Apparently Charles Schwab just cut commissions to zero, which was always going to happen but feels plausibly sped up by RobinHood. (If you don’t understand why they could do that, c.f. https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/ … )
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You’ve talked about cash as a source of an indirect and hidden management fee via spreads. What do you do instead of cash?
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As in, what do I personally use allocatively? Not sure I’d recommend my strategy, given that my personal finances look like very few peoples’ (USD and JPY denominated liabilities, etc), but I round to 100% invested all of the time and rely on availability of credit for cushion.
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Very happy Charles Schwab banking customer thanks to their zero fee worldwide ATM reimbursement policy and excellent customer service. I don’t currently trade stocks but once I start, they have a customer for life.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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When I learned that my HSA *requires* that we keep at least $2k in cash, I thought “wow,
@patio11 wasn’t kidding”Thanks. Twitter will use this to make your timeline better. UndoUndo
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