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I buy schwab and vanguard ETF equivalents of their mutual funds, and I get charged no commission when buying and selling them directly from them. So where do t
by mahyarm 12y ago
I buy schwab and vanguard ETF equivalents of their mutual funds, and I get charged no commission when buying and selling them directly from them.
So where do they generate commissions as a company, compared to a person buying & selling their ETFs with a 3rd party exchange?
- danjayh 12y agoETFs, like mutual funds, have an 'expense ratio'. Basically they skim a certain amount of the fund's assets off the top to cover expenses & profit.