Beginning January 19, 2010, Schwab will be lowering its commission [PDF] from US$12.95 to US$8.95 per trade. That’s a whopping 30-percent off, for a total of 60-percent savings for every stock we buy-and-sell. The $8.95 fee is currently offered only to the rich (one millon dollars or more) or active traders (at least 120 times [...]