Heard a guy at the diner say his broker's 'free' trades actually cost him more in the long run.

He was arguing that the higher spreads on a no-commission platform ate up his small, frequent gains, which makes me wonder if a flat fee per trade is actually cheaper for active traders.

3 comments

3 Comments

alice9913mo ago

Oh man, my buddy learned that lesson the hard way last year.

sethp263mo ago

Honestly, my cousin messed up his taxes pretty bad too and it just meant a late fee. How hard of a lesson are we talking? Sometimes people make it sound way worse than it really is.

diana_park12d ago

Oh jeez, "just a late fee" is like saying a toothache is "just a little pain." I mean sure, if you're lucky it's just a slap on the wrist, but the IRS can get real creative with those "oops" charges if they feel spicy.