TradeKing announced that they have lowered the minimums on all managed portfolios through TradeKing Advisors. Investors can now invest in a managed portfolio for as little as $500. TradeKing has two separate types of managed portfolios: core portfolios and momentum portfolios. The managed core portfolio can be opened with a minimum of $500. The managed momentum portfolio has a minimum investment of $5,000.
What’s the difference between a core portfolio and a momentum portfolio with TradeKing Advisors? A core portfolio is designed to be a solid foundation for the long-term and is adjusted when necessary to stay on track. A momentum portfolio responds to the markets ups and downs and is reviewed monthly for new investments. Which type of managed portfolio would be right for you? TradeKing offers a page with a quick questionnaire on your goals to guide you on the right path.
TradeKing has a thorough page devoted to the managed portfolios through TradeKing Advisors. Here you can find FAQ’s, details about the program, and there is information to contact the company if you have further questions.
What are the fees associated with the managed portfolios? Core portfolios cost $1 a month until a balance hits $5,000 or more. At $5,000 or higher, the core portfolios cost 0.25% of the portfolio’s annual balance. Momentum portfolios require a minimum investment of $5,000 or more and cost 0.50% of the portfolio’s annual balance.