Thread: Scottrade lowered rates.

Oh Rolo! Grow up. $0 beats $7.

Question: in calculating capital gains / losses on trades, do we include commissions in that or not?

Free trading? Hmmm. What do they charge on mutual funds? Scottrade has a bunch of NTF's, and those that aren't cost $17 per transaction.

Mike wrote:

Question: in calculating capital gains / losses on trades, do we include commissions in that or not?

Free trading? Hmmm. What do they charge on mutual funds? Scottrade has a bunch of NTF's, and those that aren't cost $17 per transaction.

Sounds like we never traded, did we? Yes, we include them in our Schedule D.

Well, I haven't had the money to trade with 'til now. :P

I haven't seen that freetrade stuff. Is it a farse?

Mike, yes, comissions are part of the cost-basis.

Scottrade doesn't charge anything for mutual funds, other than the $17 for not holding them for ninety days minimum.

It doesn't pay to trade in and out of mutual funds rapidly anyway.

Rolo wrote:

I haven't seen that freetrade stuff. Is it a farse?

Don't you love farce?
My fault I fear.
I thought that you'd want what I want.
Sorry, my dear.

http://www.freetrade.com

For Freetrade you have to meet the qualifications, all electronic, no phone contact that I noticed. I don't know?? Think I will stay with my broker. At least I can call their area office if I have a problem?

Rgds Spaf

WhOoaa! That is COOooL! That really opens the door to play-trading--I mean--day-trading.