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Mutual fund early redemption penalty at TD Ameritrade and other brokerages
>> My account is seven figures to the better than had I simply put it in an S&P index fund or scattered my monies among a 1001 funds for diversification purposes
so you made an extra million over $76k from outside-the-box decisionmaking
No, made over a million plus more than what my return would have been had I put the money in an S&P index fund and then stayed the course.
So basically $100 total to buy and sell a transaction fee fund. I simply said I was paying $17 to sell and $17 to buy and then you said I was getting the short end of the stick. I couldn’t understand your logic of how I was getting the short end of the stick.
The way I misread your writing, I thought the $17 was a short term redemption fee, not the total fee. My error.
It seems like you're not merely getting grandfathered rates which would have added Scottrade's $49 short term redemption fee to the $17 TF, but the better of TDA's rates and Scottrade's rates. Not the short end of the stick at all!
Fee Scottrade TDA Your rate TF buy $49 $17 $17 TF sell $49 $17 $17 Short term fee $0 $49 $0 (for TF funds)
Comments
so you beat the market just ginormously
you should be in business
It seems like you're not merely getting grandfathered rates which would have added Scottrade's $49 short term redemption fee to the $17 TF, but the better of TDA's rates and Scottrade's rates. Not the short end of the stick at all! https://mutualfundobserver.com/discuss/discussion/25744/scottrade-s-new-90-day-fund-fees
https://web.archive.org/web/20161011203253/https://www.scottrade.com/documents/alt/CommissionsandFees.pdf