Warpath

Warpath (http://www.thewarpath.net/forum.php)
-   Parking Lot (http://www.thewarpath.net/parking-lot/)
-   -   Charles Schwab (http://www.thewarpath.net/parking-lot/15909-charles-schwab.html)

saden1 11-22-2006 06:50 PM

Charles Schwab
 
Anyone use this firm? I'm thinking of switching out of Edward Jones to Charles Schwab. Any experience with Schwab's No-Load Funds and their Mutual Fund OneSource? Do they nickel and dime you?

12thMan 11-22-2006 07:13 PM

Re: Charles Schwab
 
[quote=saden1;249951]Anyone use this firm? I'm thinking of switching out of Edward Jones to Charles Schwab. Any experience with Schwab's No-Load Funds and their Mutual Fund OneSource? Do they nickel and dime you?[/quote]

I don't use either, but both are good firms depending on what you're trying to do. Ed Jones is a full service firm, where as Schwab is a discount broker, meaning it's suppose to be cheaper for the average joe. Which again depends on how much trading you actually do and how often.

In a nutshell, you really have to look at a few things:

[B]A. How often am I trading in and out of these funds?[/B]
[B]B. What are my other costs besides trading. (i.e. account maintanance fees, etc.)[/B]
[B]C.Compare apples to apples and see how much it would cost to do the same thing in the same fund(s) as EDJ.[/B]

Personally I don't like no-load funds because they really aren't 'no-load' at all. They do charge a fee, but it's taken out of the total return so the investor doesn't really 'see' it. So most people take that literally, 'I don't pay anything to be in this fund' - myth! Also, no-load funds charge what they call a 12b1 fee.


All times are GMT -4. The time now is 07:50 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.

Page generated in 0.04630 seconds with 8 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25