I had a couple of people take advantage of the great deal offered by ING Direct and we all benefitted by getting $25 for each new account opened with a minimum $100 deposit. Now they too will have the opportunity to make additional money through the referral system. Congratulations!
Head on over to www.ingdirect.ca and enter Orange Key 35638912S1 today!!
Showing posts with label ING Direct. Show all posts
Showing posts with label ING Direct. Show all posts
Sunday, 8 May 2011
Sunday, 1 May 2011
My Experience With ING Direct Canada
I have been extremely pleased with my ING Direct experience so far. I opened a Balanced Growth mutual fund within a TFSA. For more information on this type of investment, see the link below:
http://www.ingdirect.ca/en/mutualfunds/index.html
The Balanced Growth Fund involves a mixture of bonds and stocks, which are indexed. This means that the mixture of stocks and bonds chosen reflect those that are doing well on the stock market, mimicking the chosen indexes. Rather than have the funds actively managed (where a fund manager chooses the stocks based on experience, luck, hope, etc) the stocks included in the fund are those that are performing best against the chosen index (for instance Canadian stocks are measured against the S&P TSX 60 Canadian Stock Index). The Balanced Growth fund is considered to be "riskier", that is it contains a higher percentage of stocks within the fund. If you are looking for less risk, ING Direct Canada offers other mutual funds that have a greater number of bonds included in the investment mix.
The important thing to remember is that when investing in this type of mutual fund, growth occurs over the long term. So if you are expecting returns right off the bat, you are looking at the wrong type of investment vehicle. When you invest in this type of fund, expect to be in for the long haul.
Another advantage of ING Direct Canada is the low MER (Management Expense Ratio). The MER represents service charges that investment banks charge for their services. As an index fund, which requires little active management, the MER for ING Direct Canada is low, thereby allowing you too keep more of your investment. And being located within a TFSA, remember that your investment earnings are tax free.
The Orange Key program is the icing on the cake. I unfortunately didn't know about this program when I first opened an account with ING Direct. Had I known, I would have gotten an extra $25! Now that I have an account I can see what a great program it is!
The short of it is that when you use my Orange Key and deposit at least $100, we both get $25. Once your account is established, you will get an Orange Key that gives you the same opportunity. I have had one person so far (as of May 1, 2011) use my Orange Key so far, and we both got $25. That means there are still 49 opportunities (Each account gives you 50 referrals per Orange Key) for you to make $25! Since I have a mutual fund account, ING Direct Canada opened me an Investment Savings Account, which currently has an interest rate of 1.5%. Compare that to my other bank, BMO, which offers a pitiful 0.25% on the Premium Rate Savings Account, and 1.35% on the Smart Saver Account, which requires a minimum balance of $5,000!!! And remember, there are the inevitable fees on top of those pitiful interest rates that will eat away any of the gains made. ING Direct Canada has no service fees.
In addition to 2,300 abm's (no fees charged using the EXCHANGE Network) ING Direct Canada also has the option to link an external account to your ING account to transfer funds in and out. This way, if you need to access the money in your investment account, you can simply transfer the money to your external account and use your regular chequing account. ING also offers the THRiVE chequing account should you wish to change exclusively to ING Direct. I prefer to keep my existing chequing account, so this is a convenient option for me.
So if this sounds good to you, then head on over to www.ingdirect.ca, and choose the account that most appeals to you. Remember to enter Orange Key 35638912S1 to get your $25!
http://www.ingdirect.ca/en/mutualfunds/index.html
The Balanced Growth Fund involves a mixture of bonds and stocks, which are indexed. This means that the mixture of stocks and bonds chosen reflect those that are doing well on the stock market, mimicking the chosen indexes. Rather than have the funds actively managed (where a fund manager chooses the stocks based on experience, luck, hope, etc) the stocks included in the fund are those that are performing best against the chosen index (for instance Canadian stocks are measured against the S&P TSX 60 Canadian Stock Index). The Balanced Growth fund is considered to be "riskier", that is it contains a higher percentage of stocks within the fund. If you are looking for less risk, ING Direct Canada offers other mutual funds that have a greater number of bonds included in the investment mix.
The important thing to remember is that when investing in this type of mutual fund, growth occurs over the long term. So if you are expecting returns right off the bat, you are looking at the wrong type of investment vehicle. When you invest in this type of fund, expect to be in for the long haul.
Another advantage of ING Direct Canada is the low MER (Management Expense Ratio). The MER represents service charges that investment banks charge for their services. As an index fund, which requires little active management, the MER for ING Direct Canada is low, thereby allowing you too keep more of your investment. And being located within a TFSA, remember that your investment earnings are tax free.
The Orange Key program is the icing on the cake. I unfortunately didn't know about this program when I first opened an account with ING Direct. Had I known, I would have gotten an extra $25! Now that I have an account I can see what a great program it is!
The short of it is that when you use my Orange Key and deposit at least $100, we both get $25. Once your account is established, you will get an Orange Key that gives you the same opportunity. I have had one person so far (as of May 1, 2011) use my Orange Key so far, and we both got $25. That means there are still 49 opportunities (Each account gives you 50 referrals per Orange Key) for you to make $25! Since I have a mutual fund account, ING Direct Canada opened me an Investment Savings Account, which currently has an interest rate of 1.5%. Compare that to my other bank, BMO, which offers a pitiful 0.25% on the Premium Rate Savings Account, and 1.35% on the Smart Saver Account, which requires a minimum balance of $5,000!!! And remember, there are the inevitable fees on top of those pitiful interest rates that will eat away any of the gains made. ING Direct Canada has no service fees.
In addition to 2,300 abm's (no fees charged using the EXCHANGE Network) ING Direct Canada also has the option to link an external account to your ING account to transfer funds in and out. This way, if you need to access the money in your investment account, you can simply transfer the money to your external account and use your regular chequing account. ING also offers the THRiVE chequing account should you wish to change exclusively to ING Direct. I prefer to keep my existing chequing account, so this is a convenient option for me.
So if this sounds good to you, then head on over to www.ingdirect.ca, and choose the account that most appeals to you. Remember to enter Orange Key 35638912S1 to get your $25!
Monday, 25 April 2011
Savings Calculator
Curious to see just how much you can save with an Investment Savings Account with ING Direct?? Well, click on the link below to find out! And remember, by entering Orange Code 35638912S1, you can earn yourself $25 when you deposit a minimum $100!!
Investment Savings Calculator:
http://www.ingdirect.ca/en/tools/calcs/Savings_Calculator_ISA.html
Investment Savings Calculator:
http://www.ingdirect.ca/en/tools/calcs/Savings_Calculator_ISA.html
Friday, 22 April 2011
ING Direct 2011 Orange Key Code
When I opened my ING Direct account, I was unaware of the Orange Key program. I quickly learned that had I known, I would have received an extra $25 by entering in an Orange Key code!
The program is quite simple. You use this code 35638912S1 when you sign up, deposit a minimum $100, and we both get $25! Once you have an account, you'll get your very own Orange Key code to share, and you can start making extra money too! Up to $2000! So simple, it would be crazy not to!
To sign up, this is all you need to do:
Head over to www.ingdirect.ca
Choose the account you want to open
Enter Orange Key 35638912S1
Deposit a minimum $100 into the account
Enjoy an additional $25 and receive your very own Orange Key!
For more information on the Orange Key program click on the link: www.ingdirect.ca/referafriend/
The program is quite simple. You use this code 35638912S1 when you sign up, deposit a minimum $100, and we both get $25! Once you have an account, you'll get your very own Orange Key code to share, and you can start making extra money too! Up to $2000! So simple, it would be crazy not to!
To sign up, this is all you need to do:
Head over to www.ingdirect.ca
Choose the account you want to open
Enter Orange Key 35638912S1
Deposit a minimum $100 into the account
Enjoy an additional $25 and receive your very own Orange Key!
For more information on the Orange Key program click on the link: www.ingdirect.ca/referafriend/
Streetwise Funds
ING Direct offers a series of mutual fund investment opportunities:
Balanced Income Fund
Balanced Fund
Balanced Growth Fund
For information on these investment opportunities, check out:
http://www.ingdirect.ca/en/mutualfunds/index.html#
Balanced Income Fund
Balanced Fund
Balanced Growth Fund
For information on these investment opportunities, check out:
http://www.ingdirect.ca/en/mutualfunds/index.html#
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