Trongersoll
Junior Member
former Software Engineer
Joined: Jul 1, 2011 11:51:53 GMT -5
Posts: 178
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Post by Trongersoll on Jun 25, 2012 13:26:05 GMT -5
Schwab does not charge a brokerage fee for their ETFs. It occured to me that there might be an opportunity there to make a small return repeatedly. So, i had $150 sitting in my IRA doing nothing. I took the then current price of SCHD and subtracted 2% from it and put in a good until canceled buy order at that price for 5 shares. Today the buy was completed. So, now i've added 4% to my purchase price and put in a good until canceled sell order at that price. When and if this sells, I' have made $5! heheh, i know big deal. but i just want to see how long this works, and it is more entertaining than watching paint dry. If it doesn't work out, i'll still get about 2% yearly dividend, better than a bank.  |
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beenherebefore
Familiar Member
Joined: Jan 3, 2012 17:07:23 GMT -5
Posts: 761
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Post by beenherebefore on Jun 26, 2012 12:55:19 GMT -5
UGO Trog!~!!!! I love that kind of thinking....... too bad TD Ameritrade charges, or I'd join you.  |
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Deleted
Joined: Apr 25, 2024 3:54:34 GMT -5
Posts: 0
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Post by Deleted on Jun 26, 2012 13:09:13 GMT -5
beenhere - there are a bunch of Fee free ETF's at ameritrade.
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beenherebefore
Familiar Member
Joined: Jan 3, 2012 17:07:23 GMT -5
Posts: 761
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Post by beenherebefore on Jun 26, 2012 15:11:58 GMT -5
There are? I'll have to look into that.....
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uncle23
Well-Known Member
Joined: Dec 18, 2010 10:10:19 GMT -5
Posts: 1,614
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Post by uncle23 on Jun 26, 2012 15:18:08 GMT -5
....
make sure they don't charge you if you sell within 30 days...
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The Virginian
Senior Member
"Formal education makes you a living, self education makes you a fortune."
Joined: Dec 20, 2010 18:05:58 GMT -5
Posts: 3,629
Today's Mood: Cautiously Optimistic
Location: Somewhere between Virginia & Florida !
Favorite Drink: Something Wet & Cold
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Post by The Virginian on Jun 27, 2012 7:39:11 GMT -5
Does anyone know the answer? I use schwab and I could use an extra $5! |
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beenherebefore
Familiar Member
Joined: Jan 3, 2012 17:07:23 GMT -5
Posts: 761
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Post by beenherebefore on Jun 27, 2012 18:18:23 GMT -5
TD Ameritrade free ETF's must be held for at least 30 days. Yes, I can do a lot with $5.00. |
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Trongersoll
Junior Member
former Software Engineer
Joined: Jul 1, 2011 11:51:53 GMT -5
Posts: 178
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Post by Trongersoll on Jul 17, 2012 15:59:43 GMT -5
| Date | # Shares | Price | Total | Gain | | 6/25/12 | 5 | $26.86 | $134.30 | | | 7/14/12 | 5 | $27.95 | $139.75 | $5.45 |
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