Whenever a company offers something at no charge, that means the price is hidden and out of sight.
This is Barry Ritholtz’s message to investors considering the plethora of new fund and investing service options that purport to be “free” or have no cost.
The cost may be hidden in a myriad of ways. Corporations are for-profit entities and they should charge for the services they provide. But sometimes they charge investors in a hidden or non-obvious way.
In today’s discussion, Josh Brown talk Robinhood, TD Ameritrade, Charles Schwab, Wealthfront, Betterment, E Trade and more.