The path to DIY investing often starts with a decision to get out of mutual funds and into exchange-traded funds, stocks and bonds. But the low-fee mutual funds available to DIY investors can make a compelling case for considering these products as well. Look for Series F mutual funds, with commissions for advisers stripped away.
Now, let’s take a look at the commissions the brokers in the ranking charge clients who buy and sell mutual funds. Interactive Brokers and Wealthsimple are in the broker ranking, but not included here because they don’t do mutual funds.No commissions for money market funds or high interest savings accounts; other mutual funds cost $6.95 to buy or sell.No commissions for most funds; $32 per trade for a small number of exceptions; note that Desjardins has zero commissions for stocks and ETFs.
One further point on buying mutual funds through a digital broker: Be sure about your choice. If you sell within 90 days, you may have to pay a short-term redemption fee.This is the Globe Investor newsletter, published three times each week.
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