This may sound totally weird but the large brokerage firms and banks on Wall Street don’t want your business…but they do want to use you to increase their business.
They can’t be bothered with the “little guy,” and they go out of their way to get rid of you.
To get around their discriminatory practices they use excuses like “The cost of servicing a small investor does not fit our model of efficiency.”
Huh?
This is a slap in the face to the “little guy.”
Ironically (or NOT) many small investors become large investors if they’re consistent with investing.
By the way, small investors – by bankster standards – are those who have less than $250,000 to invest.
The creepy policies used to screw the average investor are simple. They quietly start by raising fees to smaller accounts…eventually adding up to outrageous amounts of money.
Ex: Let’s say you have a $30,000 IRA account with mutual funds and cash in it. By doing nothing you’ll be charged an annual custodial fee anywhere from $75-$150. If that’s your only account you’ll also face a “Low Household Fee” that ranges from $100-$200 a year. And if you don’t trade you also face an “Inactivity Fee” of $50-$100 a year.
Do the math.
For the privilege of having an account with your bankster, you face the possibility of paying anywhere from $225-$450 before placing a trade.
Add in the management fees for mutual funds, ETF’s, and anything else they come up with and you’re looking at some serious damage.
These fees will continue to rise and kill the value of your account over time.
Wall Street claims they are constantly reforming by putting the best interests of the client first.
Don’t believe it.
Learn how avoid Wall Street’s ongoing thievery (HERE).
We’ll show you how to thumb your nose at the big boys.
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