Re: [CANSLIM] Schwab Sux

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] Schwab Sux
Date: 7 Mar 2002 09:07:23 -0800

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Sorry, I argued that and they said you must have 25 trades AND $50k in the=
=20
account, or no dice. Since mine is a DVP where the cash is held in the=20
trust, no discount and no waiving the fee. My 401k Trust account only has=20
DVP arrangements with Schwab and Etrade.

At 10:39 AM 3/7/2002 -0600, you wrote:
>Tim, that charge isn't for active traders. I wish you luck at E*Trade=20
>because I had nothing but trouble when I used them (very poor order fills=
=20
>and at least one accounting error per month) until
>the summer of 2001.
>
>I'm a very happy Schwab customer and only pay $14.95 per trade because I'm=
=20
>an active trader.
>They also provide Level II and Street Smart Pro at no extra charge.
>
>Active Traders Trade Equities for as low as $14.95!
>
>Through Schwab's tiered pricing, consistently Active Traders can get=20
>consistently lower commissions with equity trades for as low as $14.95 per=
=20
>trade including limit and Nasdaq orders.
>
>Schwab's Active Trader Commission Discounts
>Pricing for Equity Trades* Up to 30 Qualifying Trades* 31-60 Qualifying=20
>Trades* 61 or More Qualifying Trades*
>1,000 shares or less $29.95 per trade=B9 $19.95 per trade $14.95 per trade
>More than 1,000 shares $.03 per share $.02 per share $.01 per share or=20
>$14.95, whichever is greater
>*per account per quarter
>
>Get Discounted Pricing on any of our Automated Trading Channels
>Now Schwab has the same low commissions for equity trades placed through=20
>any automated trading channel. So whether you use schwab.com,=20
>StreetSmartPro=99, Velocity=99, Telebroker=AE, Schwab by Phone=99, or=20
>Pocketbroker=99 Service, you can enjoy equity trade commissions as low as=
=20
>$14.95 limit orders on all exchanges.
>----- Original Message -----
>From: <mailto:Tim@orerockon.com>Tim Fisher
>To: <mailto:canslim@lists.xmission.com>canslim@lists.xmission.com
>Sent: Thursday, March 07, 2002 9:50 AM
>Subject: [CANSLIM] Schwab Sux
>
>I was never that happy with my Schwab 401k account, and now they have added
>the straw that broke the camel's back. Seems they now charge a $3.00
>"handling fee" on both ends of their already expensive commissions ($29.95;
>the former volume discount is gone). I am pulling it and giving it to
>Etrade today. The worst thing is, it's a new fee as of March 1 and they
>didn't even have the courtesy of notifying me. Just slapped it on. If I had
>known I would have opened an Etrade account immediately, which I guess is
>why they didn't tell anyone.
>
>
>
>Tim Fisher
>Ore-ROCK-On Rockhounding Web Site
>Owner, Fisher Fisheries, Ltd.
><mailto:tim@OreRockOn.com>mailto:tim@OreRockOn.com
>WWW <http://OreRockOn.com>http://OreRockOn.com
>
>
>
>-
>-To subscribe/unsubscribe, email=20
>"<mailto:majordomo@xmission.com>majordomo@xmission.com"
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>
>

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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