Quote:
Originally Posted by Slava
The other thing, and this might be seen as condescending as well, is that free trades just encourage bad investor behaviour. It encourages people to trade more because it's frictionless, and frankly, more trading will likely mean poorer results. You get the poorer results and suddenly those fund portfolios they offer the easy switch into don't look so bad, and voila....you have the investors paying the higher fee from what began as a free trading account.
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I was going to make this point but had held my tongue... At times I wonder if switching from TD ($10/trade) to something cheaper would be better, then I remind myself that I shouldn't be trading enough for that to make a difference. 'Be Boring - Make Money'.