All things STOCKS

[Go aeiou]

Best online brokers?
I thinking about opening a 2nd account by moving assets from Vanguard.

 

[Jax_Vol]

Best online brokers?
I thinking about opening a 2nd account by moving assets from Vanguard.

Now that is a great question! I look forward to the responses.

 

[tbh]

Best online brokers?
I thinking about opening a 2nd account by moving assets from Vanguard.

I've been generally happy with Fidelity. Recent updates to their mobile app have been a step back, IMHO, but I've not had any issues with their customer service.

 

[BigOrangeMojo]

Fidelity works for me. If you are a super heavy trader, maybe shop around.

Great return on cash as well...

 

[Majors]

I've been generally happy with Fidelity. Recent updates to their mobile app have been a step back, IMHO, but I've not had any issues with their customer service.

I’m a Fidelity myself.

 

[kiddiedoc]

I like Fidelity, and the c. 5% interest right now on cash is a nice plus.

 

[Thunder Good-Oil]

Best online brokers?
I thinking about opening a 2nd account by moving assets from Vanguard.

I’ve had accounts at Schwab, Fidelity, and E-Trade.

It depends on what your needs are. I almost exclusively use an iPhone and Schwab is by far the best for me. E-Trade doesn’t show the cash position on the same screen as the stocks which is annoying.

E-Trade also only displays 30 days of history (again, this is on the iPhone app). E-Trade was also requiring me to transfer uninvested cash to their cash management/banking side in order to get a competitive rate instead of having an automatic sweep with a competitive interest rste.

For the best margin interest (borrowing) rates, Interactive Brokers is the best. I think the interest they pay on uninvested cash might be the best as well.

There are also a couple of newer online brokers like RobinHood and WeBull (?). They don’t offer all of the services.

I’d strongly recommend Schwab. At least unless/until E-Trade gets their **** together (Morgan-Stanley bought them a couple of years ago).

Fidelity would be my second choice.

 

[Thunder Good-Oil]

I do have a personal bias of preferring to do business with public companies and mutual companies. Fidelity is privately owned by the Johnson family. It’s one of the largest private companies in the country along with Koch, Mars, SC Johnson, Publix, Cox, and Cargill.

 

[JFreak]

Sheesh.. not sure this bull market is ever going to end. Guess that means it should be soon

 

[Velo Vol]

Fidelity works for me. If you are a super heavy trader, maybe shop around.

Same. Not a super heavy trader.

 

[Go aeiou]

I’ve had accounts at Schwab, Fidelity, and E-Trade.

It depends on what your needs are. I almost exclusively use an iPhone and Schwab is by far the best for me. E-Trade doesn’t show the cash position on the same screen as the stocks which is annoying.

E-Trade also only displays 30 days of history (again, this is on the iPhone app). E-Trade was also requiring me to transfer uninvested cash to their cash management/banking side in order to get a competitive rate instead of having an automatic sweep with a competitive interest rste.

For the best margin interest (borrowing) rates, Interactive Brokers is the best. I think the interest they pay on uninvested cash might be the best as well.

There are also a couple of newer online brokers like RobinHood and WeBull (?). They don’t offer all of the services.

I’d strongly recommend Schwab. At least unless/until E-Trade gets their **** together (Morgan-Stanley bought them a couple of years ago).

Fidelity would be my second choice.

I’ve had accounts at Schwab, Fidelity, and E-Trade.

It depends on what your needs are. I almost exclusively use an iPhone and Schwab is by far the best for me. E-Trade doesn’t show the cash position on the same screen as the stocks which is annoying.

E-Trade also only displays 30 days of history (again, this is on the iPhone app). E-Trade was also requiring me to transfer uninvested cash to their cash management/banking side in order to get a competitive rate instead of having an automatic sweep with a competitive interest rste.

For the best margin interest (borrowing) rates, Interactive Brokers is the best. I think the interest they pay on uninvested cash might be the best as well.

There are also a couple of newer online brokers like RobinHood and WeBull (?). They don’t offer all of the services.

I’d strongly recommend Schwab. At least unless/until E-Trade gets their **** together (Morgan-Stanley bought them a couple of years ago).

Fidelity would be my second choice.

How about Schwab's fees?

 

[Thunder Good-Oil]

How about Schwab's fees?

There aren’t any fees for most of their services (other than management fees in their own branded funds).

The Schwab ETFs have low management fees. Not as good as Vanguard funds, but very competitive none the less.

The interest that they charge on margin loans is not very good, but that only applies to a minority of account holders. Margin loans might be used by traders/investors as leverage but they could also be utilized by investors that want to pull out some cash without having to liquidate some holdings at the same time.

Their fees on option contracts aren’t the best IIRC, but again that wouldn’t apply to most account holders.

 

[Go aeiou]

There aren’t any fees for most of their services (other than management fees in their own branded funds).

The Schwab ETFs have low management fees. Not as good as Vanguard funds, but very competitive none the less.

The interest that they charge on margin loans is not very good, but that only applies to a minority of account holders. Margin loans might be used by traders/investors as leverage but they could also be utilized by investors that want to pull out some cash without having to liquidate some holdings at the same time.

Their fees on option contracts aren’t the best IIRC, but again that wouldn’t apply to most account holders.

No margin. At 5% don't mind Fed MM. No options.
Stocks, etf's, CDs for me.
SIPC coverage is too low. If one firm fails I'd still have the other. The only way I see to get more coverage?
Hopefully two firms don't fail at the same time. Computer hacking?

 

[Thunder Good-Oil]

No margin. At 5% don't mind Fed MM. No options.
Stocks, etf's, CDs for me.
SIPC coverage is too low. If one firm fails I'd still have the other. The only way I see to get more coverage?
Hopefully two firms don't fail at the same time. Computer hacking?

I think that SIPC limits by institution apply to exact account owners. So each spouse can have an insured account as well as a joint account. But I don’t worry about those things. The assets aren’t supposed to be commingled so it would take a failed institution coupled with fraud and asset recovery efforts that come up short.

 

[Go aeiou]

I think that SIPC limits by institution apply to exact account owners. So each spouse can have an insured account as well as a joint account. But I don’t worry about those things. The assets aren’t supposed to be commingled so it would take a failed institution coupled with fraud and asset recovery efforts that come up short.

80 % of my $ is in a SEP-IRA. I became self employed at 33, and could put $40k/year in it. So no way to put that in wifes name without withdrawing and paying the tax.
OTOH I'll look near the end of year, and withdraw until I hit an undesirable tax bracket.
I have to start taking RMDs in 2 years(roughly 4% in first year)

 

[Jax_Vol]

80 % of my $ is in a SEP-IRA. I became self employed at 33, and could put $40k/year in it. So no way to put that in wifes name without withdrawing and paying the tax.
OTOH I'll look near the end of year, and withdraw until I hit an undesirable tax bracket.
I have to start taking RMDs in 2 years(roughly 4% in first year)

Are you age 71?

 

[Go aeiou]

Are you age 71?

72 in Feb, 24.
Ha, time flies.
I think I will have to start next year.
Vanguard will make me. I've moved money to CDs to take care of that.

 

[Jax_Vol]

72 in Feb, 24.
Ha, time flies.
I think I will have to start next year.
Vanguard will make me. I've moved money to CDs to take care of that.

Yes, I occasionally help a brother in that same age range. Born in summer of 1950.

Think he had a couple of near misses with Vanguard, but the government keeps extending the date. People are living longer.

 

[mrorange211]

I dunno why anyone would use a service for trading stocks other than Robinhood. I have Vanguard for my ETF and retirement, but RH for trading options/stocks. It's just too easy and made for the phone.

 

[Go aeiou]

I dunno why anyone would use a service for trading stocks other than Robinhood. I have Vanguard for my ETF and retirement, but RH for trading options/stocks. It's just too easy and made for the phone.

Because they don't use a phone to trade stocks?
I use a laptop.
I'd rather have one broker than two. .
OTOH, I have no idea what all you can do on the VG app. It says "buy and sell investments"?

 

[Thunder Good-Oil]

I dunno why anyone would use a service for trading stocks other than Robinhood. I have Vanguard for my ETF and retirement, but RH for trading options/stocks. It's just too easy and made for the phone.

Little if any research or resources for investment analysis.

They’re operating under a payment for order flow model - which I believe will limit price improvements on market orders.

Fewer products.

Still using a fairly new, unproven platform. Their system(s) might could wig out in panicky scenarios (like when you couldn’t log on to brokers during the dot com crash or 9/11).

They probably charge more for margin.

Might not have as many account types available.

Phone support could be lacking.

They blocked retail investors from participating in the meme stock short squeeze while their institutional partners were covering their short positions.

 

[BigOrangeMojo]

The money I make on cash at Fidelity offsets any nominal trading advantage from another provider....

 

[Carp]

What the hell has gotten into Abercrombie and Fitch? It has doubled the pace of NVDA on the year.

 

[Go aeiou]

What the hell has gotten into Abercrombie and Fitch? It has doubled the pace of NVDA on the year.

What's old is new again.
As far as stock price. I think we are in an age of "follow the leader". Little or no financial analysis.

 

[mrorange211]

I get it. It's not perfect, but I won't use anything else. Platform makes it too easy and they have good % rates.