04-03-2014, 10:10 AM
I generally invest in increments of $500 with a transaction cost of $8.95. This allows me to make a purchase every other month based on contributions from me/my employer into the 401K.
The majority of the stocks I own fluctuate more than 1% on a daily basis, I'm really not concerned about paying a 1.8% commission to buy when I want to and it seems really silly to me to wait another two months to make a buy with a $1000 lot just so I can save 0.95% in transaction costs.
The majority of the stocks I own fluctuate more than 1% on a daily basis, I'm really not concerned about paying a 1.8% commission to buy when I want to and it seems really silly to me to wait another two months to make a buy with a $1000 lot just so I can save 0.95% in transaction costs.