http://www.thesunsfinancialdiary.com/investing/firstrade-to-start-charging-fees-for-mutual-fund-investments/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.thesunsfinancialdiary.com/investing/firstrade-to-start-charging-fees-for-mutual-fund-investments/#comment-3036 MossySF Tue, 20 Feb 2007 06:30:35 +0000 http://www.thesunsfinancialdiary.com/2007/02/19/firstrade-to-start-charging-fees-for-mutual-fund-investments/#comment-3036 My current IRA balance at E-Trade is easily enough to meet the 25K limit for the 100 free transactions per year. Mutual fund transactions are covered as part of the freebies. Meeting the 25K requirement also drops all transactions afterwards to only $5.95 whether it's stock, ETFs or mutual funds. This would let me DCA into roughly 8 different ETFs and mutual funds per month for no charge -- very handy for consolidating my non-Vanguard investments under a single umbrella. My current IRA balance at E-Trade is easily enough to meet the 25K limit for the 100 free transactions per year. Mutual fund transactions are covered as part of the freebies. Meeting the 25K requirement also drops all transactions afterwards to only $5.95 whether it’s stock, ETFs or mutual funds. This would let me DCA into roughly 8 different ETFs and mutual funds per month for no charge — very handy for consolidating my non-Vanguard investments under a single umbrella.

]]> http://www.thesunsfinancialdiary.com/investing/firstrade-to-start-charging-fees-for-mutual-fund-investments/#comment-3018 The Sun Tue, 20 Feb 2007 03:40:42 +0000 http://www.thesunsfinancialdiary.com/2007/02/19/firstrade-to-start-charging-fees-for-mutual-fund-investments/#comment-3018 I don't know your trading strategy, but I myself don't like switch brokerages despite that I am using quite a few right now. The WF promotion seems to be interesting, but they still have a minimum requirement of $25K to get the free trades. 100 free trades are a lot in one year (nearly two a week). This is good for stock/ETF trading, but not for mutual funds as mutual funds are supposed to be long term investments. Currently their real-time mutual fund trading has a fee of $35, which is very high compared with other discount brokerages. If you decide to take this promotion offer, what do you want to after one year? Keep you account with them? Or transfer the account out? For me, Getting 100 free trades doesn't warrant a long-term relationship with them. I don’t know your trading strategy, but I myself don’t like switch brokerages despite that I am using quite a few right now. The WF promotion seems to be interesting, but they still have a minimum requirement of $25K to get the free trades. 100 free trades are a lot in one year (nearly two a week). This is good for stock/ETF trading, but not for mutual funds as mutual funds are supposed to be long term investments. Currently their real-time mutual fund trading has a fee of $35, which is very high compared with other discount brokerages. If you decide to take this promotion offer, what do you want to after one year? Keep you account with them? Or transfer the account out? For me, Getting 100 free trades doesn’t warrant a long-term relationship with them.

]]> http://www.thesunsfinancialdiary.com/investing/firstrade-to-start-charging-fees-for-mutual-fund-investments/#comment-2990 MossySF Mon, 19 Feb 2007 21:36:28 +0000 http://www.thesunsfinancialdiary.com/2007/02/19/firstrade-to-start-charging-fees-for-mutual-fund-investments/#comment-2990 My current thinking is to switch to WellsFargo and get the 100 free trades a year (includes no load mutual funds not in their NTF programs). Should be enough for me to get by -- until WF decides they need to increase fees. Then it'll be another switcheroo to someplace else. My current thinking is to switch to WellsFargo and get the 100 free trades a year (includes no load mutual funds not in their NTF programs). Should be enough for me to get by — until WF decides they need to increase fees. Then it’ll be another switcheroo to someplace else.

]]>