Tired of paying high brokerage fees? Looking to lower your brokerage commissions? Charles Schwab recently began offering free ETF trades when you open a brokerage account with them. Are the benefits worth it?
ETFs Available To Trade Free Now
Schwab US Broad Market ETF (SCHB)
Schwab US Large-Cap ETF (SCHX)
Schwab US Small-Cap ETF (SCHA)
Schwab International Equity ETF (SCHF)
Available In December
Schwab US Large-Cap Growth ETF (SCHG)
Schwab US Large-Cap Value ETF (SCHV)
Schwab International Small Cap ETF (SCHC)
Schwab Emerging Markets Equity ETF (SCHE)
Are Charles Schwab’s ETFs Right For You?
If you are a investor looking for longer-term investments or trades and like using indexes; then these ETFs are worth looking at. For traders and shorter-term investors, the volume is too low for me to recommend them. When trading stocks and ETFs (other than the Schwab ETFs listed above), commissions rates are $8.95 – $19.95, depending on the amount of trades placed.
Understand that commission free trading is nice, but with Charles Schwab, you are limited to a few ETFs that you can trade. If the volume rises in these ETFs, it might be worth looking into. For now, the products are too limited and commissions on other ETFs and stocks are higher than most online brokers.
Get more information on opening an account and Charles Schwab ETFs @ www.schwab.com.
Tags: Brokers, ETFs, Investing, TradingStumble it!
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