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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: marginnayan who wrote (92061)	7/7/2002 11:29:10 AM
From: JohnD	Respond to of 99280

In my experience, that is correct. My records show no fees on transactions. My first transaction last year involved about $1000, to "test the waters". I think E*Trade uses the market-close pricing restriction for all their mutual fund transactions. You should call them to verify, in case I haven't explained anything fully/correctly. PM me if I missed something. HTH, JohnD

To: marginnayan who wrote (92061)	7/7/2002 10:48:17 PM
From: Luis Bardi	Read Replies (1) \| Respond to of 99280

marginnayan: I also trade Rydex funds (Venture & Velocity) in ETrade. They don't charge any commission, or discount anything whatsoever. They "reserve the right" to charge a small commission ($30, I believe) if the fund is sold within 90 days, but in practice they don't do it. Cut-off time is 16:00, (actually 15:59) and they price the fund once a day. I trade it in my ETrade IRA. Be aware that if you do it in a regular (taxable) account, then you are expected to pay taxes even on "exchanges" from one fund to the other. In Etrade you can exchange from one fund to the other every day if you want. The only "quirk" I found (the hard way) is that when you sell (as opposed to exchange) the money to be retired have to be more than one day in the same fund, otherwise the operation is ignored. (they said they need one day to settle with Rydex) Try it with Etrade, I'm quite happy with it... Luis.