Quote:
Originally Posted by GregWeld
You can drive the Lotus all you want.
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Yea, and coilovers now, will not put Filet Mignon on your plate at retirement, the MO will!!
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.So I'm on the Schwab website reading about setting up a Brokerage account and I see they have Schwab Bank High Yield Investor Checking Account. There are no monthly service fees, no account minimum balance, and you earn interest on your balance, and the account is FDIC-insured.
Normally you need a $1000 minimum to open the Brokerage account, but if you direct deposit at least $100 a month they waive the minimum.
I can direct deposit whatever amount I see fit right out of my paycheck and the checking account is directly linked to a Schwab One Brokerage Account.
Even though my company matches money that I'd put into a traditional 401K, which I have pretty much NO control over. I can dump cash from every paycheck into the checking account and purchase whatever stocks I choose, whenever I choose, on my Schwab Brokerage account!! WIN - WIN