Zero Commissions

Zero Commissions

Over the past few weeks, the largest custodians in the country announced that they’re reducing the commissions they charge for the trading of stocks and ETFs to zero. Charles, Schwab, Springwater’s custodian and the nation’s largest, got things started on October 1,...

CDs, Treasuries and the “Yield Curve”

There is an old adage for investors that goes something like, “It’s not what you earn, but what you keep, that matters”. This of course relates to expenses like commissions and fees, but it’s primarily about taxes. After all, taxes are one of the few aspects of...

B is for Beta

A few weeks ago, we provided a brief introduction to the concept of investment “alpha.” Now that school has resumed across the country, we’ll turn our attention to the next letter in the Greek alphabet, “beta.” You’ll recall that alpha (denoted by the symbol α) is a...

Fund Expenses Hit Zero

We have been waiting the major investment management companies to announce this for a few years now. The fees these companies charge investors to their manage mutual funds and exchange-traded funds have been declining for some time. Investment management companies...