Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
If you are opening an IRA, you cannot select the "$14.99 all you can trade" or the "$6.99 with two trade option". IRA's are exempt from B&H's monthly charges and these offers. Probably because these accounts are subject to maximum contributions annually and that some would feel being forced to be in either plan would be a huge expense for an IRA ($83.88 for the $6.99 option and $179.88 for the $14.99 option)

Within an IRA, if you do not establish a monthly E-Zvest within 30-days of opening the account, they will charge you $25 on an annual basis. Your trades for an IRA are $2.99 per trade period. So you have to weigh whether you will at least buy one stock a month via e-zvest at $2.99 per trade ($35.88 for a year based on 12 trades at $2.99), or buy infrequently during the year and incur $2.99 every so often and pay $25 annually. Here is a list of the charges... http://www.buyandhold.com/bh/en/about/fees.html . In the end, it all depends on the number of times you will trade and how much you will fund your IRA.

Mike
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement