Schwab is now offering commission-free stock trades—here's what that means for you (via CNBCMakeIt)
, even if they are as low as $5 or $10, making avoiding them whenever possible the smart move.
While fewer fees are always a good thing for your investment account, there are a few things to keep in mind if you are thinking about switching to a brokerage offering free or discounted trades.There's more to picking a brokerage account than the commission. No-fee trades are enticing, but if you're opening an account, you'll also want to consider the broker's educational tools and investment research offerings.
Even if a broker advertises no-fee trades, you should also check that the other fees on their investment offerings — likeAnd make sure that the investments you want to buy are included in each broker's no-fee offerings.Just because trading has become less expensive at many brokerages doesn't mean you should trade stocks and ETFs in your portfolio more often.
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