SCOTTRADE
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SCOTTRADE David Sacks 7/22 I see you mentioned that your club has their brokerage account with Scottrade. May I ask what kind of monthly fee your club pays to Scottrade? Bill $7 for each trade. When one of our members decides to open a personal account and permit us to recommend them to Scottrade, they get 3 free trades and the club gets three free trades. On Thu, Jul 30, 2015 at 4:36 PM, William Muhlke <weomuhlke@hotmail.com> wrote:
You may want to check out Foliofn for your stock broker for a more reasonable monthly fee. Date: Thu, 30 Jul 2015 16:51:43 -0500 From: jeannetieken@gmail.com Subject: Re: [club_cafe] SCOTTRADE To: club_cafe@bivio.com $7 for each trade. When one of our members decides to open a personal account and permit us to recommend them to Scottrade, they get 3 free trades and the club gets three free trades. On Thu, Jul 30, 2015 at 4:36 PM, William Muhlke <weomuhlke@hotmail.com> wrote:
Thank, but we don't want to deal with fractions of stocks. On Thu, Jul 30, 2015 at 4:58 PM, William Muhlke <weomuhlke@hotmail.com> wrote:
I'm a fan of ETrade. They include a lot of useful features & functions, including quick phone access to helpful tech support and the cost is $9.99 per trade. Considering we do not trade frequently, that trade cost is not a big factor. ETrade has always treated us as a valuable customer, regardless of account balance. Service is definitely worth something, and in this case it doesn't cost much to get a lot of service & features. Dave Nathanson Hawaiian Shirt Society On Jul 30, 2015, at 2:51 PM, Jeanne Tieken <jeannetieken@gmail.com> wrote: $7 for each trade. When one of our members decides to open a personal account and permit us to recommend them to Scottrade, they get 3 free trades and the club gets three free trades. On Thu, Jul 30, 2015 at 4:36 PM, William Muhlke <weomuhlke@hotmail.com> wrote:
David, the online discount brokers that I know about do not charge a monthly fee, nor an annual fee. Ed Berners St. Joseph Valley Investors Club in South Bend, IN
A couple of points: Scottrade does not charge a fee when you close or transfer your account, and if you are moving from another broker I believe they will reimburse your account withdrawal fee from that broker. I just checked it is up to $100 for an account valued over $10,000.00. Folio Investing offers no commission accounts to Investment Clubs that have at least 4 dues paying BetterInvesting members. They do have fees for transferring out your account. Also you do not have to deal with partial shares if you don't want to. That is an option that you can setup and control. In the interest of full disclosure My personal accounts are at Scottrade and my original Investment club [since disbanded] had their club account there. I belong to two Model Clubs that both have accounts at Folio one moved from TD Ameritrade. [And I don't get any benefit from recommending either of them] |
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