Around 1995 I walked into a Schwab office to open my first brokerage account.
They had a newspaper-like pamphlet which:
1) Listed all the available mutual funds, promptly displaying expense ratios and loads (upfront percentage fees to buy the fund!)
2) “articles” which recommended choosing low-cost no-load funds
I’m forever grateful to Schwab for that early education. Schwab helped kill expensive stock sales commissions and loaded funds.
But +1 for Schwab not automatically investing cash in something that generates significant interest. So I need to take care of myself despite my emotional attachment to 1995-Schwab.
They had a newspaper-like pamphlet which:
1) Listed all the available mutual funds, promptly displaying expense ratios and loads (upfront percentage fees to buy the fund!)
2) “articles” which recommended choosing low-cost no-load funds
I’m forever grateful to Schwab for that early education. Schwab helped kill expensive stock sales commissions and loaded funds.
But +1 for Schwab not automatically investing cash in something that generates significant interest. So I need to take care of myself despite my emotional attachment to 1995-Schwab.
Statistics: Posted by ccieemeritus — Thu Aug 29, 2024 7:44 pm — Replies 12 — Views 661