Comments on: Scottrade Review: Discount Online Stock Broker

By: John F

John F — Wed, 07 Oct 2009 02:31:57 +0000

This is a very helpful post. I go with Scottrade because I like the customer service. I agree that $7 is becoming too expensive. There is lots of competition for the online stock broker business. Here is a list of 60 online stock brokers!

Good luck to all finding the lowest commissions!

By: Modder

Modder — Thu, 10 Sep 2009 16:47:16 +0000

I have been a Scottrade user for 5 years now. Agree with your assessment above. However re withdrawal issue, I requested check writing privileges couple of years ago when I was way over the threshold. In the mean time I have moved most of my money out and only have $1k or so remaining in Scottrade and have still kept my check privileges. That have not bugged me about low balances and have even kept a second account alive for 2 years now although I cleaned it out entirely.

My only real gripe is that they do not have ANY money market funds available for investment. If I want to move my position to cash, my only real choice is to leave it chilling in the account earning close to nothing as you pointed out. I am all cash right now for my taxable accounts, so I moved all my money from Scottrade to a higher interest savings account.

By: Raymond

Raymond — Thu, 10 Sep 2009 13:32:40 +0000

No one can possibly know where the market will be headed in the future. All we can do is invest for the long term in solid positions during down times and let time take its course.

Real estate stocks, financials, health care – they are all fraught with risks, but it’s during such down times that fortunes are made by the bold. While I don’t track them as closely, I’m sure basic materials and renewable resources also suffer from their own host of risks and dangers as well.

By: Börse

Börse — Thu, 10 Sep 2009 07:03:13 +0000

The Scottrade flat $7 fee for trades is a verry good opportunity to profit by the cheap stock prices right now. But is now the time to invest in real estate stocks? I think this sector is affected with special risks.
I prefer basic materials and renewable resources right now.