04-03-2014, 10:12 AM
I've always tried to keep my commission fees to less then 1/4 of 1%. I much prefer to have NO commission fees at all and that's why I strongly recommend using DRIP's and SPP's for those who can only afford small amounts or just want to eliminate fees. In fact it's the best method for those who are just starting out, can only invest small amounts or to invest for kids or grand kids.
DRIPS's re-invest all dividends, buying partial shares. Those partial shares add up quickly over the years! Avoid Mutual Funds & ETF's, even the smallest fee will eat up your long term profits.
DRIPS's re-invest all dividends, buying partial shares. Those partial shares add up quickly over the years! Avoid Mutual Funds & ETF's, even the smallest fee will eat up your long term profits.