Advertisement
investing

Investing Fees Keep Falling

JPMorgan Chase drops some stock and ETF commissions.

With the launch of its new mobile trading platform, JPMorgan Chase became the most recent entrant in the investing world's battle to offer the lowest fees. The investing service, called You Invest, comes with no investment minimum and gives users 100 commission-free stock and exchange-traded fund trades in the year after opening an account. Investors can earn more free trading if they hold sufficient assets in certain Chase accounts.

The rollout comes shortly after Fidelity slashed its fees and began introducing mutual funds with a 0% expense ratio and online brokerage Firstrade announced that it will offer free trading on all stocks, ETFs and options. The brokerage firms' goal is to attract new customers, says Michael Venuto of investing firm Toroso Asset Management. Once you're a customer, firms will likely try to sell you more-expensive products, he says.

Advertisement - Article continues below

Cathy Seifert, an analyst at investment research firm CFRA, expects more firms to slash commissions. Beyond costs, investors should consider the tools and resources a brokerage platform offers. (see The Best Online Brokers, 2018.) "JPMorgan has a great reputation, but they're a late entrant" in the mobile brokerage business, Seifert says.

Advertisement
Advertisement

Most Popular

Medicare Basics: 11 Things You Need to Know
Medicare

Medicare Basics: 11 Things You Need to Know

There's Medicare Part A, Part B, Part D, medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare --…
September 16, 2020
Election 2020: Joe Biden's Tax Plans
taxes

Election 2020: Joe Biden's Tax Plans

With the economy in trouble, tax policy takes on added importance in the 2020 presidential election. So, let's take a look at what Joe Biden has said …
September 18, 2020
5 Unfortunate Estate Planning Myths You Probably Believe
estate planning

5 Unfortunate Estate Planning Myths You Probably Believe

These all-too-common misconceptions can steer your estate plans in the wrong direction right from the start. Here’s how to overcome them and tips to b…
September 17, 2020

Recommended

Bonds: 10 Things You Need to Know
Investing for Income

Bonds: 10 Things You Need to Know

Bonds can be more complex than stocks, but it's not hard to become a knowledgeable fixed-income investor.
July 22, 2020
Best Bond Funds for Every Need
Investing for Income

Best Bond Funds for Every Need

In a changing market, it’s important to remember why we hold bonds in the first place.
September 15, 2020
Does a 40% Bond Allocation Make Sense in Today’s Portfolios?
retirement planning

Does a 40% Bond Allocation Make Sense in Today’s Portfolios?

For many investors, the short answer is no. Here’s why, and what you might consider instead.
September 7, 2020
Is the Stock Market Closed on Labor Day?
Markets

Is the Stock Market Closed on Labor Day?

The good news: Stock markets and bond markets alike get the day off for Labor Day. But traders don't get an early start to the weekend.
September 5, 2020