Buying SPDR S&P Dividend ETF (SDY)

[jrothwell06]

MMM recommended this fund in his article about dividends and investing in the S&P High Yield Dividend Aristocrats Index.  I want to buy this fund, but don't know where to buy it or what the fees are.  Any information or thoughts would be appreciated.

[Will]

You could use any brokerage, like Sharebuilder.

[jrothwell06]

Well I'm concerned about fees.  I currently have a financial adviser with Ameriprise Financial.  Would the fees be the same if I purchased the fund through my broker at Ameriprise or should I use Vanguard for example?

[Will]

Fees at Sharebuilder are minimal.  If you go with automatic investing, it is only $4/trade (and I actually have 7 free automatic investment credits built up), plus they usually have some kind of bonus program set up where they give you $50 or something to open the account.  There might even be a referral program where I could get cash too if you signed up, but I'm not sure.  Then the only other fees are what SDY would charge no matter where you buy from.

[KingCoin]

What fees are you worried about? The broker fee? Account fees?
http://www.ameriprise.com/financial-planning/financial-planning-fees/brokerage-fees.asp

Looks like they charge $6 per trade which is good and $10/quarter for a brokerage account which is a rip-off.

[wtjbatman]

SDY has a .35 expense ratio, so not bad. The only fee you have to worry about is the fee it costs to buy shares. I have TD Ameritrade ($10 a trade) and Sharebuilder (do the automatic investment thing). Assuming you're investing $1500 or more a pop it's worth it.

[mtber]

FYI I would look into Free trades https://www.robinhood.io

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