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Commission Free ETFs
Old 01-04-2011, 03:56 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, 04:18 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.

"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."

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Old 01-04-2011, 04:38 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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