Thanks for a fast reply...wasting your Saturday too are you?
My excuse is that I have a runny nose so can't do any work!
Works for me!!
I've used Schwab for years for the same reasons you mentioned, and I find it amusing that they are now offering all these services like financial planning, stock advice, etc. When I opened my account years ago they took my money and opened my account and that was it! Getting them to say anything about trading except the mechanics was impossible. I knew that, but, it was still difficult for me to understand that no one was going to help me figure out what to do with my few investment dollars. So, at first I just put it all into mutual funds and did ok. Finally, I got braver, and with the help of the new, improved internet, I started buying stocks directly. Boy, was I nervous! Luckily, I actually made some money, and have never looked back. But since I am self educated in this area, I can't seem to get myself to use many of the new features that Schwab offers, maybe I will one of these days, but I have developed my own methods and habits die hard. I agree with you about service being more important than price per trade, and they have been very responsive to my questions.
When the price dropped to the low 30's I just had to buy some because they have been on one of my watch lists for the past year or so. I not making any money off them yet, but I like to buy good stocks cheap,and that usually means having to wait awhile for the big upswing or appreciation. So I'm not a day trader by any means but I can sleep at night better. Even though Schwab's P/E is high, I think they are a good bargain at these prices. I would like any comments from all on this board about Schwab's performance for the next 12 months...
Thanks again......
CMM (lottalurking) |
