Especially in the beginning of your journey towards financial independence through dividend stocks, you want to make sure you are not paying high commissions to your broker of choice. There are several low-cost, online brokerage choices. In fact, if you combine financial accounts with one bank, you may qualify for commission-free stock trades. For example, Bank of America / Merrill Lynch gives you free, commission free stock trades if you have a combined balance of $50,000 spread across all accounts. Ask your bank about the options. Although you won't be placing a volume of trades a high yield dividend portfolio holder, you want to be as frugal as possible. So, when you are building your passive income portfolio, keep this in mind.
Posts
No comments:
Post a Comment