The big news yesterday was Charles Schwab and TD Ameritrade slashing the fees it charges for trades on stocks, funds, and options to zero. This news follows days after Interactive Brokers announced unlimited no-fee trades. Your move Fidelity.
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Going Private
Nearly my entire investing career has been focused on the public markets. I work for a private employee-owned company but I’ve never invested in any private companies outside of my own.
Recently, I started to become more interested in tech startups and private markets—mostly because of the hot IPO market in the last two years. I wanted to get involved early and see a different side of investing. I also wanted to diversify across different markets to generate alpha.
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The Right Tool For The Job
While I do a lot of my own home renovation projects, one thing is constant—if you want something done right you must have the right tool for the job. I can’t tell you how many times I’ve tried to use a tool that wasn’t right for the job and ended up getting frustrated and spending more time and money fixing the problem.