<prompt> Human: Vanguard said it would offer commission-free online transactions for nearly 1,800 ETFs, up from the current 77.No other major brokerage does this except Robinhood, M1FinanceDetails here:Competitors Fidelity offers 93 commission free ETFs: Schwab offers 200 commission free ETFs: TDAmeritrade offers 300 commission free ETFs: Etrade offers 250 commission free ETFs: NOTE: This news is good for short term traders or intermediateadvanced investors. For buyhold and new investors this doesnt make much difference if they are investing in traditional low expense mutual funds or already free low expense ETFs.For an excellent explanation see uChekovsWorm comment belowEdit1: to add M1Finance, vanguard website linkEdit 2:to add the NOTE based on udequeued recommendation. See detailed discussion below.Edit 3:to add information about commission free ETFs of other brokerages.Edit 4: Added link to ELI5 post.  <response>: 2 points that are somewhat related:- Passive investing is on the rise and this thread does its part to helpfully expose the subreddit to it. However, all passive investing is dependent on accurate price discovery, which only happens with active investing. There will be a future point where when the passive investing pendulum swings too far out, that we will hit investment kinks.- Capital markets are notorious for efficient price discovery ahead of most economic events. So, yes, while unemployment continues to look strong and even wages continue to rise finally!, the stock market had priced this in by end 2017 -- and the markets have barely moved in 2018. Be astute about the timing and the risk appetite of when you invest your hard-earned money. When things are going great, you may want to be be at your most conservative invest in safe instruments and temper your growth expectations. 