How do ETF fees work on Robinhood?
Exchange-traded funds (ETFs) are a popular choice for investors looking to diversify their portfolios and minimize fees. On Robinhood, ETF fees are typically lower than those of mutual funds, and there are no commissions or account minimums. ETFs are a collection of investments, such as stocks and bonds, that are bundled together in a single fund. When you buy or sell an ETF on Robinhood, you pay a fee in the form of a spread, which is the difference between the buy and sell prices. Additionally, you may be charged an annual fee to cover the costs of managing the ETF. This fee is typically much lower than the fees associated with mutual funds, making ETFs an attractive investment option for those looking to save money.
Continue reading...