By Harald Freiberger
Twelve Steps to ETF
Low costs are a prerequisite for success on the stock market. In the long run, ETFs generally do better than conventional funds because the fees are significantly lower. Another important cost factor is the securities account: every investor needs it to keep his securities. Conventional banks and savings banks usually charge relatively high fees for this; one percent of the investment amount is not uncommon. So if you’ve invested $ 50,000 in securities, you can lose $ 500 a year like that. But it can also be cheaper: with direct banks that can only be reached online, and with brokers specializing in custody of securities. Many of them already offer free ETF savings plans, and the fees for a one-time investment in ETFs are also falling. What to consider when choosing a supplier.