After saving for a couple of years, about half a year's salary has accumulated in my savings account and I now want to start investing long term in index funds, however if I open a securities account it has to be with my current employer (a financial institution) due to compliance reasons.
There's only one problem: even with the employee discount I still have to pay approximately 40 USD commission per transaction plus a yearly account fee, which would cost me around x10 as much per year than at any other broker.
On top of this, were I to lose my job or quit then naturally I lose the employee discount..
As I see it I have three choices,
- Do nothing, lose out on X years of profit until circumstances change
- Make very few, much larger transactions than I'm really comfortable with
- Look for another job without this compliance requirement
Are there any other options that I've overlooked?