No. of Recommendations: 0

Angel - I buy mutual funds at Schwab because it doesn't cost me anything and all of my investments (except for my 401(k)) are in the same place - easy recordkeeping. :)


As long as it costs you nothing -- not even 12b-1 fees or high management fees within the funds, then I can't see anything to object to.

I'm not sure what Schwab gets out of it, but ... not my business as long as it wouldn't affect me. My best friend also buys funds through Schwab -- for the same reason you listed.

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