Many of these deals are available for investors with rather large amounts of savings. For example, Bank of America is promising 30 free online trades to customers who have a combined $25,000 in checking, saving and CDs.
Dollar-cost averaging has been seen as a major obstacle for ETFs, as they try to penetrate the retirement market.
However, some discount brokers are offering cheap trades even to those without big balances of money. SogoTrade is charging $1.50 per ETF trade online with $10 monthly subscription fee, or $3 trades without the subscription.
Similarly, TradeKing.com offers ETF trades of any size for $4.95. Not to mention a $2,500 balance grants customers 10 free online trades per month.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.