In our opinion, around 20 % are worth hanging on to if you already own them; particularly, if you would incur a taxable gain, contingent deferred - sales charge (CDSC), or short - term trading
commission at your discount broker if you sold.
Not exact matches
Even so, this past week had a number of stories from various
discount brokers including a new fee &
commission schedule taking effect
at a... Read More»
Many investors sign up for synthetic Dividend Reinvestment Plans (DRiPs)
at discount brokers to save on trading
commissions.
If you get filled
at 64.33 per share this will cost you $ 12,866 plus
commission (which we are going to imagine is small enough not to matter — if you pay more than $ 5
commission to execute a trade like this then you may want to look for a
discount broker, see StockBrokers.com Annual
Broker Comparison.
Throughout these years, as more and more online
discount brokers emerged, I have also got accounts with other brokerage firms in order to reduce trading cost, even though the money I saved on
commissions isn't really significant
at all.
In my
discount broker comparison post that I compiled last year, I placed TD Ameritrade near the bottom on the list because its stock trade
commission is rather high
at $ 9.99 per trade.
To have an idea where TradeKing is compared to other
discount brokers, Zecco charges $ 4.50
commission for stock trading and each stock trade will cost you only $ 2.95
at OptionsHouse.
The same thing also happened to Options House, another
discount broker which started its stock
commission at $ 2.95, but later increased it to $ 3.95.
In the final part of our series on
commission - free ETF trading
at Canadian
discount brokerages, we look
at the offers from Virtual
Brokers and Questrade and conclude the series with some lessons learned from researching
commission - free ETF offers.
Let's assume you get filled
at 64.33 per share, so this will cost you $ 12,866 (200 x 64.33) plus
commission (which we are going to assume is small enough not to matter — if you pay more than $ 5
commission to execute a trade like this then you may want to look for a
discount broker).
Compared to exchanging currency
at a local branch or a
discount broker that might charge anywhere between 1.5 % to 2.5 % for each conversion, buying and selling the ETF would cost two trading
commissions plus bid - ask spreads plus ETF fees.
Second,
discount brokers actually make more money selling one of our listings than selling your home
at a reduced
commission.