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Nothing better than free stock trades and their option prices aren't bad either.
Look at your current bank too. Sometimes staying in house has lots of benefits because with more than $20,000 at BOA I get additional benefits like reduced auto loan rates, mortgage origination fee reduction, and ETC. Consider everything. Those benefits get better at $50,000 and $100,000.
Warren Buffett - "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."
From my research, TD Ameritrade seems to have the best platform and better set up for reporting on retirement accounts/taxes. I know the trade prices vary among the discount brokerages, but any other pros & cons for TD Ameritrade? Have you needed assistance from one of their professionals for anything? I'm planning on transferring part of TSP to IRA somewhere in order to gradually transfer from regular to Roth IRA over time, just haven't figured out when or where to transfer.Snapdragon wrote:I'm at TD Ameritrade. I was looking to leave them, but realized pretty much everybody else charges an outrageous fee to trade small cap. Different online brokers have different cut offs of what that is, but it would effect me. So I stay at Ameritrade
evilanne wrote: From my research, TD Ameritrade seems to have the best platform and better set up for reporting on retirement accounts/taxes. I know the trade prices vary among the discount brokerages, but any other pros & cons for TD Ameritrade? Have you needed assistance from one of their professionals for anything? I'm planning on transferring part of TSP to IRA somewhere in order to gradually transfer from regular to Roth IRA over time, just haven't figured out when or where to transfer.
I have called them several times for different things. I always get a real person and they always do a good job. One time I ran in to a problem with the website, didn't effect me much but they apologized and gave a few free trades. I called them back later to see if I could move the free trades to another account and they said sure and did it quickly. I value customer service and I think they do great. They lowered their trade fees this year too. YEA! Downsides: 1) If your trade takes more than 1 day (because of so many shares trying to buy/sell), you get charged another fee the next day. Example: I want to sell 1,000 shares. If it takes 3 transactions to make it happen, but it all happens the same day, the fee is $6.95. If it takes 3 transactions over the course of 2 days you get charged $6.95 for each day. Not sure if a phone call would help that. 2) they don't always have all the news. If one of my stocks is moving more than normal, I hit Google to see if I can find something. But for what they do have, the news can be broken down by your positions and watch lists. Its pretty nice. It takes time to learn how to take advantage of stuff on the site. But again, secure messaging and phone calls and they will be more than happy to help you.
Pending AllocationsUnder development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".
What else"Don't ever half-ass two things. Whole-ass one thing."
- Ron Swanson