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Strategies & Market Trends : Value Investing

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Jurgis Bekepuris

To: OldAIMGuy who wrote (62670)	10/10/2019 10:24:46 AM
From: Spekulatius	1 Recommendation of 78481

Fidelity seems better than Schwab in terms of interest earned and margin rates. It matters because I often hold significant cash. When I rarely use margin and if so to typically to eliminate currency risk when I trade on foreign exchanges with Interactive brokers - I have negative foreign currency balance offset by positive USD. My Fidelity cash is held in SPAXX and earns currently 1.57% (it was higher earlier in the year). Just for fun, my last cash earnings from this holding was $271, which pays for quite a few commissions. Wells Fargo didn’t pay anything on cash and foremost the user interface sucked and customer service sucked. With the advantage of the 100 free trades gone, I see no reason to deal with them any more.

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