Guest fatboyslim1 Posted July 14, 2005 Posted July 14, 2005 I have a ROTH account with a full service brokerage firm. Does it cost me anything to sell and buy stocks or mutual funds on a regular basis. Do i pay my broker to make these transactions in my account. Do i pay any commissions when buying stocks in this account or selling. Thanks for the clear up.
QDROphile Posted July 14, 2005 Posted July 14, 2005 If you can't get this information from your broker, or you don't feel you can trust what you are told by your broker, you need to change institutions. Almost certainly you will pay, and pay, and pay.
John G Posted July 30, 2005 Posted July 30, 2005 There are costs of doing business - and stock or mutual fund transactions have costs. BUT, these can range from significant to nearly zero. When you choose a full service broker, you theoretically get advice and perhaps access to some interesting investments, and you pay on the high end of the cost range for these features. Note, I said theortetically.... lots of folks pay and get little in return.... and maybe worse churning of their account to generate lots of commissions. If you are willing to read about investing and take some time using discount/internet brokers or no-load mutual funds, you can severely reduce your commission costs. A full service broker is not likely to steer you towards no load funds, they make their money selling mutual funds with commissions.
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