WO Will Ortel (not verified) 24th January 2017 | 11:05am Clement -- Agreed, it is a pure absurdity for a bank account to be a luxury good. However I'd dispute your central point, which I understand to be that fees are neccessary. That is certainly not true in all cases [https://blogs.cfainstitute.org/investor/2014/12/01/free-investing-is-th…]. And a fee that was neccessary one year may not be neccessary the next. Cheers and thanks for reading though! Will Reply
Clement --
Agreed, it is a pure absurdity for a bank account to be a luxury good.
However I'd dispute your central point, which I understand to be that fees are neccessary. That is certainly not true in all cases [https://blogs.cfainstitute.org/investor/2014/12/01/free-investing-is-th…]. And a fee that was neccessary one year may not be neccessary the next.
Cheers and thanks for reading though!
Will