Gofirstclass
Well-Known Member
Back in the day, before I became just a boating bum and was working as a financial advisor, I had a partner. When I retired I opened the type of account where he has full trading authority and makes all the decisions about what to own, what to trade, etc.
For this he charges me a small amount and for that I don't pay any commissions. Of course as the account balance goes up, so does this pittance.
Recently the major investment trading companies dropped their online trading fees so now, Schwab, E*TRADE and a couple of others are offering FREE line trades.
I've talked with my partner about this and the firm he's with does not seem likely to offer any online trading. Zero. So there's no way this company is going to go to zero commission trading.
I'm considering moving my account to Schwab and doing all my trading myself. Now I do not consider myself a "trader". Never have been, likely will never be. But the ability to go online (or on an app on my phone) and trade into or out of a stock, ETF or many other classes of investments whenever I want and not pay any commissions is intriguing.
Does anyone on here use Schwab as their investment company? If so, what has your experience been?
Now what I'm NOT looking for is for people who trade with other firms to chime in and let me know how your firm does for you. No offense, but that's not what I'm asking for. I'm only interested in what Schwab clients have experienced.
Thanks.
For this he charges me a small amount and for that I don't pay any commissions. Of course as the account balance goes up, so does this pittance.
Recently the major investment trading companies dropped their online trading fees so now, Schwab, E*TRADE and a couple of others are offering FREE line trades.
I've talked with my partner about this and the firm he's with does not seem likely to offer any online trading. Zero. So there's no way this company is going to go to zero commission trading.
I'm considering moving my account to Schwab and doing all my trading myself. Now I do not consider myself a "trader". Never have been, likely will never be. But the ability to go online (or on an app on my phone) and trade into or out of a stock, ETF or many other classes of investments whenever I want and not pay any commissions is intriguing.
Does anyone on here use Schwab as their investment company? If so, what has your experience been?
Now what I'm NOT looking for is for people who trade with other firms to chime in and let me know how your firm does for you. No offense, but that's not what I'm asking for. I'm only interested in what Schwab clients have experienced.
Thanks.