We’re excited to announce that you can now trade some of our most popular ETFs commission free. We made sure to handpick a variety of funds that may fit your investment style, whatever that may be. They’re a great way to diversify and another way we strive to be a better ally.
You can view the complete list of 100+ ETFs
- WisdomTree “Smart Beta” ETFs (all of them)
- iShares Sector and ESG ETFs
- 6 iShares Core ETFs
Low-cost index ETFs. Here are their lowest-cost ETFs across the major asset classes. There are enough iShares Core ETFs to build a simple, low-cost portfolio with no commissions. I might have wished to see IEMG instead of ESGE or some more bond options, but otherwise these are not bad for portfolio building blocks.
- iShares Core S&P Total U.S. Stock Market ETF (ITOT) 0.03% ER
- iShares Core MSCI International Developed Markets ETF (IDEV) 0.05% ER
- iShares MSCI EM ESG Optimized (ESGE) 0.25% ER
- iShares Core U.S. REIT ETF (USRT) 0.08% ER
- iShares Core 1-5 Year USD Bond ETF (ISTB) 0.06% ER
- iShares Core 10+ Year USD Bond ETF (ILTB) 0.06% ER
- iShares Core 5-10 Year USD Bond ETF (IMTB) 0.06% ER
- iShares National Muni Bond ETF (MUB) 0.07% ER
This list is certainly not as “all-inclusive” as compared to the just-announced
Commission-free ETF rules. There is a minimum holding period of 30 calendar days for commission-free ETFs, otherwise you will be charged a short-term trading fee of $9.90. This is equal to their normal trade commissions ($4.95 buy + $4.95 sell = $9.90). Commission-free ETFs will also not be margin-eligible for 30 days from the purchase date.
New account bonuses of $50 to $3,500. Ally Invest is still running their new account promotions of up to
Up to $150 transfer fee credit. If you’re already trading somewhere else, Ally Invest will reimburse up to
These promotions are stackable, so for example if you had $25,000 at E*Trade, you could move your existing holdings over (without having to sell anything) and get a $200 bonus while also having Ally Invest cover the transfer fee. You’d then have 90 days of commission-free trades to sell and buy as you wish.
Finally, I noticed that Ally Invest has a new “Select” tier where you get cheaper $3.95 trades and $0.50 options contracts when you maintain an average balance of $100,000 (or average 30 trades per month) for the past rolling 3 months.
Bottom line. Ally Invest has added a commission-free ETF list, which includes a few popular low-cost iShares Core ETFs, several iShares Sector/ESG ETFs, and every single WisdomTree ETF (“Smart Beta”). This is a continuing trend amongst online brokers. Ally Invest also has
© MyMoneyBlog.com, 2018.