3 ms·

Anyone want to share the gist of that article?

• maxerickson 7y ago
  Discount brokerages mostly make money on interest.
  • mrfusion 7y ago
    Interest on what though? Isn’t most money immediately invested or put in money market funds?
    • maxerickson 7y ago
      They offer their own money market funds that are below 'market' rate and collect the difference.
    • toast0 7y ago
      A lot of people leave some money in the sweep account, so it's liquid for future trades. Or leave it for a few days after a sale before transferring it out.