Relative newbie needs help with etfs

Question

I have mutual funds but want to explore etfs.I just set up a Roth acc&#x27;t. at Schwab.When looking at some SPDRS  prospectuses I see a $500 transaction fee ?I only have 4k there and am a little confused.Was also looking at some proshares also. I&#x27;m trying to figure out what my expenses would be excluding trading costs.

Contrarian · Answer

I have mutual funds but want to explore etfs.I just set up a Roth acc&#x27;t. at Schwab.When looking at some SPDRS  prospectuses I see a $500 transaction fee ?I only have 4k there and am a little confused.Was also looking at some proshares also. I&#x27;m trying to figure out what my expenses would be excluding trading costs.

wallstreetcappers · Answer

That isnt accurate, you might be thinking there are 500 buck MIN trades to enter the ETF, but no way should there be 500 buck fees on it.

You might also look at general ETFs versus specialized products.. ETFs trade like stock and I dont think there are any restrictions.

LeRinkRat · Answer

I see a $500 transaction fee?&#xD;&#xA; &#xD;&#xA;$500 for a TRADE?  &#xD;&#xA; &#xD;&#xA;you need to transfer that account to TD Ameritrade (who I use), Scotttrade or Fidelity right fucking NOW. your getting FUCKED like a HOUSECAT

Relative newbie needs help with etfs

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