USNQX Has a Transaction Fee. Small Investors and Dollar-Cost Averagers Can Use NDXKX Instead.
USNQX has a Schwab transaction fee, while NDXKX is suggested for small investors and regular investing because it has no load and no fee.
【The Previously Introduced USNQX Has a Fee. Small Investors and Dollar-Cost Averagers Can Switch to NDXKX, Which Has No Fee.】CLEC Investment Club Written date: May 08, 2019
The USAA NASDAQ-100 Index Fund (USNQX) introduced yesterday has a transaction fee at SCHWAB: $49.95 per trade. That makes it unsuitable for small investments.
Shelton Capital Management Nasdaq-100 Index Fund Class K (NDXKX) is No Load and No Fee, but it cannot be redeemed within 90 days; the Short-term Redemption Fee is $49.95. As long as you are not doing short-term trading, this has no impact.
Small investors are advised to switch to Shelton Capital Management Nasdaq-100 Index Fund Class K (NDXKX).
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