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Reality Radio for a really great future.

We're talking real money.

You know how old people always say, particularly, you know, when they're really getting up there in years, they say things like, well, when I was young, I remember when such and such and so and so were doing this thing.

Well, you know, let me tell you, I remember the days when we charged big fat commissions

to buy and sell stocks or mutual funds or pretty much any investments you wanted to get into.

Heck, mutual funds could even cost you 8.5% of the money you put into the fund.

You could pay $200 for a stock trade.

Those were the good old days, or were they?

Now, now you can trade for nothing.

Hi, welcome to Talking Real Money, the podcast.

I am Don McDonald. That guy over there is Tom Cock. We think of ourselves as George Burns and Gracie Allen. Don't ask who,

which one. See, another old person thing. Only old people will know who we're talking about.

Actually, in that case, really old people. Really old people. Yeah. Sorry. You're Gracie. And... How come you get the cigar on this one? What's the heck, anyway? I'm either Groucho or Gracie, one or the other. Grouchy. Grouchy! I missed grouchy. I missed groucho, too. That's a whole other stick. We'll try that next time.

All right. So anyway, what are we talking about? Free commissions. They're everywhere.

Does anybody pay a commission to buy or sell stocks or securities of any kind anymore?

I can't remember the last time I paid a commission.

I don't even think the major brokerage has charge their customers that anymore, right? Wow. I don't know. I mean, you

have a lot of the, I think they still do. They probably do. I don't know that for a fact,

but I'm pretty sure. But they did buy a lot of these discount, which have become free brokerage firms like E-Trade, which was, who bought that? Somebody bought that. Morgan Stanley or? I don't remember who bought. Yeah, Morgan Stanley bought E-Trade. That's correct. Yeah, that's right. So you've got Schwab. Well, they own Ameritrade. Yeah. You've got E-Trade, which is owned by Morgan Stanley.

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