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Will Commission-Free Trades Change Investing?

Posted by Flanice Lewis on Oct 3rd, 2019 · 0 Comment

Charles Schwab, TD Ameritrade, and now Etrade have all demolished trade fees for purchasing and selling stocks. Now that they are commission-free, will this change how consumers invest? Should Robinhood be concerned? Matter of Time? Robinhood was the first investment firm I heard of that had no transaction fees. I quickly signed up in 2015 and told everyone I knew that it was the way to go if you...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Will Commission-Free Trades Change Investing?

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