With Schwab, IB, E*Trade, and TD Ameritrade all dropping their trade commission fees this week, the world is a better place. I’m pretty stoked about the news.
Schwab is my general brokerage of choice because they have a very nice Investor Checking account I’ve had for several years, several very low cost ETFs, and generally good execution on trades. They also offer a decent referral offer you can use:
|Net Deposit||Bonus Award|
You can use my link to sign up if you would like: http://www.schwab.com/public/schwab/nn/refer-prospect.html?refrid=REFERNKUGFH2C
My suggestion? Open a Roth IRA, put $1000 in, and boom you made a 10% tax free return. Easy.
Also, I don’t get anything if you use the link. Up to you. TDA’s Think or Swim platform is pretty good if you’d rather not use Schwab. I also like IB’s rates on cash at rest. They pay competitive rates.
If you have more than $100k to transfer, then don’t use this link at all. There’s a public bonus that offers $2500 for moving up to 1 million but that’s out of my league.