Questions tagged [fees]
generic tag to be used for questions related to fees. Ideally to be accompanied by other subject tags
281
questions
1
vote
1answer
63 views
Does a high turnover rate of ETFs matter now when online traders offer zero commission for trading?
In the US, a high turnover rate of ETF underlying assets generally passes the cost to the investors who purchase those ETFs. Now multiple online traders such as Schwab and TD Ameritrade offer zero fee ...
2
votes
2answers
71 views
MER of an ETF that holds another ETF?
I have an ETF: VFV (VANGUARD S&P 500 INDEX ETF) that has a fee of 0.08%. This ETF is traded in Canada and holds the U.S.-domiciled Vanguard S&P 500 ETF: VOO. This fund has a fee of 0.03%.
...
1
vote
2answers
139 views
How do ETF commissions work?
Let's suppose that I live in the UK, and that I have £10000 invested in Vanguard's VUSA. This ETF has an ongoing charge of 0.07%. This, added to the 0.15% account fee, it's a 0.22% total. That means ...
1
vote
1answer
64 views
“Mandatory Reorg Fee” tax deductible?
I was charged a $38 "Mandatory Reorganization Fee" by ETrade when a stock had a reverse split. Is this tax deductible? If not, do I add it to my tax basis?
0
votes
1answer
128 views
How can I scrap the ATM transaction fee of a major bank in Canada, customer for 20 years, from now on?
I am with a major bank in Canada that charges a particular fee for visa credit card and ATM debit card money withdrawal and probably for deposit also.
I pay interest for the credit card.
I have been ...
0
votes
1answer
56 views
Avoiding currency exchange fees on credit card security deposits
I recently did a warranty exchange with a $25 service fee:
I gave $500 deposit on my VISA card.
They shipped the replacement.
I returned the old item.
They refunded $475 to my VISA card.
which from ...
0
votes
1answer
114 views
Ally bank zero comission vs Robinhood no comission fees?
Ally bank claims to have zero-comission transaction fees accounts for trading, Robinhood does the same. Do they both actually not charge any fees/comission? My understanding was that the free fees ...
2
votes
3answers
230 views
Are the fees on this 401k plan too much?
My employer uses a relatively new company called "Human Interest" for our 401(k)s. I have 401(k) accounts with Fidelity and TransAmerica from former employers, and I'm trying to decide which is best.
...
10
votes
3answers
2k views
Do mortgage points get applied directly to the principal? [duplicate]
Lets say I want a $100,000 mortgage. I can get it at x%, or (x-0.25)% if I pay 1 point. If I do the 1 point option, will my first payment be on a $99,000 balance, or a $100,000 balance? In other words ...
4
votes
1answer
186 views
Using a nominal / small fee as a filter
I wasn't able to find this on google. Maybe there's a term for it.
Is it effective to use a nominal or small fee to weed out non-serious buyers? Or does it backfire by turning away legitimate buyers?
...
0
votes
1answer
64 views
Starting an LLC before it is needed
Have business plans for over a year or two out, however, would like to establish the LLC now and have it sit idle until needed.
What characteristics should be selected for creating the LLC at this ...
1
vote
4answers
520 views
Is there such a thing as a credit card with no (currency exchange) fees?
There's no such thing as a free lunch.
Is there such a thing as a free credit card with free currency exchange?
Every debit or credit card I have seen charges for foreign currency transactions. ...
1
vote
1answer
114 views
Charged overdue amount but not given bill prior to this date
I've been provided with a statement of account which claims I owe an overdue amount rather than the actual amount (which I would have been charged if I had paid the account on time). The problem is ...
2
votes
3answers
103 views
Why Options trading is charged on per contract basis
I have been trading options for years, but could not understand why Brokerages charge fee on basis of number of contracts.
Per Fidelity : Trade for just $4.95 per online trade, plus $0.65 per ...
3
votes
2answers
113 views
Stocks and Shares ISA: fees, taxes, portfolio size
Is an ISA of this kind worth it for a portfolio < £2000?
If so, are Stocks and Shares ISAs subject to any not-so-obvious fees for someone without previous experience (i.e. overnight fees)?
1
vote
2answers
71 views
Visa balance transfer from one loan company to another
I have a Visa loan with company A that has an interest rate of 10%.
Company B is offering to let me transfer my balance with A to them for a 12-month 0% interest rate.
I know that company A also ...
0
votes
0answers
69 views
Can I willingly reject a SWIFT transaction?
I live in Brazil and I have a broker account in Europe, provided by my company for stock options.
I've recently sold some of my stocks and done my first transaction of this kind (International Wire ...
3
votes
1answer
112 views
Do online billpay/banking force NSFs when they can?
When online banking and payment systems first came out, I remember they used to have a lot of issues with giving indicators (visual/email payment confirmation) that a payment was 'locked in', but then ...
0
votes
1answer
218 views
How is the “Hurdle Rate” of the Hedge Fund determined?
I understand that "High Water Mark" is the highest NAV value that the Hedge Fund has ever reached, and therefore, the threshold NAV value of the Hedge Fund in question needed in order for the Hedge ...
0
votes
1answer
94 views
Selling A Car Anonymously
Is it ever legal for me to sell a car to someone by just signing my name and
dating the title, such that the buyer's information is completely blank?
To be clear, the title itself is legal, clean, and ...
0
votes
1answer
145 views
What does “accredited to you” mean in the email I received?
What does "accredited to you" mean in the following sentence:
Our first 15 minutes of consultation is at no charge, and beyond that time there will be a charge of $210 that could be accredited to you ...
0
votes
0answers
86 views
Is there an interchange fee for ATM withdraws? How does that compare to standrad Credit Card purchases
First, please note that I am not asking about how this impacts my personal finances.
I would like to know the difference between fees going to VISA/MC and banks when using a debit card for ATM ...
1
vote
2answers
68 views
Math for Portfolio Value Net of Fees
I'm looking to do a pretty basic Finance 101-type calculation to compare final portfolio values given varying fees.
Let's say I start with a $50,000 portfolio. It's invested in a fund that returns 7%...
1
vote
2answers
199 views
How to efficiently invest in ETFs with a monthly contribution?
I am confused when it comes to ETFs. Many state that their main advantage is that they are low cost. I understand that they are traded as stocks. I want to invest my money in 3 index ETFs (USA, ...
0
votes
2answers
81 views
Calculating the ETF cost?
Let's say I invest 1000 USD in an ETF.
Over the 10 year period, the shares had 5% annualized gain, meaning the value of my investment would be 1630 USD. However, I didn't take into account ETF fees.
...
4
votes
1answer
250 views
Entry/exit fees for ETFs, do I need to care?
I'm saving for my retirement, partly by buying ETFs. One of these ETFs is Amundi Msci Eastern Europe EX Russia. At the corresponding Bloomberg site, I found some information that confused me:
Front ...
4
votes
1answer
137 views
Why does my bank not charge a fee for small amounts?
I work abroad in a SEPA country and send money to my non-SEPA home country regularly. In the foreign country I have a euro bank account and in the home country - a non-euro bank account.
My foreign ...
3
votes
2answers
249 views
Why are international money transfer services so weird? [closed]
I've read this question:
Looking for cheap international bank to bank transfer in USD
and noticed several factual claims:
A "standard international wire transfer" costs $40 USD, a huge fee.
It's ...
3
votes
2answers
183 views
why would I pay for front-end or back-end fees?
These days, many mutual funds from large asset managers such as etrade, Schwab or Vanguard offer no fee for mutual fund buy/sell.
So why would I pay for front-end or back-end fees to purchase/sell a ...
3
votes
1answer
190 views
Can a business be charged up to 65% to process credit cards? [closed]
Today I had a service call to get my washing machine working. (The problem turned out to be the lid switch had failed mid-cycle.) When I called for service, the gentleman told me that they don't take ...
1
vote
1answer
90 views
In a loan, how does account/admin fees work? [closed]
For a loan, how does monthly/yearly account fees work? Do they get added to the loan balance and will then affect the interest?
4
votes
1answer
150 views
Why are the investment options in a 401(k) so limited?
Why is it that with my IRA I can buy individual stocks, ETF's, mutual funds, etc yet in my 401(k) plan I am limited to select funds? Luckily the funds I have to choose from are decent but I can't ...
0
votes
1answer
38 views
Can I trade US securities from international non US broker?
I was wondering about what are the advantages/disadvantages of trading US stocks on the American Stock Exchange from a non US broker versus trading the same US stocks on a non US stock exchange from a ...
1
vote
3answers
143 views
Spreads on taker-maker exchange
Intuitively, I feel that, for a given stock traded on 2 exchanges with different price structure (i.e., exchange A is maker-taker, exchange B is taker-maker), the spread should be wider on exchange B (...
0
votes
1answer
86 views
ETF annual expense ratio: how to calculate on a portfolio?
I'm building a portfolio on Excel that includes the following data:
price at purchase
number of shares
commission/fees
current price
How should I calculate the impact of the Annual Expense Ratio to ...
0
votes
1answer
83 views
Best IRA investment strategy
Two questions here:
What is the best investment strategy for low risk income-oriented investor?
What is an acceptable fee for IRA money management?
I have a 401k account I am looking to roll over ...
26
votes
8answers
5k views
Fee-only financial advice vs. asset management (which includes advice)?
My wife and I are looking for a financial advisor. I am 52 and she is 48. We have a million plus in assets, with most of that in 401k... about 500,000 in a brokerage account.
We have found a ...
3
votes
1answer
77 views
Calculating or estimating implicit fees from 401k
I'm looking at my most recent Account Statement from a previous employer's 401k.
There's a lil table on the first page with the opening balance, the range of dates that pertain to the statement, how ...
2
votes
1answer
138 views
What are the fees for selling ETFs from a savings plan in Germany?
When I create a savings plan for ETFs in Germany at a german bank, I collect securities, ETFs in this context, over time. After the end of my savings plan's duration, I do not exactly understand what ...
4
votes
1answer
1k views
Broker charging 15% on leasing a no fee apartment in NYC. Can he do this?
I am going to sign a lease on a no fee apartment in NYC and my broker is charging me 15%. Can he do this?
I thought no fee means the landlord/management company pays the broker?
Please advise.
1
vote
1answer
215 views
Avoiding Chase monthly checking account fee
With my checking account I have maintained a daily balance greater than 1500 dollars to avoid the 12 dollar monthly fee. As I earned more income I started moving it to a savings. Now I have ...
4
votes
2answers
2k views
How can I accurately anticipate wire transfer fees from intermediary banks?
When sending an international wire transfer, the transmitting and receiving financial institutions both (usually) assess fees associated with the transfer. These fees can be accurately anticipated by ...
0
votes
2answers
120 views
Help me understand these options prices
I learned about options in a financial mathmatics class a few years ago, and recently I thought I'd buy some for fun/to learn how it's done in real life. I don't like Intel (don't hate me) and it was ...
2
votes
1answer
198 views
Is an ATM legally obliged to display withdraw fees in the United States?
Is an ATM legally obliged to display withdraw fees in the United States?
2
votes
1answer
1k views
What costs do banks incur on processing credit card refunds in foreign currency?
When a credit card transaction is in currency different to the one of the card, it is pretty normal for banks to charge a 1-3% fee associated with the currency conversion. Some banks do this by using ...
5
votes
3answers
283 views
Buying less shares more frequently [closed]
I'm going to university in a few months and was looking to invest any weekly surplus (£50-75) from my student loan into an index fund.
Most funds appreciate in value by about 7% a year on average ...
4
votes
2answers
155 views
Sources of international wire charges?
A person in China wire transferred X US Dollars (after fees & charges of the sending bank) to my Capital One 360 checking account in the US, and the amount I received was X-15 USD. When I contact ...
0
votes
1answer
44 views
Is PayPal's percentage fee applied before or after the flat fee?
For example: sending $100 at base US rates (2.9%, $0.30):
Fee is $0.30 + $2.8913 = $3.1913 (applying the % after the flat rate)
Fee is $2.90 + $0.30 = $3.20 (applying the % to the $ sent)
-1
votes
1answer
173 views
How to cash ACH vouchers to my French account without paying more banking fees than sending a postal package containing cash?
I worked for a company based in the United States as part of a non-commercial activity (I mean the income is not taxable to the IRS and thus I can’t get an itin or ssn in order to open a bank account)....
4
votes
3answers
305 views
Is a “bookkeeping fee” normal for a 401k plan?
During my work years I had couple of 401 K plans with my employers. My current plan charges higher fees then any of previous plans. Recently there appeared one more so called "Bookkeeping fee" ...
