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Since 2003, the cost of trading stocks on retail brokerage platforms has continued to fall and reached a new low in 2017 of $7.56, according to a report from Corporate Insight. The decrease this year was driven primarily by the commission war between Charles Schwab, E*TRADE, Fidelity, TD Ameritrade and Wells Fargo Advisors–all of which respond to the fee cuts of competitors by cutting fees themselves, in a race to the bottom. ...
Switzerland Faces Similar Retirement Issues to the U.S.
Switzerland is facing the same retirement issues as the U.S. and there is a growing urgency to bring reforms to the system, according to a letter made public Nov. 21 by UBS Intellectual Capital. The country is one of only a few that have two mandatory pillars of contributions to retirement savings, both by employees and employers. ...
NYU Prof: Bitcoin is a Currency, Not an Asset
Bitcoin: More clients are asking what it is, and the debate over whether it's an investment or a currency is decidedly titled toward the former. As DoubleLine Capital's Jeff Gundlach said at the recent Schwab Impact advisor conference, you can't buy a car with bitcoin because the price will change in the 30 minutes it takes to sign the paperwork. ... |
