I made some trades last week in my IRA account and found out that trade commissions have been slashed. They’re now $7.95 instead of $19.95. YAY!
I thought my fees were lowered because I was buying a foreign stock, but I thought that was weird because I’ve bought this stock before and paid a higher fee. I was worried I’d hit some upper trading tier that gets me a discount (a sign of too much active trading), but nope, it’s just their new fee structure kicking in.
I’m very glad about this since you can write off your investment costs, like trading fees and research materials you buy for investing (newsletters, subscriptions to Morningstar, etc.). But it also makes my thresholds for selling much lower than before.
Yippee!
PS – Winners of the TurboTax Giveaway will be notified and announced later today. No more entries please. Thanks.
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