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Commission Free ETFs
Old 01-04-2011, 04:56 PM   #1
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Commission Free ETFs

I have an account with Ameritrade and they started offering commission free ETFs some months back. A lot of ETFs from Vanguard and iShares so good choices. I have 11 ETFs in my portfolio so I've been paying quite a bit when I contribute or rebalance to my acct and my wife's acct but it's free now except for the expense ratio (which is pretty low too).

I don't work for Ameritrade but wanted to share this with you. Was pretty happy when I found this out.
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Old 01-04-2011, 05:18 PM   #2
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A lot of the brokers offer this now. I am beginning how these guys will make money if they keep cutting each others' throats.
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Old 01-04-2011, 05:38 PM   #3
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They make money the same way they always did: by the spread on what they earn on your cash sweep account and what they pay you. I think Schwab is reported to earn a couple billion dollars a year on that.

It probably costs them more to charge a commission than not to.

WellsFargo is the king of free trades, then probably TDAmeritrade, then Vanguard, then Fidelity, then Schwab. There are probably others. I don't care if all brokers have 5000 different ETFs or funds that have free trades. I only care about free trades on the 10 to 12 ones that I want to own.
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