By Gail MarksJarvis | In what appears to be the beginning of a price war that will help small investors, Fidelity Investments has followed Charles Schwab’s lead and has slashed the cost of buying stocks and exchange traded funds.
Fidelity has set a $7.95 commission on trades, even for small investors who rarely buy or sell anything. Further, the firm is offering 25 iShares exchange traded funds free of any commission. The free ETF program covers the key indexes that allow individuals to assemble a diversified portfolio ranging from large and small U.S. stocks to international stocks.
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