19 Burst results for "Schwab Td Ameritrade"
"schwab td ameritrade" Discussed on Newsradio 970 WFLA
"Charles Schwab TD Ameritrade there other custodian south there, but just understand the mechanics of that and then you know, take a look around. Nobody wants to work with for lack of a better word fly by night organization, you know, take a look at the corporation. Take a look at the company. Take a look at who's behind the company. At Tallinn Wolf Management. We're very open about all of that with our clients, and certainly with anybody who wants to come sit down with us. You know, it's interesting Christian or a lot of times, people will be sitting and Aiken. Tell you the question. They're gonna ask before they ask it because they dance around a little bit. They're nervous to ask when you say. Well, listen, how much do you get Paid? How do you get paid? No. How do you know? Well, how to get pays one of it, But that's easy. The hard question is Don't want to offend you. And I'm sorry to ask, but how to lie? No, My money is going to be safe with you. You know what? I don't even think that should be a problem Asking that question. I guess that's why I asked the other one for it's not a problem for us at all. But they, you know, they don't want to go. These conversations like here you are. They don't go here Gonna rip me off right this legit, you know, you know, so I try to create a situation where people don't have to ask me that question. I answer the questions that they might have about whether or not we're legitimate. How's their money protected before they have to ask me that question, But sometimes they just want to know. So Christian. It's important work with someone you trust. You have to know your money safe. If you'll just make sure that their fiduciary if you just make sure that they're custodians are legitimate. Take a look around and trust your instinct. If it sounds too good to be true, it probably is 8135500707. Eat 135500707. Reach out to Mike or another talent, Wealth management fiduciary advisor off the air. That's who's usually standing body. Answer the phone, no matter what it is a talent wealth management team member set up a time to have them go through.
"schwab td ameritrade" Discussed on AM 570 The Mission
"Fisher Exclusively on your money Monday. Kevin McCullough radio. There is an important set of policy issues that have been Raced as a result of market volatility in recent days, and we think congressional attention to these issues is appropriate. That's all because some big hedge fund guys got caught literally with their proverbial pants down. I guess it can't be both literal and proverbial butt. They got outsmarted by a bunch of just everyday Joes in a chat room over on Reddit and drove the price of a an otherwise unremarkable stock, called Gamestop through the roof made some money off of it, where all of this ends. You know, all of the big trading houses that they've got all their important friends on one on Capitol Hill. Shouting unfair unfair, But when you know, one of them makes the decision to just, you know, do a massive sell or buy. They manipulate the market and very similar fashion here to discuss this and other economic news today is none other than David Fisher, CEO of the aforementioned landmark capital, David. I've I've never seen in one week's time. Such an UN remarkable company is Gamestop, which really has no, you know, marketable future in terms of their current brick and mortar kind of business approach make not only the headline news across the news channels and the business channels but then also make it into sketches on Saturday night Live and then still be being talked about a week later. This this is this has really been something for that little game company. Yeah, You know, the stock's gone from like under 20 bucks here for years has been around that level toe 3, 25 and then a couple weeks has pulled back now that 2 40. And change and nothing's changed in the company. They haven't sold any more things made any more money. It's just a manipulation is all it is through. Had fun and you know, and then, like you said the short Smaller investor got involved in the market and said, Let's you know sock it to him. And they did. And then there's a hedge fund by the name of Melvin Capital off 53% of their money here in January and Gamestop room so That's because they were all betting It's going to go down because it wasn't making any money right. So it was so much volume they limited in Robin Hood, Charles Schwab TD Ameritrade. On its even today. They're having power urges infidelity, E trade and Ameritrade, So I mean, it's it's not done, and it's also happening in the silver market. We'll talk about that in a second, but This whole idea of this big run is probably over Kevin because the shares of shorting the market have declined by up in 350 35 million shares just over the last week, so I wouldn't play the game anymore. That's what it looks like. And we're gonna probably see the stock probably adjust to the lower side. Yeah, well, and it is interesting. There's a lot of, you know, uh, discussion to have about that on the margins in terms of the fairness, but I think what it exposed the average American to is that he's big. Of hedge fund companies do have a lot of power to manipulate the market far more often than we realized And when these little guys were able to, you know, somewhat organize and execute something that's similar to what the big houses do all the time. I think for me what it is, you know, made me realize in crystal clarity is that the markets are manipulable. The paper markets can be tricked and that that's worrisome. If you're all in paper, Martin, if your money's all in paper, you're vulnerable to that. Yes, You're exactly right. This is kind of like a David Goliath play the hedge funds being the Elias taken. They can do no wrong and never control yet the Davids, the smaller investor brought him down and like I come in them, I think it's a great idea. Because it there is this big separation between Wall Street Main Street. But now we have some precedents of history, and I think we'll have more of it because I don't think the public is a had enough. With what Wall Street does unethically and squashes the small investor and they're fighting back, and that's all this is all about. Why, and don't get me wrong. I'm not putting the diamonds Gamestop over AMC or any of the others that they're doing, but he did. I did kind of sit there and kind of chuckle to myself said feels different when the shoe's on the other foot, doesn't it? Speaking of silver, you said that they've had and I'm looking at them today. They had their up big time. What's going on with them? Boy said last week that there was going to be a big movement silver and as because when Janet Yellen was talking and supporting this $1.9 trillion spending bill, the silver future bets Went up significantly. A half a billion dollar growed up in the silver derivative market, considering you know that's 20 million troy ounces and well, and if we mind 2.2 million ounces only a day, so it's a huge movement of money coming in there. But the same thing that happened in game stop is now happening because the whole bunch of boards are saying that we need to do this to the big banks, The big banks and a form called Wall Street Bets form. Riddick and many others said, Let's talk it to the big boys that's caused the biggest shortage in the world. And they encouraged trade traders to pile into silver. And they did. And this is another David and Goliath theme where individual investors are inspired to take on the short selling hedge funds because they were trying to the big boys were trying to short The silver market and gold market because if they let go in silver run to be like the emperor has no clothes, central banks would are going short on this and they don't want the prices of silver and gold to go up. Well, obviously the small investor took the lead. And we're seeing the biggest snake in silver since the Lehman Brothers up 10% early trading. It's pulled back a little bit, but up substantially. This is all because They're not wanting to play the game with the hedge funds, and this is the those that are feel that Wall Street is taking advantage of the system. They're fighting back financially and actually won today. Yeah. Now in the seventies, um, you you've mentioned, you know inflation, investors cornering a physical market. Is that, in essence, what's happening here? Absolutely so, You know, central banks and commercial banks are a major risk right now there, according to the king commitment of trader reports, there's about $35 billion in short positions, and there's a squeeze going on and silver short beat their bidding. It's going to go lower. But the problem with that is that there's not a silver out there. So everybody who was betting on Silver's took physical possession of it. The system would implode from the standpoint of the silver market would just rallied. Don't say as much as games, but it would be in the same classifications. So in the seventies, the hunt brothers bought the physical market two brothers out of Texas. They tried to corner the market, and we're seeing the beginning signs of this right now, and.
"schwab td ameritrade" Discussed on WGN Radio
"Asking a judge to force financial services company Robin Hood to allow its account holding amateur traders to buy stock in game stock. It was temporarily blocked on the Robin Hood Act and others the director of Chicago based investment banking firm Performance Trust Capital, Brian Battle on January 12th Gamestop was 20 yesterday. It was 3 47 last night it was 500. So that is causing pain. Institutional investor Charles Schwab, TD Ameritrade and interactive brokers all similarly restricted amateur traders on their platforms from submitting related trade transactions. This after amateur traders on a reddit thread drove Gamestop and AMC stock prices higher that led to big losses for hedge fund managers. It doesn't seem fair. If you can buy stocks and sell socks is an institutional Bester, It seems like retail investors should be able to do the same thing. More details in a deadly fire that killed a mother and her four daughters and display means WGN's Kim Gordon. The Fire Department says the space heater may be to blame for the fire that killed 25 year Old Cafe Lee's Odio and her daughters, ages 653 and one Pearl. Seminary investigation showed the heater was at the top of the stairs of the second floor unit. The only way in and out of the family had no way to escape. Foul play is not suspected, and there were no smoke detectors inside the duplex. Kim Gordon WGN NEWS Chicago police have implemented a plan aimed at pushing back against the rice in car jackings up more than 120% in the city from this time a year ago. Already 185 Carjackings in Chicago in the 1st 28 days of this year when judges don't properly sentence or are in a way handcuffed by the juvenile justice system. We're gonna continue to see this from 49th Ward Alderman Brendan Riley telling W Chance. Bob Surat, the criminal justice system in Cook County. Is partly to blame. Some home health.
"schwab td ameritrade" Discussed on NewsRadio KFBK
"We We pull up my game Stock quotation. Man alive is still going sharp ups and sharp down today, so So, look, I mean this whole story with game stock. We We talked about it yesterday. Game. Stop the stock of game stop. Um, we talked about it yesterday. We talked about short selling. We talked about why? I don't even know if I got into, um, short selling squeezes the squeeze, it happens. Um, but we can get into all that. You have questions about how this whole thing. What? What is this whole thing about Gamestop, but a big deal happened today. Involving this stock and involving Robin Hood. Because Uh, Robin Hood. Well, this is, um I can't confirm this. But this is from a, um Twitter feed about this more than half Of all Robin Hood users. Own at least some Gamestop stock. Believe that half of people that you that have gate that have Robin Hood accounts. Have some either one. Stocker, Dozens doctor Million's doctor anyway, there in there in the Gamestop, and what happened today is Robin Hood. Said. This is this is too much. This is this isn't this isn't right. So you know what we're gonna do. We're gonna restrict trading in game Stop. Robin Hood. Just put the brakes on. I think this could this could wind up killing Robin Hood. Really do I mean this You can't have Somebody. I mean, think about all the people. That are maybe they bought shares. Ah, year ago. Maybe they bought shares. Um yesterday afternoon. But you know the market is so volatile, especially for this stock right now. It's down. 92 bucks down 26%. Last traded $254. It closed last night. Remember? We finished the show last night to tell you $347 Well if it went from 3 47 last night. And now it's trading at 2 58. And you wanted to get out of it sometime along this this time frame. How do you get out? I mean, you got a problem? What are you going to do? And so there has already been a lawsuit filed earlier today in federal District Court in New York City. And I, it's a class action lawsuit. For restricting the trading of the stock. Claims the day trading have purposely willfully and knowingly removed the stock Gamestop from his trading platform in the midst of an unprecedented stock rise. Thereby depriving retail investors off the ability to invest in the open market and manipulating the open market. That's the words from the lot from the from the lawsuit. So they're not the only ones Charles Schwab. TD Ameritrade. They have also moved to restrict the shares. Driven up by users of red. It's Wall Street bets, Subreddit. So, um, People of media is put in phone calls Tol Robin Hood. Going, eh? You have got a comment about this. They're not. They're not responding. Could you imagine being an executive at Robin Hood? Things have been going great. You got people, son and up Lichter display. You've got all kinds of customers. And then you go. Okay. This this is this is out of control. Uh, but it's not. It's not your farming you your platform for trading. And I presume? That your shares are being held by Robin Hood that you don't actually have physical contact. You don't have your shares and you're in your pocket. So if they're being held at Robin Hood How do you close out your account? How do you want to sell? If there's not the stock has gone down. Almost 100 bucks. And they decided to close you could restrict writing on it. I know in the past, I've done some stories. We talked yesterday, of course about Gamestop and we talked about Robin Hood, and we had some callers. Yesterday, A guy called and talked about his son and How his son was involved, and it was a great way to get him involved in investing and he was all happy. I wonder if he's listening right now because I would love to hear back from him about how's it going with this? I mean, it's one thing to have market risk to say, OK, I'm going to invest here at $257 a share. Cause I think it's going toe the moon. And it doesn't okay, That's market risk. I get that. But how do you How do you just tell somebody that owns the stock? And it's being held by you, Robin Hood, and they want to sell it and you won't let them. You know you're cruising for mass of lawsuits. I can't imagine how Robin Hood is gonna win this lawsuit, and I can't imagine that it's not going to cost them massive amounts of money. If you own Robin Hood, and the stock has gone down. All you got to say is I tried to. I wanted to sell it, but I could not. Therefore I am damaged. I am financially damaged. Stock was Let me look here. This is just on today's right at one point this Woz 11 20 this morning Eastern time. The stock had gone from 3 57 3 46 last night. Down to $126. At 11 20. So that's 220 bucks. It started off this morning went up. 2 $469. Then down it started going at 4 69 quote was a 10 a.m. half an hour after the market open this morning. So then it goes down from 4 69. Down to 126. $300 per share drop. Then that was the bottom for the day. Then it came back up, then went down a little and went back up higher than down a little started trading, chopping back and forth and a fairly narrow range. Then at a now hour ago, exactly an hour ago that to 10 P.m. Eastern time. It's shot back up to the high of the day. $492 I remind you At 11 20. It was 100. $26 a share A Knauer ago. It was it $492 a share. And right now is treading it $247 a share. So can you say volatile? The bigger story is that this isn't just I'm sorry. This I know this is this is not a financial exclusive, you know, stock market show. The thing that's fascinating about all this is This is about democratizing. Wall Street. You got a bunch of Wall Street traders..
"schwab td ameritrade" Discussed on Bloomberg Radio New York
"Another day, another day with game Stop and read it and short sellers at the top of the news agenda even is the market overall rebounds from a down day yesterday for the latest. We welcome now remain. Bostwick. He is the co anchor. Of would you miss? So Ryan? Thanks for being back with us here today gives a sense What's going on with game stuff? First of all, I looked at it earlier, and he was dead. I was up and now it's down. Yeah, I mean, at one point in pre market trading, it was above 500 opened lower by about 30% and then kind of bounce around all day long here there were several volatility. Trading halts not only on Gamestop, but a lot of the other sort of mean stocks out there. AMC BlackBerry American Airlines quite interesting getting caught up in this As well. But what's interesting here now is this is becoming a much bigger story than just the price action here Right now, David, you're talking about companies that brokerages primarily Robin Hood interactive brokers. Schwab TD Ameritrade, basically saying that they're putting curbs on your ability to trade these stocks, including an M C N G. M E. Robin Hood, actually saying that interactive brokers took it a step further, saying Not only can you not trade some of these stocks There's going to be higher margin limits, and what's interesting is they're basically liquidating the options on specific stocks, basically shutting down the market in some of these things, really raising a debate right now as to not only whether what they're doing should be done, but really kind of the ethics of it. There's really this idea here that the markets have already really, for the most part mint seen as a casino, which is basically been a casino. With the big guys. And now the little guys, they're here taking over the casino, and there's a broader debate as to whether you should be shutting them down. If you allow the big folks to do it, you see, you know, on our board here for our viewers here on TV. All of the people who had piled into puts, but we also saw a wide variety off just volume across the tape here, whether it was the small cap stocks ever getting bit up, But even some of the larger cap stocks that we're actually getting big down that created one of the most volatile days that we've seen on Wall Street on record pretty much across the tape here. 23 Billion shares swap hands yesterday, right now, As of this time of the year show started, we already had about 10 Billion shares Swap hands, So it looks like we're gonna finish the day Probably not at a record, but well beloved well above that. Averages that we would normally have here. The other thing, too, that I want to point out to Is that when we talk about this debate here as to whether or not some of this, this trading activity should be shut down or should be curved. We should talk about this idea here. The idea here that there are a lot of people right now that are getting shaken out of these trades right now, David. Ah, lot of people are getting hurt. And the question now is. Do you go to protect those people just because they're smaller traders? Do you just sort of let the chips fall where they may sure is a wild story. Thank you so much for being out of that's Bluebeard's remain plastic, and I want to be sure to tune in for his interview later today with interactive brokers chairman and founder Thomas Petr fee that is at 3:30 P.m. Eastern time on the clothes. Given the market disruption that has come in the wake of the Gamestop phenomenon, questions necessarily arise about possible regulation. Welcome now a member of the Financial House Financial Services Committee, he is Republican congressman Andy Barr of Kentucky. Mr Congressman. Thank you so much for being with us. We have no one of your colleagues elegant Alexander cause you're Cortez calling for a hearing from financial services. And actually, Senator Cruz, who normally doesn't align with Chelsea, saying she thinks it's a good idea. Do you need hearings? David Good to be with you. I don't have a problem with hearings toe look into this, And I certainly think it's appropriate for the SEC to continue to monitor whether or not any activity on these message boards like reddit to Wall Street bets, whether any of that actually violates existing laws prohibiting market manipulation, But From everything I've seen so far. I don't see anything illegal, and I don't even see anything that's potentially systemically risky here. Um, you know, there's nothing illegal about sharing your stock ideas on social media or a message board. Obviously, many of these hedge funds have Taking a big loss because of the advent in this cove, it era of day trading and zero cost trading by retail investors. I think there will that will impose the market discipline on the part of these sophisticated Wall Street professionals. Obviously, we are looking at the issue of retail investors, potentially taking heavy losses in a late rally. Um, uh, you know, uh, call option by we're looking at that. I think we should look at that. But at this point, I think on both sides of the equation, these, uh These developments will create some market discipline and hopefully for the retail investors to do lose out it on the back end of this rally, and what we see is a big loss in game stock. Today. It looks like I think what that will do is refocus retail investors and day traders to earnings valuation and fundamentals. What about the level of short interests? At one point there were there was more short interest than there were shares in game Stop. It might make sense to have some curbs. At least the limit. How much shorting you can really do in a given stock? I think we need to look at the laws related to naked, shorting and make sure that make it shorting is number one prohibited on that Those laws are being enforced correctly. I think that makes sense. But you know, there's nothing wrong inherently wrong with shorting on so we what we what we don't want to do. David is overreact act too quickly. In a way that would impede liquidity in the markets and or or natural shorting or hedging, and also on the other hand for retail investors. We don't want to stop this. I think very positive and favorable trend of democratizing access to the capital Markets, Day trading and zero cost trading is actually I think overall, a very good thing. Well, what you raise here is impeding democratization of the markets. As you put it, that I think is what AOC specific was talking about. It was the Robin Hood decision to really curtail trading, saying Why You keeping the little guys if I can call them that out of the marketplace? It sounds like you might be sympathetic. The notion they did some restrictions on people like Robin Hood. Yeah, I know. And maybe the lack of regulatory intervention here has caused the market and some of these, uh, day trading platforms to intervene themselves. But again, I don't want to see anything that would impede market access for those retail investors and again. I I don't see anything illegal here yet s so I think the market is actually working to impose discipline. I think the hedge funds are learning a lot and I think on the down.
"schwab td ameritrade" Discussed on Biz Talk Radio
"This is outside, off qualified money and for you Your age is this is a wonderful thing, because it is your age group that I desperately cry. Help Seo toe. Please don't make the mistake than my generation. Did you know the vast The vast amount of wealth in this nation is held by baby boomers by us because it's like 18 $20 trillion Bobby closer to 22 Trillion now, toast so $22 trillion being held by us and the vast majority of its unqualified money. But we built our wealth. I talk to people all the time. Yeah, I got a million dollars in my IRAs and my Roth and my forum. OK, and all that How much you have in your savings? How we got a couple $1000. Okay, So you're okay. Allowing the government can do to control the vast majority of your wealth. Well, no. Well, that's what you're doing. So I want people your age to begin to start to build wealth outside off the thing that the government can control and in my opinion, the government has always believed that if they can control it Then they own it and they'll do whatever they want with it, and I I would say, Don't stop doing it continue to contribute. There are tax advantages to it that you can use to for at least a temporary time to take advantage of, But this is an opportunity for you to build wealth outside of qualified money, so I would open an investment account. I would get that money. Whatever you took out, I would get that into that investment account, which is going to give you an enormous amount of flexible. Already. You do whatever you want with it, But I would like your investment account to be at a brokerage. I don't you know, Schwab TD Ameritrade. Fidelity wherever it is, but at a broker's account so you can develop begin to build and learn how to begin to build and develop a portfolio that is going to be a real solid foundation. For you in the future and begin to get that invisible. So we did have it at Fidelity, and then basically within Iraq would divide in Iraq in a traditional, and we just cast it out and take advantage of it. So now we've got it back in our savings account. So now I guess we just need to put it back at the bell because we've already got an investment account with them. Good. Yeah, just so that's where you want it. That's that's where I would like you to put it, and then you could start building from that. Perfect. Okay. All right, Steve. Good stuff. I'm glad you called. Thank you. God. Thank you. Thank you All right, folks, 16 363 11 said. If you want to your car You're welcome to do that. We've got interview coming up with John smarts. John Sparks president founder. Lot of these founder. I've been president for a long time of India partners, and we are we have been working, helping with him doing this Covert relief action is so many of you have participated in. As a matter of fact, I got a call from someone yesterday that says for 20. Some years they had been Giving to an organization. That was doing something similar. There now moving. They're doing all that. Now with India Partners have done disaster, not disaster. But covert relief.
"schwab td ameritrade" Discussed on KSFO-AM
"High during the month of December in six of the last eight years. Six of the last eight years, and I'm sure if you went back to some of my old shows, you would hear me say that the fourth quarter is generally a very good quarter. Very good quarter. You would the volatility that we experience It's still a good quarter. I do have a couple questions I wanted to address, um, that have come in. Um Talking a lot about I raise Rod tirades. It's in the years. Remember, you don't need to take an arm D this year unless you want an rmd Congress is talking about extending the RND Now to 75 years of age. George writes of 79 still employed. I'm 79. I'm still employed. Well, I talked to the doctor last week. Um, incident Los Altos. He's 87 He still work in a couple days week. My employer has a Sep for me and I have a rollover IRA from a previous employer. Can I transfer my rollover irate into the Sep account, and you know George, there are no restrictions than a tax law against combining a Sep, irate and a traditional IRA that contains funds rolled over from an employer plan. This is because once except contribution is made to a Sep IRA. The funds are treated like any other traditional IRA a fund and can be combined with other traditional IRA funds. The only issue you may encounter that some custodians will not allow funds other than Sepp. Calm, accept contributions to be contribute to accept IRA This is a restriction put in place by the custodians. The Charles Schwab TD Ameritrade's that each trades the consolidation. It was a Scot trade, but you know again, that's their their think they'll make these restrictions. They'll start trying to close loopholes because they don't want the liability. And if you're wondering why George is asking Um, so George is still employed. I believe he's taking the opinion and well, I'm still employed. I'm still contributing to my step by rule by IRA into my step. Maybe all to avoid my R and D requirement. At 80 years of age. Another question here from Becky. I attended one of your seminars last year. Um, can aren't these We converted to Roth Ira, Our kid art to death. Excuse me. Can 2020 armed evey converted to Roth IRAs? The answer was, yes. Because they're no longer arm D's okay. We talked about that at the seminar. As a follow up to that I have a bit of fishery IRA for my dad who passed away in 2000 and five. I've been taking our bodies each year. Since then, I want to convert this year's arm D to a Roth Can you please tell me the process of that and how you would do that? Any help would be appreciated. Thank you, Becky. Um Well, the cares Act Wave arm D's for this year's for For most of that many if not all, armed, you holders that air converted in 2020. So, um, that's off the table. But remember the rules the rules around I raise Um there's non spousal beneficiaries is a little bit different. That's because the funds in an inherited IRA are not eligible for conversion by non spouse beneficiaries. Well, the cares act does, you know? Give you a break in ways Arm D from the IRA you inherited from your dad? It does not change the rule of the funds and inherited IRA cannot be converted. And if you are, you know, I'm hoping this is the case for you. But if you do inherit An irony this year, and there is more than 10 years between ages and, um then you'll there's there's a, um, a little low rule that allows you to Go under the previous stretch rules, so somethingto definitely keep in mind. Um, when you're thinking about it, and finally there's a question from Phyllis in con. Um I read it. I read your complete guide to successful and secure retirement by Larry Cedrone. Kevin Grogan. Um, who should consider a Roth are heirs likely to inherit your ire? A Are they in a lower tax work of that They are now again save taxes for your family. If you actually make it less than you do, then do not convert to a Roth our background. My daughter's 33 33, year old minister of working for a non profit making about 40,000 year. I don't see her making more money than my husband or me in the future. Don't know she'll change jobs. The 90,000 Roth conversion will make us pay more for medic care and we're bringing it will be paying 60,000 more in taxes for the Roth conversion. We will go for a 22% tax bracket 24% tax bracket. We were 16, and we think that we should get verde their traditional IRA. For the next five years until 72 years old. I appreciate your lady, That's what you think. Thank you very tight. Open time. Um Well, it is important. You got to know this calculations. I mean, there are certain considerations been doing a Roth conversion. But you are correct if you if you believe that your your daughter is going to be a lower tax bracket. Then then you are than it Z may not hold true. I mean, I mean, you really stop to think about it if you're in California, Um, if you're into a 24% bracket now and you, let's say your daughter left the state and she inherited your IRA. And let's say that states Arizona words 4%. Then your first aid income tax as opposed to California's 93, But she's the lowest tax bracket. Well, yeah, it makes sense that the question really comes down to, I guess in in in the mindset or my mind's. That would be Would tax free still be better and or if you're healthy, Let's just say you live in a 30 years in tax rates keep going up at what point does it catch up? The one thing about Iraq is, remember. You don't have to do it all. Once you're suggesting maybe we'll do it over the next five years. You know you could fill up your bracket. You know how much room.
"schwab td ameritrade" Discussed on KOA 850 AM
"In 16 12 little business in money news PATA big employer locally laying off workers, but we don't know yet if or how many of those layoffs are actually going to be local, Charles Schwab says it's laying off 1000 Workers Nation. Why, but this doesn't seem to have anything to do with covert 19. Schwab just completed its acquisition of TD Ameritrade. It says the job cuts are to reduce overlapping and redundant rolls. Schwab is one of the largest campuses in the country in Douglas County, but the company isn't saying exactly where the layoffs are coming. Schwab TD Ameritrade for $26 billion Speaking of TD Ameritrade, That's where we're going to get a take on yesterday's stock market plunged that I'll finish today with loss of 650 points. It was down by 901 point J. J. Kinahan as this advice for investors. What is your time cream? I think that's the question most investors should ask themselves and my engines for a short term train or is just the company. I believe in long term. Leaving a long term these air just some bumps on the road. Kinahan says. Yesterday's declines were largely the result of investors giving up hope on a covert 19 relief package before election. The Senate is adjourned now until after Election Day stock futures point to gains of today's opening bell. As for what's coming up today, durable goods orders for September coming a little later. Analysts expect to see a 4/10 of a percent increase over August will also see the Case Shiller Home Price Index for August and housing industry experts forecast of 3% increase over July. Ah, living La Dolce Vita in Italian soon enough, one of thank you. Do you know if you want that feeling permanently? How about buying a place in Sicily for €1? The town of salami as a few dozen abandoned home eyesores. They want people to spruce up so they're going up for auction with starting bids of €1 What €1 plus a €3000 deposit. That serves as a guarantee you'll renovate property within three years. If you're interested. You can see photos of the available homes online and even download an application form. I did just checked the weather. Currently sunny and 66 degrees. That's money update Coming up at 6 42 Pat watered K away news radio. Thanks, Pap 6 14 Sports Time with Mike Rice in for B K. Will it ended for the Rockies quite a while ago, but the baseball season could officially end tonight. Guys, you're right. It could Game six of the World Series between the Dodgers and raises tonight in Arlington, Texas. Dodgers, of course, lead the series three games to two. They're looking for their first title since 1988. They'll send Tony Gonsouland to the mound to try and lock down the championship. I told me after the Came to open her thing that I was gonna start Game six. So I've known for a little bit and you know about a lot of time to prepare, and it feels like I'm back in like a normal Routine Like adult season, the Rays will counter with lefty Blake Snell. If the Rays were able to tie the series, Game seven would be tomorrow. Broncos Get a day off today they got some bad news on the injury front. Defensive lineman Mike Purcell will miss the rest of the season that because of a foot injury running back Philip Lindsay is in concussion.
"schwab td ameritrade" Discussed on CNBC's Fast Money
"I think especially at these levels where you look at the fund manager survey investors are bullish as they've been since February I think generally in that. Survey people are expecting a vaccine in the first quarter of twenty one. So a fair amount of optimism there on the positive side to Chris's point positioning is not overly aggressive and able to get that additional fiscal stimulus which I think we ultimately do then I think we can bridge that gap and I think economic data starts to get incrementally better and it will be bonding. But say over the next twelve to eighteen months, you probably want to be underway the mega cab growth trade and you probably will see cyclicals do well. But again, it might take time between now and the election we may revert back to the growth trade our investors feel safe. Yeah. Very quickly before we get to Kate Rudy Guy, dummy I, want to go back to you on that point because I don't want to lay it all on the Fed. It's also congress. Right? The Fed is not just doing this on their own Congress's passing stimulus. Somebody's gotTa Fund that through debt issuance, etc. If we do not get this latest round of Stimulus Nancy Pelosi said today about an hour ago we're getting close but if we don't get it for some reason what happens. Yeah I mean the lodge last would be the market sells off I know Brian Kelly's his big concern. It's been exactly what you just said, but I've been doing this long enough to realize that the market doesn't seem to really care about anything right now it's impervious maybe the last day or so but worse news the Naddis at the market and the market hasn't really look back in a day or two at Max you've had vicks it's gone from eighty. Close, around twenty one and a half or so. So that's been coming down. So again, the market is just A. Cruise Control Right now. But again to all the points that were made just understand something for example, apple apple since the march low added to its market cap over a trillion dollars think about that for a second he's talking about a trillion dollars as a magical number and apple just in the last five months of effectively added it to their market cap. It's astounding today. For example, Amazon added a target to their market cap. So the numbers spying around here just we've become somewhat desensitized to it, but it's something that it's worth pointing out. That could have been an RBI Amazon adding. I might steal that if was on wax tomorrow morning but it's dumb. So I would have stolen that stat I love it by the way apple at one point nine, seven, six, billion closing in on that two trillion at one point nine, six, trillion by the way closing in on two trillion. All right. So let's follow this. Up Now with something that Jeff just talked about actually income growth. If you have a job, you're not travelling not spend money. You probably are actually saving a lot an stocks hit record highs. We're actually getting new numbers on retail trading activity and maybe a trillion more reasons why stocks keep going up it's a big story. Let's hit it right now with Kate Rooney. Kate. Hey Brian Fidelity reporting record customer assets last quarter. Thanks to this boom in retail trading. The Boston based company had three point three trillion dollars in discretionary assets at the end of June that includes mutual funds. ETF's and other managed accounts which fifteen percent increase from a year earlier fidelity's total assets under management, which include assets from advisory firms that custody in clear with fidelity increased eight percent to eight point three, trillion customers opened one point, two, million new retail. Accounts in the quarter that was a new high as well trading more than doubled with an average two point three million daily transactions in the quarter, the firm citing market volatility, and the pandemic has drivers for that quarterly growth and guys that sounds a lot like what we've heard from some the other publicly traded brokers and Robin. Hood as well. Charles Schwab td Ameritrade e trade all saw record account growth and customer trades in the second quarter Brian Back to you. We'll hold on K. we're not done yet. Are you saying Free GonNa Free You know what? I mean something free. You're GonNa take advantage of it. Is there any way to directly tie the stimulus checks trading activity? If we made that connection, you get the twelve hundred bucks you like you know what? I can't go anywhere do anything. Let's throw it on Robin Hood and see if I can make it to grand at a twelve hundred. There's been a couple of reports that show that a company called the Yodel you showed that the majority they said of stimulus checks actually went into the stock market it was something like seventy percent. So, there is evidence in some reports that has gone directly into trading other things like commissions and fractional trading. You See Fidelity and Charles Schwab. Now, advertising's things, stock slices and the idea that you can buy inexpensive name-brand stock like an Amazon, for example, for as low as five dollars. So those those are definitely adding to it, but free trade has been I think the big factor that analysts point to. Amazing Free GonNa free name like iota. You gotta say it twice say twice. Jeff Jeff, Mills. Your take amazing data there. You're talking about comes guess what if you're saving money? A lot of those people appear to be putting it into the equity market. Well look I think it's a good thing. Generally, you know everybody was complaining for so many years that the younger generation the millennial generation wasn't investing in stocks and now all of a sudden they are and I feel like you're getting complaining on the other side. So I think as long as people are doing it intelligently I think in some cases, they probably are in some cases. They probably aren't. I think ultimately it's a good thing you just wonder. Though for the profitability of some of these brokerages since people have started investing, it's been a really easy ride stocks only go up, but you hit some sort of a rough patch and then you wonder how sticky some of those additional accounts are. But again overall, I think it's a good trend I'd rather see the money going into investing in the stock market. Then a lot of other places so so far I think it's I think it's a good thing. Yeah. We shouldn't complain where where the retail investors now are complaining because there's retail investors back you can't have it both ways. But of course, we're the media we can do that. All right. So we know now of course, folks that the market is bounced back in a big Lee way but many of you and you know who you are may have sold during the march panic and now probably kicking yourself. So missing out on the rebound but have no fear because Chris's back with three names to play for a possible catch up trade Chris, take it away yeah Brian will. Important. Here as we saw at the S&P Down Thirty, five from February to March gotta remember a lot of names out there peaked well, before the market peaked and the three names we're GonNa talk about actually peaked in early two, thousand, eighteen. So they were in these multi bear markets Caterpillar a great example of star. Ticker cat it basically a cut in half over the last several years I think it's improving here have been trying to break up through this one, forty, five level for the past couple of years on the verge of doing. So there's very, very good support near one, thirty, five I think any pullbacks into the area are Bible the technical condition here is improving the group. Industrials are improving as well fifty days now up through the two hundred day. So you have a lot of trends support behind you here I think this makes it a ketchup candidate has look out over the next number of months. Morgan. Stanley would be another example in financials and it's a stock that has really dominated relative to its peers outperforming the broader financial sector outperforming Goldman Sachs. Big Three or four year base another name that peaked in two thousand eighteen. So it's kind of endured a two year. Bear market there's good support near forty, nine, fifty, I think he could get any weakness into that overcoming days. You're coming weeks you WANNA the opportunistic with that and be a buyer. Then thirdly, let's go over to Pharma and talk about Pfizer multiyear down. We think this is coming. To. An. End here really coil to rally. We had this. Nice. That's taking shape really over the last year or year and a half tons of four thirty, six, thirty, seven. I think ultimately we're talking about a fifty fifty, five dollars stock here. So I recognize highs for the index can be intimidating. But when you look at some of these names, they've endured multiyear bear markets we think they're all starting to improve and quietly they're exhibiting some leadership as well. So capped organ Stanley. Three good catch traits here. Okay. Good stuff Chris, could stuff guy what do you make of these names particularly Pfizer, which is, which is one of the hot names on the vaccine side coming back..
Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A
"Good morning Charles Schwab is gonna buy TD Ameritrade if the deal goes through it will reshape the online brokerage sector that see a lot of competition from new entrants lately deal could be announced today with the twenty six billion dollar
Fidelity follows rivals in cutting online trading commissions to zero
"One of them two weeks ago interactive brokers open the flood gates and now the number of rivals matching its move cutting online trade commissions to zero is up for this morning Boston's fidelity investments announces its eliminating what have been just under five dollar commissions for online stock ETF and options trades last week Charles Schwab TD Ameritrade any trade financial slash their commissions to
"schwab td ameritrade" Discussed on WAFS Biz 1190
"Fifty five thirty three remember, Susan? I'm finished with a call line opens keep trying you're calling me go to James James is calling us from Indiana. Hey, james. Dan. I had a question. Now, just basically, my wife, and I are right at thirty. And we have retirement through her company, and that's always started so far, and we just don't know where to start do. We just do it. You know, online by ourselves and doing your partner and do it like act allocation model or do we actually hire somebody with the market, so vile? All right now, we're just not really sure where to begin. Yeah. Well, it's quick question. James? I'm glad you called. So. Yeah. I think that you can you can do a couple of things that you might want to consider one thing would be to open up Roth IRA account and try to to begin investing within that Roth IRA count that might not be a bad idea or you can just open a joint investment account, and you would do that online by going to one of the brokerage. Interactive brokers Schwab TD Ameritrade each raid, fidelity dot com on the brokerage side, those kinds of things, and I you know, I I mean, I I would recommend that you begin the learning process. I would recommend that. Yeah. You you follow along with us. So that you are assured of being Biblically responsible in that portion of your investing. There is a great deal of peace of mind that comes knowing that we are not. You know? Grieving heart of God. As we invest the money that God blesses with so. Yeah, I mean, I think that would be a good idea. And yes, I would follow the asset allocation model, you'll see instructional videos in different things on the website. But you will. Follow that asset allocation model for your age group, and it's a real simple process. You've got X amount of percent to get in various different sectors, in that asset allocation model,.
"schwab td ameritrade" Discussed on KOA 850 AM
"Here on the Brad Jenkins show, this came to us from Forbes dot com here Brad, and they make some good points here. Some of the rules. Some of the things we've heard about retirement that aren't necessarily true anymore. And we're at number four on our list today. And they say believing that homes and cars are assets might not be the best thinking for yourself in retirement. I know you're a guy who likes cars, but the thing about those is they do depreciate, right? Every day every day that you drive that car. It's a depreciating asset. Now, let's take out the fact for a quick moment that some vehicles are designed as an appreciating item, and they are an investment. But that's not what we're talking about. Here. We're talking about is when people say on. Their balance sheet like, oh, I own a car, and it's worth twenty five thousand a year later, it's going to be worth fifteen thousand a year. You know, so cars tend to depreciate especially because those vehicles are designed to get us from point A point B. So every time we're driving it putting miles on it, wear and tear. We're just killing the value on it. So we got to throw cars out there. Not an asset now on your home. This one's a little bit tougher. Right because yes, we can argue that it is an asset, and it's going to be on a balance sheet, and you're gonna say that is part of my net worth. And it's going to be part of what the government looks at for your net worth and the whole nine yards. So it's an asset. But will we want to classify here for purposes of this article in conversation today is that if you have let's say a home, and it's worth one point five million dollars, and it's paid for. And if you sold that that's what you have. And you have a hundred grand in your investments, technically on paper, you can say you have a net worth of one point six million. But you only have one hundred thousand dollars that's liquid to work with for retire. Unless you sold your house. Now herein lies the problem. You sell your house you still have to buy a new one. So you go. Well, yeah. I would just use money from selling the one point five. Exactly. So if you used half a million, you still downsize, you only have the million plus the hundred thousand so your home is an asset. But you don't wanna think of it in terms of that's your total net worth that you have for retirement because a lot of times people make that mistake as they're nearing retirement say they have a couple of million bucks. When in actuality, the only have a few hundred thousand a truly invest. Yeah. Important distinction there and important to understand that was their assets not necessarily the money you have on hand for retirement. And when it comes to actually building a retirement strategy. Brad another rule that we've heard over the years is that you should have more than one retirement account. I guess people. They're thinking, okay. By having more than one account. I'm gonna diversify. But what do you find is the truth there? Yes. So the biggest mistake I see with that as people. Feel diversification is by having either multiple advisors or multiple accounts in different areas. That's not where diversification comes in. All you've diversified is really your custodian, which the custodian doesn't have any bearing whatsoever on where you're actually investing your money, and I get that a lot. So we use Charles Schwab. As a custodian, and I've had clients say, well, should we use? Maybe like TD Ameritrade fidelity because I'd hate to put all my eggs in one basket. And I said whether it's fidelity, Charles Schwab TD Ameritrade fill in the blank vanguard. That's not where you're actually investing their the third party custodian that we will then go out and purchase the the stocks bonds mutual funds through that entity or that platform. So that's where the diversification comes in. That's the thing. Brad. I think most people think they're diversified today. Based on the number of counts, they have or the number of investments there in the number of funds. They have in their portfolio. But when someone comes in we are offering that portfolio review. View today to five of our callers. Do you find that people are as truly diversified as they think they are is there a lot of duplication and their efforts. You know, a lot of times I see tremendous amount of duplication one of the analogies. I like to use for this is if you were having a barbecue, and you went to, you know, cook hotdogs and hamburgers. You don't want to give your your guest thirty five different options of ketchup. Right. Exactly, you have to have all the different choices for manny's muster pickles relations. So if you just said, there's thirty five bottles of ketchup, even though you might have the large jumbo-sized from Costco, little packets from good times. High fructose corn syrup ketchup organic ketchup, SpongeBob squarepants for the kids, and you know, they make that so absolutely great job diversifying your catch it. But at the end of the day, it's just catch up. So this is where what I have found and even what the article talks about as well as don't try to diversify your financial planner. Don't try to diversify your custodian diversify the portfolio. I've also found that it's more cost effective and more cost efficient that way. Now with the way that we have built and design our portfolios. We can literally with twenty two ETF get total global diversification that we can give the same diversification. Whether it's a hundred thousand or a hundred million we can truly fully diversified portfolio with just those twenty two ETF's. Wow. So this is really a different way of thinking for a lot of you listening today. And if you're wondering, okay, and my visitation properly with my portfolio, do I have true diversification..
"schwab td ameritrade" Discussed on News 96.5 WDBO
"In one spot and how to make it grow the best you know now that they're not in four one k roth ira's and other i think one additional so title call rollover ira and if you're managing all of this yourself there's a variety of different places you know fidelity schwab td ameritrade where you could easily go online and opened up a rollover ira and then you can transfer n that's what you wanna do transfer in all of these various different accounts that you have out there into one consolidated ira account and then you can have a variety of different holdings in their mutual funds stocks or bonds from various different providers and that would make a so much easier for you to manage that amount of money in your seat in one statement from one advisor one company that would hold the assets such as fidelity or schwab vanguard and then on your hsa account that's a really wonderful account to have and i would look for a way to get that invested rather than in a savings account and if you can continue to contribute to that one that would also be excellent as well put a little money in every month but you can invest an hsa you just have to have the right custodian if it's a at a bank you probably can't if it's at a certain companies that are out there share with you off air that you can move the money too and then invested in a in a good balanced mutual fund so that that would be your better alternative with the hsa those hsa accounts are excellent they're triple tax advantage you got you got gotta right off putting the money in it grows tax free and when you take it out for medical reasons which you we all will have that comes out tax free so triple tax advantage don't cash yeah i definitely didn't want to cash it in and sitting there growing and it's also losing money right now it's got expenses and such so if you can still qualify to participate in an hsa in other words you have a high deductible health insurance plan then you can contribute up to and i'm thinking thirty six thirty seven hundred dollars.
"schwab td ameritrade" Discussed on BizTalk Radio
"Etc at quite an entertainer geraldo he'll be joining us here back right now with carlisle adams and blueprairiegroup she's a wealth management adviser extraordinary experienced i mean really a lot of resumes and bios you can go to blueprairiegroup dot com and take a look at carla's background she is quite competent than handling just about anything so kyle what what if you work for a company that has worked for a company but do you get a self employment you get a self employment income can you collect from every end frank questions do so you know if you we have in fact we have a lot of clients in this situation where they have their normal day job that offers a 401k but they have their own little side business or you know they were there a member of a company board and they get in south employment income as well and so yes definitely you can you can contribute to your company's one 401k plan and also set up one of these other accounts as well and contribute to it whether that be an individual for one k ira or simple ira in this situation a step ira typically make the most sense it's pretty simple few set up and and then you don't have to worry about over contributing because of you have few 401k's then you have to make sure that your total contributions still with fall within the overall 401k contribution limits is it complicated to set up these accounts differ from account to account or is this a pretty simple process yeah the thing is you know these accounts are really simple to set up each of these account types has a slightly different form but on all very easy to set up you can just you know you can open an account pretty much any institution whether that'd be fidelity schwab td ameritrade almost anywhere that you can open sort of you know regular ira or brokerage account you can open one of these accounts says well you know typically just means you know downloading the account application or going to stopping by office and opening an account.
"schwab td ameritrade" Discussed on WPRO 630AM
"Financial advisor to see if moving to exchangetraded funds ets is in your best interest there might be expenses associated with making a change there might be a tax implication associated with making a change you've got to determine whether this is in your best interest or not but you should raise the question because more often than not moving out of those antiquated retail mutual funds and into each is in the clients best interests and you have to do that after as rick said very thorough analysis of what you have what the options are always focusing on what your goals are what you're trying to accomplish you know rick one other thing we're talking about a mutual fund in it etf as we're talking to investors today for us to know the difference and what the differences are it's easy to spot but a lot of investors aren't even really sure how much by monies and mutual funds are they perhaps outdated what are the fees alah how much is in etf so if you have a question on that what do you actually own we'd be happy to help you answer that and make sure that you are in the best investments possibly that you can find in today's environment and it really depends on the adviser you turn to the wall street journal just had a big story earlier this week about the three big discount brokerage firms fidelity schwab and td ameritrade you would think that by going to a fullservice firm you're going to get conflicts of interest because there are commit gurgling into recommended vice may be selling you commissionbased products that are in their best interests and not yours and that's why a lot of consumers liked to go to discount brokerage firms because the attitude is whiter a discount firm they're gonna charge me lower fees hence the phrase discount firm and fidelity schwab td ameritrade or now the three biggest discount firms in the country but wall street journal just revealed this week that those three firms.
"schwab td ameritrade" Discussed on WBZ NewsRadio 1030
"Is in your best interest there might be expenses associated with making a change there might be a tax implication associated with making a change you've got to determine whether this is in your best interest or not but you should raise the question because more often than not moving out of those antiquated retail mutual funds and into each yes is in the clients best interests and you have to do that after as rick said very thorough analysis of what you have what the options are always focusing on what your goals are what you're trying to accomplish you know rick one other thing we're talking about a mutual fund in an etf as we're talking to investors today for us to know the difference and what the differences are it's easy to spot but a lot of investors it aren't even really sure how much of my money monies in mutual funds are they perhaps outdated what are the fees oh how much is in etf so if you have a question on that what do you actually own we'd be happy to help you answer that and make sure that you are in the best investments possibly that you can find in today's environment and it really depends on the adviser you turn to the wall street journal just had a big story earlier this week about the three big discount brokerage firms fidelity schwab and td ameritrade you would think that by going to a fullservice firm you're going to get conflicts of interest because there are ghergo into recommended voice may be selling you commissionbased products that are in their best interests and not yours and that's why a lot of consumers like to go to discount brokerage firms because the attitude is why either a discount firm they're gonna charge me lower fees hence the phrase discount firm and fidelity schwab td ameritrade or now the three biggest discount firms in the country but wall street journal just revealed this week that.
"schwab td ameritrade" Discussed on The Meb Faber Show
"This next generation tools so they can you know cut themselves make punya themselves of course i don't think anybody but a few you know handful of people predicted that bitcoin would be that vehicle they caught so many people excited bitcoin is like farming you know back in the '70s fewer car salesman europoll lissette don't don't chetrit person that walks into the dealership because they look like a farmer that firm or maybe the rich person and i think today is like don't trenches eighteen year old kid from venezuela 'cause he doesn't look round she could have been a bitcoin minor made a fortune in bitcoin so every generation has this be a cool i think crypto while being marked is making a lot of people richer around the world it's just much different than the last vehicle the people got to get rich and show with robin hood i was just basically saying there's going to be an easy trade of this next generation his eight dollars this last mile the commission's schwab td ameritrade recipes broker charred really are marketed calls right if they cut their advertising budgets fired all their marketing people cut off their tv budgets they too could go to zero commission but you know these companies are set up that no one wants to news their job and so long comes robin with better technology very simple value crop which is you know people don't care so much about nicholson and dimes on these spreads but they just don't want to pay commissioner i want to pick up their phone they want to have an uber of trade and that's you know that little thing that little pack is what helped him become the fastest growing brokers obviously they execute executed very well and they have a lot of beautiful design and but you know they have either one hundred people and they have more accounts and eat trade singapore how many call centres detroit has to have the bad insure clientele so that's such exciting part is just having a simple hypothesis that you can express shoe investing in engineers and have an impact on the world suit should loves the stuff that makes me of the angel investor excited as that.
"schwab td ameritrade" Discussed on Invested: The Rule #1 Podcast
"Sites that are a little more friendly towards an amateur yellow to say i wouldn't recommend interactive brokers unless you really want to study it and be really careful you know what you're doing they're not looking for your business and and they're they're they want ten thousand dollars minimum before they'll even open an account so there you go the sites are looking more for the amateur investor our sites like td ameritrade schwab and thinker swear are sorry schwab td ameritrade and scott trade uh basically the steffi seattle yet eu trade scott trade now avenue scott trading etrade um but i've been definitely had accounts with schwab in i definitely had accounts with td ameritrade tedium our trade zone by td bank um they have definitely have an interest in mutual funds and assets under management so they're happy to get the amateur investor almost no minimum to open an account there they have lots of free stuff free to look at for for a business information about companies that you're looking at so we use them as a research site regularly and i do have an account opened there there are about i think they're like eight bucks for a trade so not substantially different from interactive brokers pretty different but with the added protection he presumably won't use the correct you might get where you think you get yeah right and then they have that you're doing it i mean if you're doing this investing the way were talking about it you're not making a lot of trades bright so it doesnt really in a gutter themdoes matter to the really little guy like if somebody's coming in here in started this with a thousand dollars yeah then a dos makes a difference member you've when you first started do of stuff i remember you were like splitting up your couple of thousand dollars in the different stocks and each time it was a trade and you had to pay the bucks it's like i know that was right after college and i decided i was going to invest.