Special Release - Race to the Bottom

Earlier this year, Charles Schwab announced they were lowering commissions on stock and exchange traded fund (ETF) trades from $8.95 to $6.951 making them the cheapest brokerage firm for purchasing and selling stocks and ETFs. Not to be outdone, Fidelity shortly thereafter announced they too were lowering their fees, from $7.95 to $4.952. Fidelity’s time at the top (or bottom) didn’t last more than a few hours, as Schwab lowered their trading commission to match Fidelity later the same day. The new commission rates for both Schwab and Fidelity are now in effect and will likely benefit the vast
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