Looking at the Etrade fee system, and it's nuts! You have to pay them to do anything, including a $40 quarterly "account fee" unless you had activity on your account, or had more than $20,000 in their bank account, etc etc.
Also the fees for a normal joe are $12.99 per trade. So I'm assuming that's $25 to buy and sell a stock.
Many other places have a $25-30 "minimum fee" too for each transaction.
I understand it's not that much for any serious investor, but wouldn't a whole lot more people be putting money into stocks if they could buy a few hundred bucks here and there on a bunch of different companies?
As it is, you'd really need to be buying at least $2-5k into each stock to really have it make sense.
Why such a high barrier?
Also the fees for a normal joe are $12.99 per trade. So I'm assuming that's $25 to buy and sell a stock.
Many other places have a $25-30 "minimum fee" too for each transaction.
I understand it's not that much for any serious investor, but wouldn't a whole lot more people be putting money into stocks if they could buy a few hundred bucks here and there on a bunch of different companies?
As it is, you'd really need to be buying at least $2-5k into each stock to really have it make sense.
Why such a high barrier?
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