generic tag to be used for questions related to fees. Ideally to be accompanied by other subject tags

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2
votes
2answers
78 views

Should I move out of my actively managed IRA at Fidelity and put it all in index funds?

I have an IRA at Fidelity. It is where I have rolled old 401k plans into. Currently, I am paying Fidelity to actively manage the account. It is currently invested is many mutual funds, bonds and ...
5
votes
2answers
511 views

Is Buying American Shares in Canada a Good Idea?

I am looking at buying some American based shares such as SPY (the S&P 500 Index ETF), but I am in Canada. I am wondering if buying something like this will have any consequences (e.g. I have to ...
1
vote
1answer
26 views

Freelance site with lowest commission fees? [closed]

I got a gig from one of the company via email & interviews and they made me a good offer. They want me to start this collaboration via Elance and when I looked at the fees/charges on Elance I ...
0
votes
4answers
44 views

How to avoid/limit currency exchange fees?

I live in the US, work in the US, and have a US bank account (Wells Fargo). I've often been travelling into Canada as of late, and I find the conversion fees are quite expensive when I use my credit ...
0
votes
1answer
62 views

In what circumstances will a bank waive the annual credit card fee?

I've had my credit card for two years. I use it extensively for all kinds of purchases and I have never gone over my limit or incurred a late payment fee. The card has an annual fee and I was ...
22
votes
3answers
4k views

Am I obligated to file through a tax preparer after an unsatisfactory consultation?

I have been doing my taxes for 25 years with TurboTax. Like others, I was a bit upset at them for doubling the price of their software, so I decided I would make an appointment with H&R Block, ...
3
votes
1answer
75 views

What are the trading cost differences between stocks and mutual funds in 401k account?

I am confused about the mutual fund investment minimums and buying commission fees. I've been searching these question on the internet but no good answers. Hope someone can answer my questions below ...
4
votes
1answer
44 views

Does mutual fund front-load fee count toward IRA contribution limits? [duplicate]

I want to max out my IRA and I am investing in a mutual fund with 5% front-load fee. Does that mean that I can contribute $5,500 max for IRA but have real IRA balance $5,500 less $275 = $5,225 as a ...
1
vote
1answer
73 views

How does shorting ETFs work? What are the costs and tax implications?

If I short an ETF stock, how does it work from the cost and tax perspective? Do I get charged ETF expense ratio? (does not make sense to me) If underlying stocks issue dividends, am I charged them? ...
2
votes
2answers
120 views

IRA advisory fee?

I have a traditional IRA which I rolled my previous employer's 401(k) into. I've noticed that there seems to be a quarterly advisory fee, which seems to be about 0.5%. Is this reasonable? I ...
0
votes
0answers
70 views

What does it mean: 'Bank fees are a write off'?

...quite willing and ready to pay by paypal or by direct wire to a bank. Paypal just takes time getting used to your financial transactions, and as for banks, bank fees are a write off. ...
8
votes
2answers
927 views

What are reasonable administrative fees for an IRA?

I have a couple of IRAs (one roth, one traditional), at a local credit union for state employees where I live. I'm fairly young, so the money has simply been in interest-bearing accounts to date. ...
2
votes
2answers
108 views

Will I, as a CS student, be allowed to take loans for paying the fees of Ivy Leagues?

I am non-US citizen hoping to study in US. I have a good chance of getting admitted in one of the Ivy leagues in US. Considering that my family has no property large enough to take a hefty loan on, ...
5
votes
6answers
308 views

Principal 401(k) managed fund fees, wow. What can I do?

I was looking over my end-of-the-year finances and noticed some really disheartening details about my company's 401k. The company holds a plan through Principal, and the managed 'target date style' ...
3
votes
2answers
79 views

Can I request to change 401k offerings from my employer, e.g. to invest in ETFs?

My wife and I have 401k accounts, but they only offer mutual funds. I do not want to invest in mutual funds and pay their large fees. What are my options to invest 401k money into ETFs, bonds, and ...
3
votes
1answer
154 views

Overnight charges for brokers holding stocks?

I'm trying to learn about stock markets. I eventually want to invest a small amount over a long period. Yet, I notice on a lot of broker sites that they tend to charge an overnight fee for any stocks ...
5
votes
1answer
63 views

What are the fees in a targeted retirement fund?

I own the American Funds 2030 Target Date Retirement Fund (AAETX). AAETX owns a collection of other funds such as New Perspective Fund (ANWPX). Am I paying a fee for both AAETX and the underlying ...
0
votes
1answer
68 views

No Load & No Transaction Fee, are there any hidden costs?

E*Trade offers some mutual fund trades with No Load & No Transaction fee's. Are there any hidden costs? Or down the road when I pull my money out can I be assured that I am privy to all the ...
2
votes
1answer
61 views

How does CD early withdrawal fee work?

I am looking at one of the "internet banks" and they have CDs for 1 year at 1% and 5 years at 2%. The early withdrawal fee for 5 year CD is 150 days of interest. Doesn't it mean that 300 days the CD's ...
16
votes
7answers
1k views

Investing small amounts at regular intervals while minimizing fees?

My daughter is about to turn one year old and I'd like to start some sort of investment account for her. The purpose would be to invest her birthday and gift money into the stock market each year. I'd ...
1
vote
3answers
87 views

Best way to find a no-surcharge ATM in my area?

Is there any easy way to find an ATM, by location search, that doesn't have any surcharges? The closest thing I could find to a generalized solution is sponsored by All Point, so it only returns their ...
3
votes
2answers
121 views

How do foreign transaction fees show up on credit card statements?

How do foreign transaction fees show up on credit card statements? Are they usually itemized out? Is the purchase price on your statement just 3% higher if you have a 3% foreign transaction fee? Is ...
2
votes
5answers
7k views

Why do grocery stores in the U.S. offer cash back so eagerly?

Most grocery stores and Walmarts I've been to ask you how much cash back you want as one of the steps you punch in after you swipe your credit card. This happens after you have swiped your card so ...
3
votes
4answers
266 views

Why do the banks charge a foreign transaction fee?

Could somebody please explain why some banks charge a fee for card transactions made in a foreign currency? For example, for a debit card transaction, as far as I know, the exchange from the foreign ...
8
votes
4answers
532 views

Why the different fees for credit and debit card payments?

Could somebody explain why the merchants are charged different fees when the customers use credit and debit cards?
1
vote
2answers
129 views

Online brokers with a minimum stock purchase lower than $500

Right now I am considering starting investing in stocks on my own and using the Commonwealth Bank Comsec to do it. What's stopping me is not the $20 brokerage to buy, and then another $20 to sell. ...
1
vote
2answers
67 views

Double-entry bookkeeping conundrum - how to log built-in fees?

So today I was trying to figure out how to do some double-entry bookkeeping for one of my projects. The service is similar to a bank teller - it accepts money on one end, charges some fees, and gives ...
1
vote
1answer
88 views

What does it mean to be a “high fee” or “low fee” 401k?

I keep hearing the phrases 'high fee', 'low fee' 401k. What fee range constitutes high or low fees?
2
votes
1answer
518 views

Is it possible to get a debit card for a non-US-citizen nephew without foreign transaction fees?

Here is my predicament: I am a US citizen, and I have a nephew in Russia, who is not a US citizen, and whom I would like to support financially. I have easily been able to make him an associated user ...
1
vote
1answer
102 views

Why do you think there is a difference in these 2 funds' expense ratios?

For my 401k my employer offers 49 different investment options. The default option is the FID FREEDOM K 2055 (FDENX) which I have been in for the past year. I recently dug around checking out all the ...
4
votes
1answer
682 views

What happens to checking account monthly fees when you have a 0 balance?

Many checking accounts charge a monthly fee if you don't maintain a minimum balance or other qualifications. However, what happens if you have a $0 balance and they can't deduct the monthly fee from ...
9
votes
2answers
592 views

Frequency of investments to maximise returns (and minimise fees)

If I have a certain amount of money to invest regularly, how do I calculate the amount to let accumulate in my bank before I make that investment, assuming there is a fee associated with each ...
0
votes
1answer
589 views

When does a mutual fund's “expense ratio” deducted? [duplicate]

In a mutual fund's prospectus, there is usually an annual "expense ratio", representing annual expenses of that fund as a percentage of the net asset. When/how does this get deducted? I'm curious how ...
3
votes
1answer
91 views

How to save money on currency conversion

I do business with a few companies in the United States, and as such, get paid in US currency for my services. I have a US account with my bank, but anytime that I make withdrawals from this account, ...
3
votes
2answers
139 views

UK university student finance - should I use my sponsorship money to pay the debt?

I am in the fortunate situation of having both an unconditional offer for a (UK) university I really want to go to, and a sponsorship offer from the company that I have worked for in my gap year, in ...
1
vote
2answers
130 views

Can an ETF's expense ratio (fees) change after I buy it?

In researching ETFs I've found a lot of dire warnings about expense ratios. Evidently, they can really eat up your money. Ok, so look for funds with low expense ratios. But, if I understand this ...
17
votes
3answers
486 views

How to invest in stocks without using an intermediary like a broker? Can shares be bought direct?

I am looking to buy stocks but I would like to do so without a broker. From what I can tell, the exchanges are good ole boys clubs that require you know (or pay) someone in order to participate. Am I ...
8
votes
3answers
199 views

ETF vs Mutual Fund: How to decide which to use for investing in a popular index?

How do you decide between investing in an ETF, vs. in a mutual fund, for the popular stock indexes? Trading costs, tax efficiency, capital gains?
1
vote
1answer
45 views

How do deferred sales charges affect cost basis for first-in, first-out sales?

Consider a mutual fund with a 5.75% load fee. However, there is a contingent reduction in that fee to 5% if you intend to invest $25,000 with the fund company over a 20-month period. You select to ...
2
votes
1answer
352 views

Passing money through a different account to avoid cash pay-in fees

I have recently sold some company assets (not a large figure) and the buyer insisted on paying cash. My question is, my BUSINESS bank charge 0.6% on cash deposits, which is annoying - In theory, is ...
0
votes
2answers
364 views

What is a “single side debit: QMC charges” in bank transactions?

My bank account is debited with description single side debit QMC charges. For what purpose the single side debit is charged. BANK NAME: CITY UNION BANK COUNTRY: INDIA
3
votes
2answers
621 views

What's a recommended minimum amount for buying an index ETF, to minimize fees/commissions?

Let's say every month I transfer $559, which is about 3 shares of VOO. The commission from Fidelity is $7.95, which is about 1.42%. Is it worth doing that, or better, every other month buy worth of ...
1
vote
3answers
108 views

Why is early exercise generally not recommended for an in-the-money option?

Why is it said that early exercise of a (call) option is not recommended and it is always better to sell the option instead? Is it just to avoid assignment fees? Of course, we assume that the option ...
4
votes
3answers
587 views

Possible to purchase multiple securities on 1 transaction?

I'm curious, can I purchase multiple securities from my online broker (TD Ameritrade) in 1 transaction? i.e. Purchase ABC and XYZ at same time, but only pay the transaction fee ($9) once.
5
votes
1answer
756 views

Why are wire transfers and other financial services in Canada so much more expensive than in Europe?

Why are wire transfers in Canada so expensive compared to Europe? The simple answer I've seen is because bankers are crooks, but I find that this oversimplifies the situation — I don't believe ...
1
vote
1answer
1k views

What does a reorganization fee that a company charges get applied to?

Recently, one of my holdings underwent a reverse split. I was surprised (but not all that surprised) that there was an additional fee of $20.00 assessed, labeled as a "reorganization fee". This was ...
3
votes
1answer
60 views

Limiting Fees for Monthly Contributions

I'd like to start making more investments throughout the year to maximize earning potential with the goal of long-term financial growth. I've gone through the process of setting up a portfolio on TD ...
3
votes
1answer
46 views

Filing late taxes in October

I'm a non-resident alien in the US with a work visa. All this taxing process is new for me since I moved into the US on July 2012 as my first job and never knowing much about tax processes here. Then ...
2
votes
1answer
88 views

Invoice for solicitors fees when selling house in the UK

We have had conflicting information: Some solicitors take their fees (balance) prior to transfer of sale funds to seller. Solicitor must submit invoice prior to disbursement, and that seller can ...
0
votes
1answer
865 views

What's the maximum single withdrawal amount from an ANZ bank ATM in Laos?

I'm travelling in Laos and it's time to withdraw some money. Now because all the fees between my home bank, the local bank, the local country, sub optimal spread for the currency conversion, and ...