ETrade Offering Commission Free Trades for One Day
ETrade must be really hurting from recent events in the financial sector. First, they have one of the highest 6-month CD rates out there with a mere $1000 minimum (it’s 5.10% at last check) and now they’re letting their account holders trade absolutely free for one day, Wednesday December 19th.
Here are the terms and conditions of the ETrade free trade offer (there are more on that page but these are the basics):
Unlimited commission-free trade offer is valid for trades entered by E*TRADE Securities customers in U.S. stocks, options and futures from 8:30 PM EST on 12/18/07 to 8:30 PM EST on 12/19/07. Unlimited commission-free trade offer is valid for trades entered by E*TRADE Securities customers in non-U.S. stocks from 5:30 PM EST on 12/18/07 to 5:30 PM EST on 12/19/07. This offer does not include commissions on trades in mutual funds or fixed income securities, but does apply to options contract fees.
So, if you are using ETrade, use this as a chance to clean up your portfolio (do some rebalancing, take advantage of the wash rule, whatever) without paying commissions.
Print Article
Email Article
Stumble It!
Bookmark
reddit.com
Tags: ETrade, Stock Market
| Related Posts |
Did you like this article? If so, you can get all the latest articles delivered to your email inbox for free each morning by entering your email address in the box below. Your email will only be used to deliver this once-daily subscription and you can unsubscribe at any time.
There are 1 comments, add your thoughts now!
Er…this only benefits day traders really and most people should stay away from trading too frequently. But if you’re just doing it for the “cleanup” purposes…then perhaps this might be a good opportunity, e.g. selling your Etrade stock to offset your other stock gains with the losses.
-Raymond
Previous Article: « Don’t Use Home Equity To Pay Off Unsecured Debt
Next Article: Amazon Price Drop Policy »