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Last I checked, Folio Investing only let you have a set number of virtual portfolios, (those without real money in them), and would let you have more than four real portfolios, (ones that you had put real money in). I don't know if they still have the same limitation number on the virtual portfolios, nor if the number is still four, but that is what I meant by "free". If the limitation is still there, after your four virtual portfolios you would have to open a real-money account to be able to set up any more portfolios.

It is not four 50k portfolios, by the way. Folio has a limitation that each portfolio can only contain a max of 50 stocks each. (Actually, it would be a combination of stocks, bonds, mutual funds, etc. for a total of 50 different investment entities.) They don't care too much about the dollar value of the combined 50 stocks. So what I am saying is that if you wanted to own 200 stocks, (the CAPS limit), you would need to set up four separate portfolios of 50 stocks each to get you to that 200 number. As far as I know, you could have one dollar invested in each of those stocks, for a total of $50 in each portfolio and a total of two hundred dollars total for all 200 stocks owned, and Folio would not care. All they would care about is their monthly fee.

Hope that clarifies what I meant.

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