Be Ready to Pay to Earn when Investing

Investing isn't a magic place to put your money and make it grow for retirement and Chicago new home down payments - there are a lot of people behind each transaction to make sure that your money goes into the right place and is monitored. This is where additional charges come in, and it's important that you consider them before you choose which investment brokerage you are going to trade with. The Equifax Finance Blog has an article with a number of charges you should be on the lookout for in the new article, "Breaking Down Investment Fees and Commissions."
Here are just a couple costs which are common:

• Annual account fees - like many checking accounts do now, some brokerages charge for their serves in a yearly capacity in addition to other fees. In an IRA account, where your finds are used to build a portfolio for you, this is often referred to as the custodial account. Expect this to range anywhere from $25 to $100 or more.
• Minimum threshold fees - these fees, also similar to what banks may charge now in checking accounts, but this fee is to protect the brokerage if you don't make enough through sales commissions or transactions fees. Like the above fee, this one can range from $25 to $100.

For more information about investments, real estate, credit cards and other important financial tips and tricks, bookmark the Equifax Finance Blog.