Should You Buy Your No Load From A Titan?

It all started with a press release on July 20, 1992. That day, the king of discount brokerages, Charles Schwab, said it was eliminating transaction fees on the sale of mutual funds from 10 no-load companies. A year later, Schwab had amassed $4 billion in the program and announced plans to expand to 200 funds. The same month, mutual-fund giant Fidelity Investments returned fire, launching a no-transaction-fee program that added eight fund families to a lineup dominated by its own no-loads.

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