Computer 10,980 Posted October 1, 2019 Share Posted October 1, 2019 On domestic shares, ETFs, and options. Previously $4.95 Schwab shares fell 7% but rival brokers (Ameritrade, E*TRADE) cratered much more. Wow! https://www.cnbc.com/amp/2019/10/01/charles-schwab-is-eliminating-online-commissions-for-trading-in-us-stocks-and-etfs.html 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
hankhatesyouall 2,731 Posted October 1, 2019 Share Posted October 1, 2019 Yes, but I guess fees represent only 3-4 percent of their revenue model. Link to post Share on other sites More sharing options...
Computer 10,980 Posted October 1, 2019 Author Share Posted October 1, 2019 4 minutes ago, hankhatesyouall said: Yes, but I guess fees represent only 3-4 percent of their revenue model. I was surprised by that. It seems like trades will probably be free at most brokers now. Very exciting. 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
Computer 10,980 Posted October 2, 2019 Author Share Posted October 2, 2019 TD Ameritrade now at zero too. 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
Computer 10,980 Posted October 2, 2019 Author Share Posted October 2, 2019 5 hours ago, hankhatesyouall said: Yes, but I guess fees represent only 3-4 percent of their revenue model. Commissions as percent of total revenues TD Ameritrade: 34% E*TRADE 18% Schwab 3-4% This is so bad for Ameritrade 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
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