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Free Trading Apps Are Like 'Poison Wrapped in Chocolate'

Dan Egan explains why inexpensive trading is better than free and how to avoid falling victim to fee-free platforms.

Mentioned:

Dan Egan, director of behavioral finance and investing at Betterment, joined The Long View to discuss how Betterment helps close the investor behavioral gaps, the use of free brokerage apps, and challenges new investors in the pandemic are facing.

Here are a few excerpts from Egan's conversation with Morningstar's Christine Benz and Jeff Ptak:

Jessica Bebel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.