05-03-2014, 06:27 PM
Purely by chance, I stumbled into the best of all possible deals.
When I retired, my 401K was with Wells Fargo. At that time, WF offered a commission rate of $0 (that's right, 0$) for the first 100 trades per year, in perpetuity, if your total balance in all brokerage accounts was above some threshold. My balance qualified. I now have 3 accounts, each with 100 free trades per year - cash, IRA, Roth IRA.
WF has a broad sprectrum of sell side research. I happen to be interested in 2 types of high yielding securities, MLPs and BDCs, and WF offers what I consider to be high quality research for both.
For those who are interested, WF no longer offers this bargain. Trades are now $6 (for accounts valued at $250,000+), which is less than most others I have seen.
However, there is a gotcha (isn't there always?). This is something that interests me but that others in this forum may run away from. UBS has a series of 2x leveraged ETNs. My broker will not allow any of its customers to own the most recent of these. We customers can own BDCL, which started in 2011, but not CEFL or DVHL or MORL.
When I retired, my 401K was with Wells Fargo. At that time, WF offered a commission rate of $0 (that's right, 0$) for the first 100 trades per year, in perpetuity, if your total balance in all brokerage accounts was above some threshold. My balance qualified. I now have 3 accounts, each with 100 free trades per year - cash, IRA, Roth IRA.
WF has a broad sprectrum of sell side research. I happen to be interested in 2 types of high yielding securities, MLPs and BDCs, and WF offers what I consider to be high quality research for both.
For those who are interested, WF no longer offers this bargain. Trades are now $6 (for accounts valued at $250,000+), which is less than most others I have seen.
However, there is a gotcha (isn't there always?). This is something that interests me but that others in this forum may run away from. UBS has a series of 2x leveraged ETNs. My broker will not allow any of its customers to own the most recent of these. We customers can own BDCL, which started in 2011, but not CEFL or DVHL or MORL.