How Much Does It Cost to Invest in 2022?
In this complete guide, we will discover all of the costs associated with investing to give you a thorough understanding of how much is needed to start investing.
1. Platform/Brokerage fee
Be sure to avoid brokerage account fees by choosing the right broker. Some accounts charge for inactivity and balances.
2. Trade commissions
Some brokers will charge each time you make a trade. You can find commission-free platforms but they may have limited options.
3. Sales load
This is more associated with mutual funds than normal stock investments, but there still used. Always ask before buying a fund.
4. Expense ratio
This fee is charged by funds like mutual funds, index funds, and exchange-traded funds. Look for the lowest fee to maximize your profits.
5. 401K fee
This is an administrative fee to maintain your 401K plan. It's often passed on to the plan's participants rather than the employer.
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