Because the advantages I get from Schwab (500), are many to simply switch due to a $10.00 difference. I see the commission as a business expense, I would hope that my trading will not be affected by a $10.00 per trade commission differential, (on a volume basis, yes, I acknowledge that it does make a difference).
However, the conveniences I receive are many, (at one point, they included a similar set up as you described earlier), today, I am getting other type of benefits, plus the speed, good service, have been excellent, at least for me.
In the future, I would expect that Schwab may close the gap between E-Trade, in terms of the services you have mentioned.
However, do not forget, that one issue is:
Which broker to use ?
and another is:
Which firm to invest in ?
Two different questions....
And finally, do not misunderstand my statements, by no means I think E-trade is a bad investment, I am simply pointing out that Schwab is a formidable competitor, not to be dismissed easily...
Now, if I were suggesting Merrill Lynch.... then I would be the first one to flame myself <g> |
