By Adam Sharp Vanguard, a giant in the money management world, kicked off the new year by eliminating trading fees.
In doing so, Vanguard finally joined Schwab, Fidelity and most other large players. Now almost everybody’s offering free stock trades to customers.
Free stock trades, in some ways, are great. For someone investing $100 at a time, this is a huge win. Their fees go from 5% to 10% of the total amount invested to 0%.
It will be easier for investors to rebalance their portfolio weightings as well.
But I am concerned about the overall effect of free trades. My fear is that people who already …read more
