Not exact matches
As a matter of fact
at TD Ameritrade, one of the biggest
discount brokers, you can't even
get a quote let alone a chart on any Vancouver Gold or Uranium stocks regardless of their price or volumes.
Some industry observers claim that the expertise and advice of
discount broker agents are inferior to what you'll
get at a traditional brokerage.
The scenario I choose is the extreme case where the employee who contributes to the company group retirement account (such as a RRSP or 401 (k)-RRB- to
get the match, can not transfer their money to a low cost
discount broker as long as they are still working
at the company.
Stock quotes DLR 1 - Log in to my
Discount Broker 2 - Bid on a limit order
at the current Ask price = 10.44 If the order
got executed, call
broker to move my DLR to my USD account 3 - If allowed right away or wait for 3 days, then sell My DLR
at current Bid Price = 9.95
If you
get filled
at 64.33 per share this will cost you $ 12,866 plus commission (which we are going to imagine is small enough not to matter — if you pay more than $ 5 commission to execute a trade like this then you may want to look for a
discount broker, see StockBrokers.com Annual
Broker Comparison.
Similarly, assuming you click through from links on this site, we receive a referral fee if you sign up with online advisors Finhabits or Personal Capital, open an account
at discount brokers TD Ameritrade or Ally Invest (formerly TradeKing), sign up with digital savings assistant Trim, use H&R Block or TurboTax, use CreditSesame.com,
get legal documents through LegalZoom, subscribe to Bloomberg Businessweek, or make a purchase from Barnes & Noble.
Throughout these years, as more and more online
discount brokers emerged, I have also
got accounts with other brokerage firms in order to reduce trading cost, even though the money I saved on commissions isn't really significant
at all.
I commented about the current cashflow issues of a lot of the farming companies, but I'm sure I'll be investing again in some of them — meanwhile, I
get to bail out of Black Earth by making a 1 minute call to my
broker, and the proceeds now allow me to contemplate a listed timber company investment instead
at a huge
discount...
So:
Get an account
at a
discount online
broker that has no account fees.
Let's assume you
get filled
at 64.33 per share, so this will cost you $ 12,866 (200 x 64.33) plus commission (which we are going to assume is small enough not to matter — if you pay more than $ 5 commission to execute a trade like this then you may want to look for a
discount broker).
Let a few of the
discounted brokers come across some litigation and they'll learn representing clients
at 1 % can
get costly with just one lawsuit whether it's your fault or the neighbors!
The Seller has the option to sell with an agency
at whatever percentage they both agree on or choose to deal with a
discount broker who will offer
discounted services and ultimately both
get a sale.