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Author: rkmacdonald Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76388  
Subject: Re: Scottrade for IRA - can't be that good? Date: 12/12/2004 2:52 PM
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Author: secemad | Date: 12/12/04 2:44 PM | Number: 43539
I am considering rolling my 401K into IRA in Scottrade. I visitted Scottrade website and read the posts here on it. It just seems unbelievable:
- low commission fee on stock trades
- mutual funds cost the same as if having an account with the fund family.
How is Scottrade making money? Same with freetrade.com?

Could it be hidden costs? Scott Burns wrote in the Dallas Morning News about something similar: http://www.dallasnews.com/business/scottburns/


A new study shows that mutual fund investors pay substantial expenses they don't even know about. In some instances these expenses are larger than the easily obtained "annual expense ratio" figure – so it is possible that some of your fund choices cost twice as much as you think....

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