Showerthought: My broker's 'free trade' offer at the local investor meetup last month made me check the fine print on every account fee.

I was at the meetup in Charlotte when he offered it, and I realized I'd been paying $7 per option contract with my old broker for years without even thinking about it.

2 comments

2 Comments

hugo64518h ago

That $7 per contract fee is the financial world's version of a hotel mini bar. You don't notice the tiny bottles until you get the bill and realize you just paid $12 for a bag of peanuts. My old 401k had an annual "record keeping" fee that was basically a charge for them to hold my own money.

felix_chen1017h ago

Actually, that's a maintenance fee, not for record keeping.