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by asdff
2163 days ago
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With dumb commission fees and other policies that made it deliberately obtuse and painful for the retail investor. Even today, with any brokerage, you can't freely trade without penalty unless you pass the class based virtue signal of having $25k amassed in your investment account. |
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Read up on bid/ask spreads and market makers. It’s a pretty profitable business. Even more so than just charging “dumb commission fees”
And that $25,000 “class” limit, hahaha that’s like saying that payday loan providers are a community service.