Introduction to binary options trading bytradersasset22 comments
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I thought one would need to pay another fee to sell the fund in question? Also according to the Scottrade to Ameritrade transition hub - https: If someone else offers such, I would like to hear about it. Scottrade's 2 dollar per further transactions was not bad either. It looks like you're new here. If you want to get involved, click one of these buttons! Categories All Categories Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer.
We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor. January 23 in Fund Discussions. I am a 77 year old retiree and not a sophisticated investor. I wonder if I would be best off with Vanguard which is known for low fees. I am grateful for any advice I can get. January 23 edited January TD Ameritrade has over 13, mutual funds according to their website.
From my research they and Fidelity have the broadest selection of funds. I too am with Scottrade and looking forward to the final consolidation as I will have more funds to select from. So often a fund I was interested in was not available at Scottrade. Albeit, they do on their non transaction fee funds held less than six months. Scottrade charged a fee on their NTF funds only if sold before three months. My advice would be to just sit tight and see how things go once TD is in charge. So how will be that handled when I try to exit.
TDA it says that it offers 12, funds, 11, open to new investors: What matters is whether they have a solid selection of good funds and whether they carry the funds you own or want to own. There are other reasons why I like Fidelity, but that's a good start. Until recently they had a great lineup of no-transaction-fee ETFs.
A good example of why number of funds doesn't tell the whole story. We found TDA fine for mutual funds, but nothing special. Often this applies to Junkster, too a brokerage will be able to hold a fund it doesn't offer for purchase, and you can even reinvest dividends and sell shares there. You just can't buy more. But not always - on rare occasions they'll be unable to even transfer in shares. This is somewhat old but I think still accurate, from Forbes: January 24 edited January What are your plans for pricing or trade commissions?
As always, our goal is to deliver great value to all of our clients. Right now, that means no changes to low commission rates. Any clients with negotiated commission rates will be honored at conversion. You'll continue to enjoy the same equity, options, and transaction fee mutual fund commission rates that you do now.
Next, that handbook is not the "Scottrade to Ameritrade handbook" but the standard Ameritrade handbook. So it makes sense that it would say Yes, I saw that from but on the TD Ameritrade website could find nothing about any fees on selling a transaction fee fund.
I guess I will just contact an office and ask them about the fees. Back then you could literally buy and sell their in house funds day after day if you wanted and zero commissions and without fear of being banned. Albeit eventually Strong banned me from datelining of their international funds. They say luck is a big element in the success equation. I am a big believer in the Luck Factor! Look at the info it gives for bank transition: There are no changes you need to worry about.
So in the case of conflicting statements here's your account handbook, and your fees won't change , I'd ask rather than hope for the best. It's in the notice to RIAs using Scottrade: This is the way I read their transition page verbiage - that they'd already sync'd the commissions as much as they were going to , and so Scottrade customers would continue to benefit from low commissions, the equity commissions. TDA also lowered its option prices at the same time, to almost match Scottrade's.
Thanks for all your help. And if I understood correctly there is no time limit on the sales. They charge you be it one month or one year. If I own it at time of transfer? What about funds that are different classes at Scottrade and TDA? There are many of these funds with higher expenses at TDA. I have never seen this before. Junkster Thanks for the feedback. Hopefully this is applicable to all Scottrade clients and not just those in their advisor program.
How many funds do you have? Fidelity is a good compromise. Your fees will depend on how big your accounts are. Their entire platform is designed for people who dont do much trading, buy into the index philosophy and don't buy more than the occasional stock. It can be irritating if you want decent charting, in depth research and quick customer service. Thank you all very much for responding. I have now a much better idea what to look out for and will spend some time on the phone before I make up my mind.
Scottrade allows partial transfers for free as well. If you are interested in no transaction fee mutual funds, I don't think anyone on the planet has more options than Schwab and they have lower initial minimums than TDA on a number of funds. January 25 edited January It also states that commissions for transaction fee mutual funds will remain the same.
So I have another three weeks to decide and I will as good as I can research all the suggestions you people kindly provided.
So it's not honoring all the Scottrade pricing after all. Exceptions to this short-term redemption fee are the Rydex, Guggenheim, ProFunds and Direxion families of funds, which are intended for short-term traders. January 27 edited January Ameritrade runs the self directed account in my k. In it, the short term redemption fee is only charged when the fund is sold in under 90 days. So they have such capabilities, the question is whether the Scottrade transfer accounts will be coded in such a fashion.
I have a regular account and have being making zero fee recurrent invest in TF mutual funds regularly for years. However, short term investment withdraws less than days will be subject to penalty fees. Sign In or Register to comment.