Re-balance Cycle Reminder All MyPlanIQ’s newsletters are archived here.

For regular SAA and TAA portfolios, the next re-balance will be on Monday, October 14, 2019. You can also find the re-balance calendar for 2019 on ‘Dashboard‘ page once you log in.

As a reminder to expert users: advanced portfolios are still re-balanced based on their original re-balance schedules and they are not the same as those used in Strategic and Tactical Asset Allocation (SAA and TAA) portfolios of a plan.

Please note that we now list the next re-balance date on every portfolio page.

Zero Commission Era Has Arrived, Is It Really That Good?

Last week, something interesting happened: Interactive Brokers and then Schwab announced zero commission stock and ETF trades. This led to many other firms like TD Ameritrade, ETrade and Ally to follow suit. By now, other than Fidelity and Vanguard, all major brokerages have offered some form of unlimited commission free stock and ETF trades. So it does seem that the era of unlimited commission free stock and ETFs trade has arrived. 

On the surface, this seems to be an exciting news. But is it really that good?

Some background

Of course, unlimited zero stock commission is not new. The most representative one before the news last week was Robin Hood, a firm that tries to cater millennial investors by offering zero commission. Merrill Edge offers 100 free stock and ETF trades a month to its platinum tier customers. JP Morgan’s new youinvest also offers some forms of large free commission trades. 

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