Bill, Much thanks for providing details of your own experiences with Schwab. That helps others make a more informed decision than my admitted one-sided, very specific viewpoint. I like Schwab as a company a lot. They are a decent, reputable, squeaky-clean firm (in terms of how they fare in SEC audits) that doesn't front-run their customers. But their eminent and honorable founder, Chuck, doesn't like bonds, and --all internal mission statements to the contrary about intending to provide fixed-income products to their clients-- they fail to match what can be found elsewhere. Bonds just aren't their thing. Never have been; never will be. This isn't to say that I won't do a bond trade there on the rare occasion they're offering the best price. But I really set up the account so I could rotate some money back into mutual funds, an asset-class I haven't had anything to do with for a dozen years now. As for stocks, I'd never execute them them, either, not when I have direct-access through IB at half-cent per share, and my margin rate is 1.66% as opposed to Schwab's 8.50%. But as a mutual-fund supermarket, they are competitive with their peers and, back in the day, I made good money using them as my broker. Charlie
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<