Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (17691)	12/2/2013 12:29:31 AM
From: Jim P.	Respond to of 34328

I have used Schwab for 20 years. Generally happy. Have an options express account also.

To: Elroy who wrote (17691)	12/2/2013 11:22:39 AM
From: JohnM	Respond to of 34328

If I were you, I would start by downloading the Thinkorswim trading app. And going through some of the demo stuff. It's loaded with all sort of ways to get information to you and multiple ways to do so. I worked my way through simple to somewhat complex a few steps at a time. I would guess you could do the same. If you were insistent on having a separate account for options, as opposed to doing it within an already existing account, I'm certain you could work something out with TDAmeritrade. As I said before, I've found them very helpful. One more thing. The Thinkorswim interface has been highly rated as a trading platform by Barrons for some time.

To: Elroy who wrote (17691)	12/2/2013 8:03:17 PM
From: sm1th	Respond to of 34328

I already have a TD A account, and they won't let me open a second account with the same name Talk to a lawyer, there are things you can do with trusts that would create a separate legal entity without actually transferring control. Depending on your situation, might have estate advantages also. Very little is still in my name.

To: Elroy who wrote (17691)	12/2/2013 8:18:08 PM
From: E_K_S	Read Replies (1) \| Respond to of 34328

Hi Elroy - All of my investment accounts are in my "Living Trust". At Schwab I created a Cash account and a Margin account (two separate account No's). The Cash account I hold my stocks and in the Margin account I hold stocks (where I write covered calls) and can also use the margin limits to write naked Puts and/or transact all my option trades. I did this because I did not want Schwab to lend out my stock if it was in a general "Margin" account. As it is now in a cash account it can not by "hypothicated" by Schwab to their underwriter(s) UBS. You never know if/when a Black Swan event may/will occur and "poof" your stock is gone because your brokerage leveraged their customers stock to the extreme. EKS

To: Elroy who wrote (17691)	12/2/2013 10:26:11 PM
From: JimisJim	Read Replies (1) \| Respond to of 34328

I have two accounts with TD... I used to have to log in to each separately, but then they started a feature that allowed me to link the two accounts... now I log into one and can switch to the other simply with a pull down menu. I have two accts. with Fido also. Same deal: I log into one and click a link to switch to the other. I have to be careful when placing orders that I double check which acct. I'm actually placing the order for.