Maybe I’m missing something, but I’ve only been charged $2.30 worth of fees from Schwab in 6 months. Are these fees linked to the size of the account? Can I expect the fees to get bigger as the account grows?

Also, flap you’re gonna have to dumb it down for me please. Define basis points and 40/100 of 1%? And if ya don’t have anything better to do, explain active and passive management. I know what it is, but I want to make sure you know what it is.