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

To: Ditchdigger who wrote (30688)	2/10/2019 5:16:22 PM
From: Thehammer	Respond to of 34328

TD does however pass along the discount, matching the company's drip on certain securities...they use to give you a list on request. I get the discount or matching drip price on my EPD units through TD Many, but not all companies (i.e. brokerage firms) follow this practice. It is more labor intensive (or was) as the shares are procured indirectly (sometimes directly but that is even more complicated) from the corporation / fund as opposed to "synthetic" or as I call it open market purchases. You often need to read the fine print from the company prospectus as the discounts may be variable.

To: Ditchdigger who wrote (30688)	2/10/2019 6:28:52 PM
From: E_K_S	1 Recommendation Recommended By aarod Read Replies (2) \| Respond to of 34328

I get my EPD dividends dripped by Schwab but it is a pass thru from the discount EPD offers (no brokerage fee). Remember all trades are not equal in the brokerage business now. There are Dark Pools (usually where Vanguard do their large block trades, not available to the retail customer), then trades between brokers (some brokers will pay for order flow) and then retial trades (those include pay for order flow too). If the equity is not very active, you do not always get the best bid/ask price. Many of the brokers get paid for selling their order flow and that is why they can give all those free trades. They still make fees on those trades from selling that order flow to other brokers/buyers/seller. I now ask Schwab for free trades every time I call in and get it. As an example I got 50 free trades w/ no time limit and had them put a few in the ROTH account and taxable account. I told them I was doing some re-balancing and those free trades would go along way in the IRA/ROTH accounts. When I ask Schwab how much they get paid for their order flow, the phone goes quiet. Also, they make money loaning out stock you might hold in your margin account. Just another revenue stream for them that you can leverage that for more free trades. They can always say no to free trades but then just state that Merril Lynch (a division of BofA) provides 500 free trades when you open up a new account. That's good for another 25 free trades too. . . .hehe At $5/trade, it starts to add up. Good Investing EKS