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

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4
votes
1answer
80 views

Rental Application Fees

I've been trying to find a new apartment. Each application I've submitted cost between $20-$35 and I've yet to find a new place. A lot of these places have me just write out a check which I never see ...
-1
votes
1answer
26 views

Why would an ETF rebate part of its management fee, rather than reduce it before?

[Moneysense.ca:] For taxable accounts, the Horizons S&P/TSX 60 Index ETF (HXT) is back from last year and should appeal to investors who focus on large-cap stocks. But the main reason for ...
0
votes
0answers
43 views

Transfer shares to avoid brokerage fees

I like Fidelity better than Vanguard in regards to web interface and customer service. Vanguard has better funds for the way I wish to invest. Since I plan to invest in a dollar/cost averaging manner ...
3
votes
4answers
924 views

Do I need to insure a large check when sending via mail?

My girlfriend has a bank account that is on hold because of a stolen debit card number. She recently signed a contract for 90k but has the first check in my name for 60k. She is stuck in London for a ...
32
votes
1answer
3k views

How does Fidelity make money off me?

I have an IRA account with Fidelity which I use to buy a handful of Fidelity mutual funds. Since they are Fidelity mutual funds, Fidelity does not charge commission on them. So how then does ...
2
votes
1answer
60 views

Pros and cons of different methods to transfer money from India to the U.S.?

I live in India, and I'd like to transfer money to a friend in the U.S., to settle a debt. Which of the following options work well: Give a rupee-denominated cheque. This would be denominated in ...
0
votes
1answer
41 views

Does an online business selling across the USA would need to file for foreign qualification in each state?

I have been looking at the rules for an all online transactional company. If I make sales in all US states, do I need to file for foreign qualification if I have a Nevada LLC?
0
votes
2answers
130 views

When do you pay the annual fee for a credit card?

This may seem like an obvious question but there seems to be no other resource online explicitly explaining this. Say I have a credit card with an annual fee of $X. Do I pay $X when I apply for the ...
1
vote
2answers
49 views

Investment partition for German student

Currently I am a student and planning to finish in about 6 month. At the moment I have a monthly income between 1000 EUR and 2000 EUR and are saving about 70% of it. I have savings of about 52k EUR ...
0
votes
0answers
60 views

Lower-cost index funds vs. managed (higher-cost) tax-advantaged IRAs?

If having to choose between a non-retirement lower cost index fund and a managed higher cost IRA (both traditional and Roth), which is less impeded and likely to grow more long-term? Put another way, ...
7
votes
2answers
170 views

Do “growth of $10k” charts for mutual funds account for fees? I've found conflicting information

I've had several people advise me that the growth of $10k charts that you see for mutual funds, and provided by, e.g., Morningstar, account for the expense ratio of that fund (but not sales loads). So ...
2
votes
2answers
161 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 ...
6
votes
2answers
611 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
69 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
77 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
96 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
90 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
63 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
85 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
139 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
101 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
1k 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
123 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
417 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
101 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
239 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
89 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
78 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
76 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
104 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
186 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
15k 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
337 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 ...
9
votes
4answers
547 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
154 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
82 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
92 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
772 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
113 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
904 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
715 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
903 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
99 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
148 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
147 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
549 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
210 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 ...