Posted on 12/02/2017 7:30:35 AM PST by Simon Green
https://www.youtube.com/watch?v=jSd9T8ftXqc
First Class ain’t First Class anymore, either...
Is E-Trade “first class”?
“Is E-Trade “first class”?”
Probably not, but what I think they’re saying is that if you invest, you might have enough dough to move to first class when flying (certainly true so far under Trump)
Is this to imply that using E-trade will get you into first class, or using E-trade will get the executives of E-trade into first class?
Unless you are flying a foreign carrier. . .like my favorite, Emirates.
The ad plays on pure, raw class envy.
If you want to ride in first class, gamble in the stock market with eTrade!
I miss their commercials with the baby. Those were the best.
Thanks! I hadn’t see that one before. I use Etrade but I’m looking for something a little less expensive, it’s just difficult (and expensive) to move everything.
Think or swim, which is a division of TD Ameritrade might be a little cheaper then E-Trade, but their front-end their Analytics are absolutely unmatched in the industry. If you trade a lot as I do the cheapest commissions are not necessarily the best deal. If you trade infrequently it hardly matters. The main brokerage TD Ameritrade I do not like their front end at all. At all. They are the parent company for think or swim oh, and you have to apply to TD Ameritrade with a completely typical brokerage application should you wish to do so. However if you specify, you end up with a TOS account and it all works out the same.
Thanks. I was just thinking to myself: “I haven’t been watching enough commercials lately.”
One of my favorite tunes, covered by many great ones.
My wife, who knows virtually nothing about music, turns to me and says: “Tony Bennett.”
I go: “Huh! Does sound like Tony Bennett!” and look it up on the Internet (you can look up anything on the Internet.)
She was right!
The dumbest kid in high school just bought a yacht.
I don't trade that much now but the more I do the more I'm concerned about costs.
Singapore Air is the best.
It really depends upon how frequently you trade and what you trade.
There are very very cheap stock-only brokerages; anecdotally I believe they do not get good executions, but that can be overcome by only placing limit orders.
As far as I am concerned, if you place 50 trades a year or less, it hardly matters if you are paying $5 or $10 a trade.
I trade lots of options and probably do 8-30 trades a day, would like to be around 5-15. Options trades typically have a base charge of $5 or $7 or $10 (whatever your brokerage charges for a stock trade) PLUS some amount per contract. That amount can be 75 cents or $1.50 and THAT per-contract creates costs. IF you trade opts a lot.
If all you do is to trade stocks a few dozen times a year, IMO it is not important what your comms are. The caveat I would offer, though, is if when you trade ONE stock you very carefully scale in by buying 200-300-100-400 shs at different times and different prices to get to 1000 shares, that of course is four trades, not one trade. Same on the sell side.
In terms of “vanilla” brokerages, a friend of mine has a Schwab account and I was surprised to find their commissions are VERY competitive. Including options. They used to NOT be. I am where I am because there is no comparison to the options analytics available @ TOS. None, not even close. And they are very competitive comm wise. They also have access to futures which I do not trade but I *DO* trade some etfs a lot that mimic futures, so having access to futures info is valuable to me. Another brokerage I have used which is a superb brokerage with very low costs and top notch answer-on-first-ring cust svce is Lightspeed. Their claim to fame is their front end, not for analytics but for speed of execution. Their front end is a flaming Ferrari, it’s potentially lethal with how fast it is and the number of ways to act it has.
I should say that the dead nuts cheapest brokerage is Interactive Brokers, but their cust svce is ummmm, primitive in its way, and its front end takes some getting used to. >>BUT<< they directly pay the customer what most brokerages receive for order flow and for providing liquidity to the market. I have done plenty of trades in my IB account where the commission is...38 cents. $1.26. $2.13. Crazy. I have done trades there where I have produced negative commissions, actually getting paid to make a trade. You can download a fake money front end to try it out.
I’ve heard great things about them.
IMHO: First step in improving US airlines is to drop age and weight discrimination laws.
Those old, bitter, hefty and angry US stewardesses are nasty because they have been on their feet for decades and are resentful because they haven’t snagged a pilot yet. . .or did and are now divorced. . .and take it out on passengers (it doesn’t help that coach passengers are smelly, rude, spoiled, loud, entitled and demanding).
Foreign carriers, especially Pacific rim and mid-East airlines, have an upper age limit and fitness standards.
That makes all the difference.
Thanks. At this point I fit the description of not really needing to change brokerages, but I want to get more involved and I want to learn options. Eventually I’ll make the move. I really appreciate the info.
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