What do y'all think about Ariel Investments? They caught my interest because they're black-owned.
Yeah I heard about them too. However, they are not a discount broker. To my knowledge, there are no black owned discount brokers.What do y'all think about Ariel Investments? They caught my interest because they're black-owned.
Why use paid apps over robinhood? Like what are the advantages?
What specifically are you trying to learn? About the stock market? About trading? How these platforms work?Where can i get some information on how to properly utilize these products?
This may seem minor to some...but I actually like using a computer vs a phone.Why use paid apps over robinhood? Like what are the advantages?
This may seem minor to some...but I actually like using a computer vs a phone.Why use paid apps over robinhood? Like what are the advantages?
Looks like TD Ameritrade felt the pressure and is going the same way too: TD Ameritrade Jumps Into Price War With Fidelity and Schwab . The just sent out an email with the details, becomes effective March 6Posted this in the boiler room thread a couple of weeks ago. For those who are not aware:
Charles Schwab just lowered their trade fees from $8.95 to $6.95 starting March 1st.
They also lowered the expense ratio for some of their index funds:
Here's How Charles Schwab Is Waging Its War On Stock, ETF And Fund Fees
Charles Schwab cutting fees again
Shares of Charles Schwab (SCHW) fell Thursday as the leading online broker announced that it will cut its trade commissions on stocks and ETFs starting Friday and lower expenses on its index mutual funds starting March 1.
Schwab will reduce its standard online equity and ETF trade commissions from $8.95 to $6.95, making them lowest among rivals such as Fidelity, Vanguard, TD Ameritrade (AMTD) and E-Trade (ETFC). Commissions at those competitors range from $7 to $20.
Expenses on Schwab's cap-weighted index mutual funds also will be aligned with their ETF counterparts, putting them among the lowest in the industry. Investment minimums are being eliminated for those Schwab funds and a single share class will be used, enabling even the smallest investor to pay the lowest possible fees, according to Schwab.
"Any investor will pay the same best rate across the board," Schwab CEO Walt Bettinger said in a call with analysts. He described his firm's latest moves as "critical for growth in the future."
The new expense ratios on Schwab S&P 500 Index Fund (SWPPX) and Schwab Small-Cap Index Fund (SWSSX) are 0.03% and 0.06%, respectively. Schwab U.S. Aggregate Bond Index Fund, set to launch Feb. 23, will charge 0.04%.
Competing index funds from Fidelity and Vanguard cost anywhere from three to five times more for a $5,000 investment, Bettinger pointed out.
One day after Fidelity Investments announced a fee cut for individual investors, and 12 hours after Charles Schwab Corp. followed suit, TD Ameritrade Holding Corp. waded into the fray. Late Tuesday night, the company said it had lowered commissions on standard online retail trading to $6.95, from $9.99, a trade. The lower rate also applies to options trades, though the company maintained its 0.75 cent fee on individual contracts.
The rates don't match those of its rivals. Fidelity and Schwab lowered retail commissions on online trades to $4.95, from $7.95 and $6.95, respectively, and moved from a fee of 0.75 cents per individual options contract to 0.65 cents. Fidelity is the nation's largest online retail brokerage, with 17.9 million accounts and $1.7 trillion in client assets as of Dec. 31, 2016.
I wonder if E-Trade is going to make a move. TD had to do something $9.99 is too much in the current environment.Looks like TD Ameritrade felt the pressure and is going the same way too: TD Ameritrade Jumps Into Price War With Fidelity and Schwab . The just sent out an email with the details, becomes effective March 6
I've been with TD ameritrade for years. Never had to speak to a broker once
with robinhood, stash and other free apps, you have a bit of a delay, like days to even a week for your trade to go through.Why use paid apps over robinhood? Like what are the advantages?