04-06-2016, 10:43 AM
(04-06-2016, 06:36 AM)Caversham Wrote: As many of us know, one benefit of DGI is the low fees. We pay ~$5 once to buy stock, and there are no more fees associated with that stock purchase for the rest of our life. The government's proposed 1% annual fee is absolutely ridiculous. I will wait to see how things shake out, but I may need to change which brokerage manages my IRA.
A 1% annual fee would be a travesty and would do nothing but make the bankers richer and the masses poorer.
$1000 per year on a $100k portfolio? Absolutely ridiculous.