5 ms·
Well for one, it's about disruption and change. The creators are more than familiar with brokerage, and it shouldn't be a shocker that most brokers do not opera
by smpetrey 10y ago
Well for one, it's about disruption and change. The creators are more than familiar with brokerage, and it shouldn't be a shocker that most brokers do not operate trades, it's mostly electronic.[1] If you're going to hold stocks for years, why not skimp on an $8 commission? If you make a purchase of 100 shares of $FB, it could save you at least $800 for that sale.
So the real question is, why not?
[1] https://www.youtube.com/watch?v=JwpQpFqzoAE https://www.youtube.com/watch?v=JwpQpFqzoAE
- jdmichal 10y ago> If you make a purchase of 100 shares of $FB, it could save you at least $800 for that sale. That's not how commissions work. They are per order, not per share.
- inthewoods 10y agoNot completely accurate - while most brokers are per order, you can use a broker such as Interactive Brokers which charge per share (with a minimum).
- jdmichal 10y agoYes, at $0.005 per share. It's pretty obvious that $8 is going to be a per order commission.
- soVeryTired 10y agoMost brokers don't charge per share. The good ones charge a fixed fee per trade. So if you trade three times a year you might pay $30.
- kingnothing 10y agoYou don't pay the commission per share, it's per transaction. Buying 100 shares of FB will cost $8, as would buying 10 shares.
- seattle_spring 10y agoCommissions are per trade, not per share...