Comments on: Did you spend too much on trading stocks? http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: ML http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/comment-page-1/#comment-2250 ML Fri, 19 Jan 2007 15:03:02 +0000 http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/#comment-2250 There is actually another catch with Bank of America. They charge a semi-annual account maintenance fee, about $50 I think. The fee is waived if the account balance is over $50k. There is actually another catch with Bank of America. They charge a semi-annual account maintenance fee, about $50 I think. The fee is waived if the account balance is over $50k.

]]> By: Lauriston http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/comment-page-1/#comment-2248 Lauriston Fri, 19 Jan 2007 03:48:57 +0000 http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/#comment-2248 Commissions really eat into profits. Especially for daytraders who make tens of trades a day. I gave up daytrading for swing trading for that reason and now I am doing a lot better, especially with options combined with stocks. Today was good for puts, especially with volatility increasing. Options commissions are a little higher than stocks, but nothing like they were only 7 years ago!! http://lauristonletter.blogspot.com/ Commissions really eat into profits. Especially for daytraders who make tens of trades a day. I gave up daytrading for swing trading for that reason and now I am doing a lot better, especially with options combined with stocks. Today was good for puts, especially with volatility increasing. Options commissions are a little higher than stocks, but nothing like they were only 7 years ago!! http://lauristonletter.blogspot.com/

]]> By: Frugal http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/comment-page-1/#comment-2247 Frugal Fri, 19 Jan 2007 02:03:30 +0000 http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/#comment-2247 Didn't I mention IB or Interactive Brokers before? Maybe I forgot. They are very good & cheap, but not free. Bank of America does require $25000 cash park at their bank. For my family, it will probably make my wife feel more secure than parking my $25K at an internet bank. Didn’t I mention IB or Interactive Brokers before? Maybe I forgot. They are very good & cheap, but not free.

Bank of America does require $25000 cash park at their bank. For my family, it will probably make my wife feel more secure than parking my $25K at an internet bank.

]]> By: Andrew http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/comment-page-1/#comment-2245 Andrew Thu, 18 Jan 2007 20:29:34 +0000 http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/#comment-2245 I have accounts with Bank of America. The "catch" with their free trading is that you have to park > $25,000 in a combination of checking and savings. Good for those who can keep that in cash...for those of us who would like to keep a larger portion in the market, that's a 'deal breaker'. I have accounts with Bank of America. The “catch” with their free trading is that you have to park > $25,000 in a combination of checking and savings.

Good for those who can keep that in cash…for those of us who would like to keep a larger portion in the market, that’s a ‘deal breaker’.

]]> By: moneymonk http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/comment-page-1/#comment-2244 moneymonk Thu, 18 Jan 2007 17:44:35 +0000 http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/#comment-2244 Bank of America is offering free online trading. I did not know that! Good info Frugal. I guess by 2008, all banks will start the trend. Bank of America is offering free online trading. I did not know that! Good info Frugal.

I guess by 2008, all banks will start the trend.

]]> By: MillionDollarJourney.com http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/comment-page-1/#comment-2243 MillionDollarJourney.com Thu, 18 Jan 2007 13:49:06 +0000 http://www.1stMillionAt33.com/2007/01/did-you-spend-too-much-on-trading-stocks/#comment-2243 Hey Frugal, Great site you have here! If you are actively trading, you may want to consider Interactive Brokers. $1USD for us trades and $2 cad for Canadian trades. If you are from Canada, I have written a review on my blog of various discount brokerages: http://www.milliondollarjourney.com/review-canadian-discount-brokerages.htm All the best, FT Hey Frugal,
Great site you have here! If you are actively trading, you may want to consider Interactive Brokers. $1USD for us trades and $2 cad for Canadian trades. If you are from Canada, I have written a review on my blog of various discount brokerages:
http://www.milliondollarjourney.com/review-canadian-discount-brokerages.htm

All the best,
FT

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