No. of Recommendations: 0
I have a Vanguard Brokerage account. $25 per online trade. Mine has been inactive while I search for a better discount broker. VBS is convenient, no inactivity fee, but I really have to assess whether the $25 every now and again for the convenience of "one stop shopping" is worthwhile for me. I have my IRAs with them too.

The costs begin to mount when you realize that you have to open a money market fund to fund the brokerage account. You have to keep $2500 in it to avoid a $10 low balance fee and min $10K I think to avoid another maintenance $30 fee. (I'm not actually sure if that's what the fees are for, I just know that's what I pay.) I used to justify the cost as a convenience because I don't do a lot of trading, but since I've been on TMF, I see it's really exorbidant. I'll be changing soon even though I'll stick with Vanguard's index fund for my IRA. I might reconsider if they used a combined amount in all of your accounts to come up with the min balance, but they don't. It's per account, which is kind of unfair.

Lieve
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