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URL:  https://boards.fool.com/2500-for-amounts-over-1000000-all-well-and-34079560.aspx

Subject:  Re: Merrill Edge Date:  12/8/2018  9:23 AM
Author:  Rayvt Number:  91034 of 95637

$2500 for amounts over $1,000,000.

All well and good, and $2500 is $2500....

But: 2500/1,000,000 = 0.25%.

Kinda the same reason why I don't get excited anymore about commissions of $4.95 vs. $3.95 vs. $0.

$50,000 of a 100$ stock is 500 shares.
A 2 cent spread is $10. That is not only small compared to $50K, it is also larger than the commissions.
You'd save more money by watching the quotes like a hawk and jump on it when you see a 2 or 3 cent spike.

Not that I would spurn somebody handing me a $5 bill...or a $2500 check. Just that it's negligible in the overall picture.

I've toyed with the idea of transferring a rollover IRA account between Merrill and Etrade annually, to collect a $600 bonus every year. Haven't bothered to do it. Has anybody here done it? Why not?
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