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.

[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.