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Of those you listed, I think only Scottrade does not have a direct dividend reinvestment program. They do have a modified dividend reinvestment plan that allows you to accumulate your dividends and reinvest commission free. I have been very happy with Schwab. They will negotiate on commissions depending on how much money you are bringing over to them.
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Lance --- For me Schwab has the best investing tools. To me it's like the difference between the iPhone and everything else (okay - this gap may have closed in the last couple years but you get the drift)..... I could pick up the iPhone and do EVERYTHING I needed to do without reading a book or being confused...... That's Schwab for me. It's clear - easy to navigate - has ALL of the information I need. Versus let's say my Wells Fargo brokerage account that is so cumbersome and the info on a screen is missing vital "clicks" like Total Return info.... I go to Schwab to see that in two or three click from logging in. BAM! I need that info and sometimes if I want to take advantage of a situation I need that info NOW! So just my .02
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I like the Schwab tools too. Get out your buy list, Dow futures are down big!
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Like you -- I have a boatload of cash and will be a buyer of the stupid sellers..... also known as "the weak hands". |
I know it's kind of frowned on a bit but I would mind hearing about good buys during what will undoubtedly be weak hand tones the next few days
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Thanks for the advice everyone. I'm down to looking at Schwab and TD Ameritrade now.
Wierd as this may seem in this day and age, TD actually has the edge currently because they have a local office I can walk into to open the accounts. I haven't had a relationship at an actual bank for my everyday banking since 1997 but I recently opened several accounts at a local bank 2 miles from my house and the customer service they have provided since has opened my eyes greatly. It's like they WANT my business... ML can't even handle the closing of my accounts without inadequacies...they are horrible in all regards customer service wise. I too have my buying button warmed up, stretched out, and ready for action this morning. |
There's going to be so many buying opportunities going forward! If Trump can get 10% of what he wants to do, done...... then we'll be rebuilding America!
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Caterpillar opened 6 bucks higher this morning.
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