If It’s Free, It’s For Me: An Old Adage You Shouldn’t Rely On
In the news this week, several brokerage firms have started offering free online trading for U.S. stocks and exchange traded funds. That’s terrific, right? Not so fast! CFN’s John Walker and Dennis Jablonoski discuss what you should think about before even considering any perceived benefits of free online trading. John and Dennis share many cautionary notes including the importance of recognizing the vast differences between executing a solid investment or retirement planning strategy, and being an online stock trader. Free online trading may cause you to make more impulsive financial moves, and also can have tax consequences you may not have considered.
Program Length: 14 minutes