Free ETF Trading (Fidelity)

[safari]

I went to the Fidelity website this morning and noticed that starting today they are offering free trading on 25 iShares ETFs. This is a great news for the people who don't have a large sum of money to invest because they can get diversification by buying different ETFs commission-free. ETFs have a couple big advantages over mutual funds:

1. No minimum amount to invest. You can buy a single share of an ETF and pay $0 commission.
2. You can sell ETF any time with no commission, unlike no transaction fee mutual funds where you often have to pay a fee if you sell within a certain period.

In addition Fidelity lowered their commission to $7.95 on all other trades, which is a pretty good price.

More Info Here

[Slug]

Yes, this was a great response to Schwab's free ETF trades on their ETF's and reduced commissions. I wish Ameritrade would jump in the fray.

[tripods68]

We already have my kids 529 plan and wife IRA through Fidelity. I'm thinking of switching to them from TD Ameritrade personally......I was shock when i saw that too

[feh]

Can somebody tell me how much Fidelity charges for mutual fund purchases? Thanks.

[atomicrc11]

Fidelity charges no fees on all of their funds and thousands of no transaction fee funds. It is $75 if you want to purchase a mutual fund that isn't on the NTF list, however you can pretty much get anything you want on that list.

[Carson Casey]

All I know is that oil & gas ETFs work by rolling over gas/oilfutures.The Gas/oil futures can be in Contango or backwardation. Contango is usual (where the future is dearer than spot. therefore the rolling over of contracts )sell spot buy future) costs money. This effects the price of the ETF.

[Paladin26]

Can you tell me what this means for a stock/trading noob.

I would like to do some trading once in awhile to try to diversify my portfolio however I have no idea how this works.