E*Trade Now Offering S&P Stock Baskets

October 1, 2001 (PLANSPONSOR.com) - E*TRADE Group, Inc. launched E*TRADE Stock Baskets, a service that allows E*TRADE's brokerage customers to build a portfolio with a single investment.

Investors can trade entire portfolios of individual securities in dollar, rather than share, denominations, while maintaining control over the timing of trades leading to taxable events.

With the E*TRADE Stock Baskets platform, and a minimum investment of $5,000 for non-retirement accounts and $2,000 for IRAs, investors can:

  • research and build a basket of up to 50 individual securities, or
  • purchase a ready-made basket, from a range of 21 compiled by Standard & Poor’s, which can be further customized

E*TRADE Stock Baskets charge a value-oriented asset-based fee of 0.75% to 1.25% per year, rather than commissions or transaction charges.