Long Term Investors' Outpost Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Long Term Investors' Outpost

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jurgis Bekepuris who wrote (539)	11/3/2002 1:26:38 PM
From: Uncle Frank	Read Replies (1) of 562

>> If the amount is small (<$10000), you can't buy SPYs, since they are only sold in round lots. Also for small amounts of money, brokerage commissions constitute quite a high "front end load" for SPYs... I wasn't aware that SPYs were only sold in round lots, but even if that's so, a 100 share order at Friday's closing price would run $9,127. Even with Fidelity's relatively high commission of $25 for the transaction, that would only be 0.27%, hardly a heavy front end load. uf Note: I just checked with Fidelity and they do not require round lots. Maybe you're citing a broker specific restriction?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next