It’s a bad brokerage quality brokerage but you don’t need your 7 year old in a good brokerage you need them to know that there is a choice between buying $100 of Apple stuff or buying $100 of Apple’s business.
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“Explain to me why that would be a bad brokerage.” If you’re maximizing for returns you can find cheaper ways to buy the same financial instruments, and the drag on returns would be significant if you did this for a decade. But I assume you’re paying for the education.
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$5 commission on a $20 trade is highway robbery for sure.
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Think it is 99 cents?
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yo does this mean I can now physically rob a store to become a shareholder
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Do they have Walmart or Costco shares? Just wondering.
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They got wishlists. Even from just a financial educational pov, it's worth the relatively high fees.pic.twitter.com/81S4JglIUg
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I’ve always thought that “give the gift of compound annual interest” would be a great business and helpful to society
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However, in my research of this, I discovered that the us college financial aid system essentially takes all assets in the child’s name to count toward paying for college so you’re much better off having a 529 plan if you have any chance of getting financial aid.
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What a cool idea. I am only concerned that there’s 1 row for index funds and all the rows for individual stocks. I’m sure it based on what consumers are likely to purchase, but still
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