Charles Schwab announced today that they would be charging a flat $8.95 per online equity trade regardless of the customer’s account size or the number of shares traded, down from $12.95. Schwab has been marketing itself as the broker of the average Joe, with their “Talk to Chuck” marketing, and moving to $8.95 a trade is certainly going in the right direction.
I’ve always thought of Schwab as a full-service broker along the lines of a TD Ameritrade, who charges $9.95 a stock trade, and less of a discount broker, like TradeKing ($4.95) or E*Trade ($12.99). As the lines between services that discount and “full-service” offer gets blurred, the only differences will come down to the commissions. Right? Right now
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Have you ever had that feeling … after you were stopped out and the market went back in your original direction, that a bank or large fund had hunted your stop and stolen your shares?
Well, that’s because it’s true!
My guest on our Wednesday night webinar, a former big fund manager, used to do just that. In small markets like penny stocks his firm could do it all by themselves.
In larger more liquid markets they would team up with other hedge funds. He says even some banks would do it.
So what can you do about it? Learn to either stay out of the market when the hedge funds are hunting stops, or profit from it.
We’ll talk about how to survive the hedge fund hunters during his complementary webinar Wednesday at 9pm EST.
Go ahead and reserve your slot now – with over 217,000 invitations and only 500 spaces, you’ll need to register and opt in early to get on the webinar. Read more…
In this economy there is no such thing as job security. The days of working at one company for the entire length of your career are gone, and have been for quite a while. There is a very good chance that at some point you will find yourself facing a jobloss or unemployment. The difference between a job loss being a hard stressfull time, and a chance for new opportunities is planning.
Fortunately, there is a new way to plan for a job loss. Most people feel safe because they have a few months income saved up, but you’ve worked to hard for that money to lose it over a layoff.
You would have to be living with no connections to the modern world not to know that the economy and job markets are dismal at best. Gone are the days of a sure job, and unlimited overtime.
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This Wednesday, January 6th at 9pm EST, join me for a free session with an ex $50 Million dollar fund manager when he reveals the secrets professional money managers use to:
- Risk 1-2% per trade and still make great returns.
- Instantly remove 95% of your trading emotions (as you know, fear and greed are the successful traders’ enemy) with two simple tricks.
- He’ll also show you how to reduce risk using his unique position sizing technique.
- A combination of a percentage risk stop and a technical stop. Read more…
Summary: Lis Pendens May Prevent Sale Of Your Home A lis pendens, or a document that is recorded against the title to the home, may stop you from selling your home. The lis pendens tells potential buyers that there is a lawsuit against the property and they might not want to buy your house. If a lis pendens is filed against your house, you should work with a real estate attorney to work out the case and be able to proceed with the sale of your home.
Lis Pendens May Prevent Sale Of Your Home
Q: My ex-stepfather has filed a lis pendens against my deceased mother’s home. He has claim to 45 percent of the equity of the property. W
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Here’s a New Year’s resolution for you: Read less market news. It may not be quite the advice you’d expect to read on a personal finance web site, but if you’re cleaning house portfolio-wise this New Year, it may be just the advice you need to hear.
But isn’t more information always better? Won’t a better-informed investor outperform a worse-informed investor? If I know less than the other guy, won’t he have the edge over me?
The answer to all three questions is: no. There was a time when financial news, of a sort, could make or destroy fortunes. That time, however, was before instant communication made the same financial news available to everyone, everywhere, all the time. For instance,
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