work for you?
$0 Commission applies to:
- Online equity trades (exchange-listed U.S. Stocks)
- Online exchange-traded funds (ETFs) trades (domestic and Canadian)
- Online option trades (Contract fees now only $0.65, plus no assignment or exercise fees)
Editor's Notes & Price Research
Select the 'Commission-Free Trading' option from the landing page here for more information. Refer to the forum thread for additional deal details & discussion. -SaltyOne
Our award-winning investing experience, now commission-free
Announcing $0 commissions on online stock, ETF and option
trades**, starting on Thursday, October 3. Get our best-in-class
platforms, award-winning service & education, and extensive
branch network, now with commission-free trading.
**applies to exchange listed US stock, domestic and Canadian ETF, and option trades. $.65 per options contract fee, with no exercise or assignment fees.
Most of us in the industry knew this day would come. Brokerage firms make more money off clients sitting in cash earning 0.50% than they do on trades. It's not a good idea to sit on a lot of cash at at brokerage firm unless you go out of your way to move it into a high yielding money market. But there isn't much of a place for cash in a portfolio(exception is your emergency fund) anyway when there are great liquid bond index funds.
95% of the 'average Joe' I am going to pick some 'good' stocks end up failing. I don't care if you know this X industry better than anyone. The odds are stacked against you. Diversify your money. It's more impactful to 'survive' the next 10-20-30yrs in the market than to try to get above normal returns. The latter will win.
Other generic non-investment financial advice:
-You need an Umbrella insurance policy - $1mill of almost blanket liability coverage for $300/yr - your car insurance company will offer this.
It depends on the person. Some people don't have $300/year to spend on liability insurance let alone any assets to protect. (Agree - anyone with assets and earning power needs this)
-You need a Will, Financial Power of Attorney, & Medical Power of Attorney.
A trust is better than a will. A trust avoids probate. A will is effectively a request to the probate judge. If you have a house and kids, set up a trust and avoid probate. (Agree - a Revocable Living Trust is a good idea for a lot of people with assets. Setting up the trust is the easy part - going around and getting everything into the name of the trust is equally as important. Also - revocable trust offers no asset protection, thus need for umbrella policy)
-Your 18+yr old children desperately need Medical POA's - you have no quick authority if your adult child is in the emergency room.
In my emergency room experience, unfortunately I have a lot, they will follow the wishes of the closest relative POA or not.
-You need to freeze your credit with all 3 bureaus and attempt to stop most forms of identity theft.
There are more than 3 credit bureaus. There are more bureaus than credit bureaus. You need to contact all of them for freezes.
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