http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 04:49:32 -0500 http://wordpress.org/?v=abc hourly 1 http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/comment-page-1/#comment-117655 Christopher Smith Thu, 29 May 2008 16:24:21 +0000 http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/#comment-117655 I have accounts at both E*Trade and Zecco. Zecco not only charges IRA fees but also a pretty high (~$20) commission for mutual-fund transactions, which are a pain even so. All of my (taxable) individual-stock buying goes through Zecco, but my IRAs, which I fill up with E*Trade's incredibly low-cost index funds, are staying at E*Trade. I have accounts at both E*Trade and Zecco. Zecco not only charges IRA fees but also a pretty high (~$20) commission for mutual-fund transactions, which are a pain even so. All of my (taxable) individual-stock buying goes through Zecco, but my IRAs, which I fill up with E*Trade’s incredibly low-cost index funds, are staying at E*Trade.

]]> http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/comment-page-1/#comment-117643 Ed Thu, 29 May 2008 03:20:07 +0000 http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/#comment-117643 I am actually looking at using Zecco. I would like the free trades and I don't do more than 10 a month. I currently use sharebuilder and even though the Tuesday purchase is $4, it is $4 more than I want to spend. I am actually looking at using Zecco. I would like the free trades and I don’t do more than 10 a month. I currently use sharebuilder and even though the Tuesday purchase is $4, it is $4 more than I want to spend.

]]> http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/comment-page-1/#comment-117640 Lo. Price Wed, 28 May 2008 22:28:57 +0000 http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/#comment-117640 Interesting perspective, Kyle. Personally, I don't know why Zecco didn't win the Commission and Fees category. I know their IRA fees aren't great, but there are no annual fees for a regular taxable account and of course they offer free trades with a fairly low minimum. For me, that is the key and that is why I use Zecco. Interesting perspective, Kyle. Personally, I don’t know why Zecco didn’t win the Commission and Fees category. I know their IRA fees aren’t great, but there are no annual fees for a regular taxable account and of course they offer free trades with a fairly low minimum. For me, that is the key and that is why I use Zecco.

]]> http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/comment-page-1/#comment-117635 Kyle Wed, 28 May 2008 15:00:45 +0000 http://www.fivecentnickel.com/2008/05/28/smartmoneys-best-and-worst-brokers/#comment-117635 I've heard rave reviews of Interactive Brokers, but mostly from short-term traders. Whereas long-term investors really only care about comissions, traders place much more emphasis on quality of execution. When just a few seconds can make a big difference, it's unwise to quibble over a few dollars on the comission when speed of execution is what really matters. I’ve heard rave reviews of Interactive Brokers, but mostly from short-term traders. Whereas long-term investors really only care about comissions, traders place much more emphasis on quality of execution. When just a few seconds can make a big difference, it’s unwise to quibble over a few dollars on the comission when speed of execution is what really matters.

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