My banker friend laughed when I told him I use a discount broker

Ran into an old buddy from high school at a coffee shop in Phoenix last month. He works at Chase and when I mentioned I use Fidelity for my trades he actually laughed and said I was throwing money away on fees. I told him my trades cost like $5 each and he didn't believe me. Has anyone else dealt with this weird bank vs broker snobbery from people in the industry?

2 comments

2 Comments

the_stella5d ago

My tech stock picks are doing so poorly my discount broker should charge me extra.

jakegarcia5d ago

Yeah but @the_stella, isn't that the perfect time to double down?