Insulting Fidelity Promotion
Not sure if this is the proper area but I wanted to try and get some feedback. I recently received by mail an offer from Fidelity, our brokerage house. The card offered 200 free trades worth 7.95 each in return for opening a new account with $100K or transfering $100K to an exsisting Fidelity account. That is almost $1600 worth of trading. In my own case it would reflect a lifetime of free trading. Yet they still want to charge the rest of us 7.95 per trade. I could see maybe 5-10 free trades to entice a new client, but 200 trades worth $1600 ??? The fees we pay go to cover the free trades given away to new clients. To cap everything else, we transfered $100K from an outside 401K into one of our accounts in December. The offer from Fidelity was new or transfer $100K Today I get a letter stating that we do not qualify but "AS A ONE TIME GESTURE" here are 10 free trades. They expire Dec 31st. So I dont know if I am justified in feeling angry and insulted about the situation. I wanted to see what my Fellow Fools thought.