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Custodian fees - what exactly does it mean?

Discussion in 'Beginner's Lounge' started by nodnerb, Mar 17, 2020.

  1. nodnerb

    nodnerb

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    Hi,

    Very new to stock market trading/investing. Recently opened an international account with commsec as I see the U.S market gearing towards Dec 2018 levels.

    I've read that there is a custodian fee "Custody fees are charged to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin".

    So let's say I've bought AAPL @ 10 shares. Before the 1 year mark, can i buy additional AAPL shares or any other companies' shares to be considered an active account? Or does it specifically be (Buy/sell) AAPL?

    Feel silly with this question but felt I got to start somewhere.

    Thanks everyone!
     
  2. greggles

    greggles I'll be back!

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  3. nodnerb

    nodnerb

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    Thanks for the article! Unfortunately, it does not help my understanding on this particular issue much.

    Anyone else has any idea on this?
     
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