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Free PP ETF Implementation
Posted: Thu Feb 28, 2013 11:58 am
by MachineGhost
I don't like some of the PERM components, specifically the silver. Silver lowers the return and increases drawdown to a PP portfolio. And I don't like the fund of funds fee on top of the underlying ETF fees.
So, is Schwab the only broker at the moment that allows you to setup a all four components of the strategic PP for free? I just want to make sure there isn't another contender before I open an account.
What about for free tax managed ETF's?
Re: Free PP ETF Implementation
Posted: Thu Feb 28, 2013 12:12 pm
by KevinW
AFAIK, yes, the only commission-free PP implementations are
SCHB, individual treasuries, SCHO, and SGOL at Schwab
PERM at ETrade
There are many brokers that let you trade everything except gold for free.
Re: Free PP ETF Implementation
Posted: Thu Feb 28, 2013 12:16 pm
by MachineGhost
So Schwab does not offer TLT or EDV for free?
Re: Free PP ETF Implementation
Posted: Thu Feb 28, 2013 12:20 pm
by KevinW
Here is the Schwab "OneSource" free ETF list:
http://www.schwab.com/public/schwab/inv ... ceETFs.asp
No TLT or EDV.
Also I should mention that Pointedstick said something about Schwab not supporting online individual bond sell orders. I haven't researched this.
Re: Free PP ETF Implementation
Posted: Thu Feb 28, 2013 1:08 pm
by dragoncar
Realistically, however, it's not free. There's either a spread loss or expense fee kickback or something.
Re: Free PP ETF Implementation
Posted: Thu Feb 28, 2013 1:20 pm
by rhymenocerous
You get free trades at WellsFargo (I think it's called WellTrade) if you have a certain level of assets with them. I think you get like 100 free trades per year, which is more than you would ever need to implement the PP.
Re: Free PP ETF Implementation
Posted: Wed Mar 06, 2013 6:20 pm
by cnh
MangoMan wrote:
rhymenocerous wrote:
You get free trades at WellsFargo (I think it's called WellTrade) if you have a certain level of assets with them. I think you get like 100 free trades per year, which is more than you would ever need to implement the PP.
I wouldn't go that route. It will cost you way more by placing the necessary assets with them than the commissions will cost you.
While not free, OptionsHouse has $3.95 stock/ETF trades. Have used them for years and they are fine.
I'm curious why WellsTrade "will cost...way more." I had a WellsTrade account, and I had not cost or trade-execution issues with it. I plunked something like $500 into a linked checking account and 100 trades per year were free. The linked accounts carried no recurring service fees. I closed the accounts, but only to simplify my "financial life."