Charles Schwab offers
New Schwab Investors: Charles Schwab Investing 101 Starter Kit when you open a Schwab account and
fund the account with a minimum of $50 (within 30 days), get
$101 cash bonus to purchase stock slices (fractional shares of the top five stock by market cap in the S&P 500).
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Note: Offer is valid for new Schwab Members only who enroll/fund their accounts w/ a minimum of $50 to receive $101 in cash bonus to purchase stock slices. Fractional share (stock slice) is when you own less than one whole share of a company.
Thanks to community member
devilZ for finding this deal.
Deal Instructions- Open an account with Charles Schwab.
- Fund your account with a minimum of $50 within 30 days of opening the account to qualify.
- Once funded/verified, Charles Schwab will deposit $101 in cash bonus to your account to purchase your stock slices.
Schwab Starter Kit- $101 of Schwab Stock Slices: Get $101 and an easy way to buy fractional shares of the top five stock by market cap in the S&P 500
- Note: Top five stocks will change from time to time. Fractional share (stock slice) is when you own less than one whole share of a company.
- Investing Education: Unlock short videos and step-by-step guides to get the 101 on investing.
- Tools and Resources: Easy-to-use tools and budget planners, plus investment professionals on standby 24/7 if you ever have a question.
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Based on...? Source please.
The cash bonus will be reported on your Form 1099-INT. Any related taxes are your responsibility.
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Thanks in advance 🙏
Thanks in advance 🙏
Top brokerage firms like Vanguard, TDA, Fidelity do not charge transfer fee.
I am currently a TDA customer, but being migrated to Schwab very soon (as with many other customers).
Was much happy with TDA so far, but don't like Schwab's website or app yet, waiting to see them makeover.
Top brokerage firms like Vanguard, TDA, Fidelity do not charge transfer fee.
I am currently a TDA customer, but being migrated to Schwab very soon (as with many other customers).
Was much happy with TDA so far, but don't like Schwab's website or app yet, waiting to see them makeover.
The outgoing ones ( sofi in this case) charging the fee, incoming ones will gladly take the business for free...which I m trying to offset with some bonus/perks
Based on...? Source please.
Thanks in advance 🙏
TD Ameritrade's Thinkorswim is fast and efficient. Excellent after hours trading protocol. Big negative is the lousy sweep money market account (<0.4%). You will need to manually purchase SWVXX if you want 5.2% rate. Management at Schwab forces you to create a new user name and PW even if you are an existing TD Ameritrade client.
Fidelity's Active Trader Pro is the best if you manage +5 accounts. I have 8 small order windows linked to 8 accounts. After hours trading is complicated, but I'm working with them to facilitate order entry. The cash sweep account yields 4.95%. You can manually purchase FDLXX money market fund or treasury bills if you want to avoid state income tax. Fidelity will reimburse you the transfer out fee.
TDA and Schwab charge a transfer out fee (currently exempt for TDA customers during the migration period). Check out Thinkorswim if you are not happy at Fidelity. I prefer the stability and speed of a good windows trading platform, so the only two logical choices are TDA/Schwab and Fidelity.
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Top brokerage firms like Vanguard, TDA, Fidelity do not charge transfer fee.
I am currently a TDA customer, but being migrated to Schwab very soon (as with many other customers).
Was much happy with TDA so far, but don't like Schwab's website or app yet, waiting to see them makeover.
My biggest complaint about Fidelity is there is no feature to easily roll call positions. You have to manually place a calendar call spread order which can be time consuming. Also, once you have placed the order, you can't revise it. You need to cancel the current order and place a new one.
With Schwab, the option to roll a call position is featured right next to the position, and orders can be revised easlily.
I do like Fidelity as they automatically sweep all cash into their money market. At Schwab, you have to place an order to buy shares in their money market fund, or else it sits in cash earning nothing.
So I guess it depends on what kind of activity
When you select an account, presumably it is because you are looking at it and are about to do something with it. To place a trade, you press "Transact". Everyone calls it Trade, but no, they have to introduce a new verb. Hey, let's rename the brake pedal in cars to "blofeld pedal" while we're at it.
So back to entering a trade. You have to select an account again. It is illogical that you are looking at, say, your IRA, but want place a trade in a different. It makes more sense to select an account, and then work with that account. Look at the balance, performance, portfolio, and potentially trade in it.
But hey, what do I know. Kiplinger awarded it #1 broker app in 2023. They too must not use the app, but were enamored at the colors and pretty fonts
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When you select an account, presumably it is because you are looking at it and are about to do something with it. To place a trade, you press "Transact". Everyone calls it Trade, but no, they have to introduce a new verb. Hey, let's rename the brake pedal in cars to "blofeld pedal" while we're at it.
So back to entering a trade. You have to select an account again. It is illogical that you are looking at, say, your IRA, but want place a trade in a different. It makes more sense to select an account, and then work with that account. Look at the balance, performance, portfolio, and potentially trade in it.
But hey, what do I know. Kiplinger awarded it #1 broker app in 2023. They too must not use the app, but were enamored at the colors and pretty fonts
The trade tool box contains these info:
- account number
- cash available to trade
- settled cash
- symbol
- action (buy, sell, buy to cover, sell short)
- quantity
- order type (market, limit, stop, stop limit, trailing stops)
- TIF (day, GTC, custom, fill or kill, immediate or cancel, on the open)
- conditions (none, do not reduce)
To trade at Fidelity via browser, go to trade (upper left). Select an account and enter the symbol, amount, etc.... Simple and intuitive.
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