st, Fidelity is offering free trades when you rollover an IRA or 401k with at least $25,000 in value.

Here are the details:

Value of Rollover		# of Trades		Trades Expire
$25,000 - $99,999		60 free trades		6 months from day assets received
$100,000 or more		100 free trades		12 months from day assets received

Sign up and check out further details on Fidelity's Offer Page

This is a great deal if you have any money sitting in an old employer's 401k or another IRA. Especially since there are no maintenance fees on Fidelity Rollover IRA's. Plus once the free trades run out, buying and selling Fidelity's branded mutual funds are always free!

I come from the school of thinking where I like all my money in one place. It is easier to manage and act accordingly if you need to make changes.

I definitely recommend Fidelity as I have a 401k with my employer, ROTH IRA, Rollover IRA, Brokerage Account and Checking account with them. Customer service has always been professional and I like the availability of purchasing many different types of securities, including CD's for free, from them as well.

I do have a brokerage account with Sharebuilder, but I only use that for fractional share investing. All my real money goes into Fidelity as I have had nothing but great service from them thus far.

ShareBuilder is now part of ING DIRECT

I woke up to this in my email box:

ShareBuilder has some exciting news. As of November 15, ShareBuilder has been acquired by ING DIRECT, the nation's largest direct bank with over 5.5 million customers and $75 billion in U.S. assets (part of Netherlands-based ING, NYSE: ING). ING DIRECT shares our vision of helping Americans increase their savings.

ING DIRECT is widely recognized for offering some of the most popular and easy-to-use financial products. Joining the ING DIRECT family will benefit you by providing simple and innovative products and services that can help you meet your saving and investing goals.

Rest assured there have been no changes made to your Orchard Bank ShareBuilder account. All of the easy account maintenance, trading tools and customer service functions you are accustomed to will remain the same. The only change you will find is an eventual logo and color change as ShareBuilder begins to adopt ING DIRECT's signature Orange color. You can also continue to use the same account number, login and password, and can access your account anytime through the co-branded ShareBuilder website.

We look forward to sharing more information with you over the coming months. If you have any questions, we invite you to contact us at 1-866-SHRBLDR (1-866-747-2537).

The ShareBuilder team is really excited by what this news means for you!

Best regards,

Dan Greenshields
President
ShareBuilder Securities Corporation

Here is a link to the full Press Release

This is interesting news, I wonder how this will effect anything if at all. This acquisition in addition to ING's buying, now defucnt NetBank's assets, must be dramitically increasing ING's customer base.

I currently have an account at both institutions. I don't use my ING account much due to the low interest rate, but I use my Sharebuilder account all the time. I have $200 auto invested each month into 5 different ETF funds. They were doing well until last week, but this is a long term investment so I really just try to not watch it fall.