Firstrade Commission Free HBPP

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stuper1
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Firstrade Commission Free HBPP

Post by stuper1 » Mon Apr 16, 2018 12:01 pm

I just learned that you can set up a totally commission free HBPP at Firstrade using ETFs such as VOO, IAU, TLT, BIL/SHY. They have 700 commission free ETFs, including IJS or SLYV if you want to do a Golden Butterfly. As far as I can tell they don't charge an IRA account fee. I've never used them, so I have no idea if they are any good.
stuper1
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Re: Firstrade Commission Free HBPP

Post by stuper1 » Mon Apr 16, 2018 6:35 pm

I saw that promo, but I'm not quite clear on the 500 free trades thing. How does that relate to the "commission free" part? Are there two possible charges involved with trading an ETF: a commission and a trading fee.? Or if something is commission free, does that mean that it automatically trades free, and the free trade part only applies to individual stocks or ETFs that are not commission free?
boglerdude
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Re: Firstrade Commission Free HBPP

Post by boglerdude » Tue Apr 17, 2018 12:37 am

http://www.etf.com/SLYV
Small value Price/Earnings Ratio 131.58

http://www.etf.com/VTI Total market PE 27.

Whats the math on this, how do I make more money long term when the PE is high

Value stocks are supposed to be cheap companies that are out of favor, with dim prospects. Then they do better than people expect, and you beat the entire market by a little bit.
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eufo
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Re: Firstrade Commission Free HBPP

Post by eufo » Tue Apr 17, 2018 7:58 pm

boglerdude wrote:http://www.etf.com/SLYV
Small value Price/Earnings Ratio 131.58

http://www.etf.com/VTI Total market PE 27.

Whats the math on this, how do I make more money long term when the PE is high

Value stocks are supposed to be cheap companies that are out of favor, with dim prospects. Then they do better than people expect, and you beat the entire market by a little bit.
Yikes. Maybe the holdings are determined only at regular intervals and the PE can get out of hand with major inflows in the interim?

It's an interesting phenomenon. I avoid the "value" ETFs, personally. I couldn't find a strong enough correlation with the various funds to make me feel comfortable with choosing a particular one, so I stick with blends.
Don't agree with me too strongly or I'm going to change my mind
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