Thoughts & Opinions About Online Brokerages

[WestcoasttrendkillParticipant 234]

I know its possible to buy stocks directly from companies. Most publicly traded companies have people or a single person dedicated to handling stock inquires and transactions. It’s something I spent a little bit of time researching.

I’m curious how many other men on here use the more popular online brokerages like E-trade and Scotttrade and what the pros and cons are. Just looking for some honest answers and not all the paid propaganda I seem to find online everywhere.

I know there are fees involved with using online platforms. I’m searching more for opinions than facts.

[ghostParticipant]

Schwab.

[CarnageParticipant 22113]

Im using the ing bank broker, is easy to use and Fees are plausible.

I use coinbase for cripto.

But don’t invest much, this is a fools game, when info gets to us, it is already 3 days old.

To those following me, be careful, I just farted. Men those beans are killers.

[743 roadmasterParticipant]

I have been using Scottrade for the past 8 or 9 years, which just did a join up with TD ameritrade. Can’t complain though I have noted some people are offering a dollar or so less per trade.
Before Scottrade I used Investrade, can’t complain about them did what I wanted and had good information.
The only reason I changed from Investrade to Scottrade was local office so I could drop off a check and be able to trade in hours. Investrade I would have to mail it to them and that would take anywhere from 3 to 5 days. At the time, it offered the best price on options contracts which I was trading a lot at the time.

mgtow is its own worst enemy- https://www.campusreform.org/

[JVBParticipant]

Vanguard

Peace is > piece.

[MarketWatcherParticipant]

They are all about the same. Pick a platform you like and go with it. I personally like Ameritrade and use Coinbase for the crypo game. Fees have gone down big time across all platforms, so it is hard to go wrong.

Carnage wrote:

when info gets to us, it is already 3 days old

Great point. Remember, you will never out smart Goldman Scahs. Plus a Bloomberg subscription is over 25k per year.

Good luck.

[BeerParticipant 11832]

I use Schwab. It costs I think 7 bucks a trade…which I think is about average for online brokerages. Its not a big deal if you aren’t doing 500 dollar trades several times a week.

Pros
– I linked my brokerage account directly to the checking account I have at my local credit union, so its fast and easy to transfer money…don’t have to send checks via mail and sometimes wait over a week for your money to get where you want it.
– Making a trade takes literally seconds, no phone calls required or contacting anyone required…just punch in a price and ticker, click on limit trade, click buy, done. Selling is just as fast and easy.
– All my gains are captured on one tax form, which makes my life easier at tax time.

Cons
– I’ve never traded any other way and the online thing has always worked for me and I’ve never had any negative experiences with it, so I can’t think of any to be honest.

[WestcoasttrendkillParticipant 234]

Thanks for the tips. I signed up on Coinbase tonight. Getting that started at least. I could have gotten into Bitcoin back in 2011 if I had listened to the people telling everyone about it.

I could be a millionaire right now if I had.

At least I never got married.

[KTHParticipant 151]

MarketWatcher wrote:

They are all about the same. Pick a platform you like and go with it. I personally like Ameritrade and use Coinbase for the crypo game. Fees have gone down big time across all platforms, so it is hard to go wrong.

Carnage wrote:

when info gets to us, it is already 3 days old

Great point. Remember, you will never out smart Goldman Scahs. Plus a Bloomberg subscription is over 25k per year.

Good luck.

I think it’s possible to compete with them in a specific area, especially if you have a few savvy guys with complementary knowledge.

Years ago I worked for a company that made devices called servo-writing spindles that are needed to manufacture hard disk drives. The Seagate reps would always come around with charts showing that disks would continue to outpace flash memory for at least another decade, On one occasion I pointed out to one of our VPs that it didn’t matter whether disks grew faster; it was already possible to run a fully functional office computer from a CompactFlash card (albeit barely), so even if flash didn’t grow as fast as disks, it wouldn’t be long before it was able to meet most people’s needs. (The same thing happened with horsepower in cars.)

A couple of years later the first flash iPod came out, and not long after that the first flash based nentbooks hit the market. Then came tablets and phones that could do some of the work of a computer.

I couldn’t have told you exactly what effect it would have on stock prices or when they woould change, but I’d bet that a group of smart guys could get together and improve their odds by quite a bit.

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