Thursday, March 31, 2011

Banks and Brokers Need Review

Lately, I have been doing a lot of reserach on the fees that both the banks and the brokers charge. There is a tremendous difference with each broker. The biggest bargains are trading online. For example, Scott Trade only charges $7 per trade, and if they do the trade, $27. Contrast that with Wells Fargo. They want nearly $200 for each trade depending on the broker that you talk with. It pays to take the time to find out the facts before you select the firms you use. Also, banks have recently added extra fees for small checking accounts. Fancy Nancy Says: Do your homework before you select your bank and your broker. You will save money!

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