SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : ETRADE Sucks!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Yeshua who wrote (561)10/23/1997 9:14:00 PM
From: Emec  Read Replies (1) of 3262
 
If you are buying large volumes of shares, the difference in commission could be significant since I believe the deep discounters are, for example $9 a trade no amtter how many shares. So if you buy 5000 shares of stock X at $10 you commission would still be $9. I pay $40 for a trade with Schwab as a Schwab 500 frequent trader on the first 1000 shares and .04 per share above that so 5000 shares would cost me $200. However, if I am able to purchase stock X for 9 7/8 and you paid $10 (which is my point), I paid $625 less for the stock than you did. Even if I get the stock for 1/16 less than you, I still saved $312. The deep discount brokers ARE NOT making money at $9 per trade. You can be sure that they are making additional profi and it is buried in your trade price.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News