Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
brianpgordon
on June 26, 2019
|
parent
|
context
|
favorite
| on:
How Discount Brokerages Make Money
IB's commission structure is great if you trade frequently, but not for the average "sock money away in index ETFs for retirement" kind of investor.
throwaway9d0291
on June 26, 2019
[–]
How so? Assuming you're buying say $3k of SPY each month, you'll pay $1/month. Why is that not great?
brianpgordon
on June 26, 2019
|
parent
[–]
If you have less than $100k in your account then you must spend at least $10/mo on commissions. If you fail to spend $10/mo then they'll just charge you the difference as an activity fee.
throwaway9d0291
on June 26, 2019
|
root
|
parent
[–]
That's true but I suspect most retirement accounts are worth the $100k.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
