Who is the best broker for short-term mutual fund trading. This would be for no-load mutual funds. Many brokers have a charge for when funds are held less than 90 days, so I would like to avoid them. A minimum holding period of 30 days should be acceptable. And of course, I'm looking for a good selection of funds as well. Any suggestions? Thanks, Cash
Probably @ ProFunds directly. No commissions, no redemption fees, no minimum holding periods except perhaps on a few funds. Lots of sectors... some leverage... some opportunities to go short.
I can't recommend a broker. But I can tell you, regarding short-term fees, it is the FUND FAMILY that will dictate the holding period and/or short-term trading fee. Brokerages fee for short term holds are the family fees passed on, but dependent on the brokerage level of nickle and dime greed. Just in case you didn't know, some Ryder and ProFunds funds welcome short term trading. And there may be a few others? Osorico
I had a rydex funds account. They were great. No conditions except 1000 dollar minimum investment. Go short or long in some funds.