Merrill Edge had a fit when I chose to sell some aggressive mutual funds, like BGSAX, during a market correction a few months ago. If you trade in and out of mutual funds within 3 months you get banned from trading mutual funds.
I did it more than once so hello 18 month ban! Seems kinda draconian to me. If the markets tanking, you gotta go down with It?
Schwab, on the other hand, allows it. They just charge a $50 transaction fee for withdrawals within 90 day’s. That’s fine with me.
Submitted September 02, 2018 at 12:23PM by Moveover33 https://ift.tt/2PZJr6z
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