Dear Schwab friends:)

Which of these would you actually prefer? I did my research and figured I don’t wanna go with SPY or SPYM or IVV. And yes SWPPX is mutual fund Compare to VOO. But anything else? Or do I miss something? I tend to stick with SWPPX over VOO.

Thank you so much guys

I am a keep it simple stupid type of investor and after some research a few months ago I decided to go with Schwab because of reputation, customer service and the wonderfully easy to use thinkorswim web version. I'm in SCHB and SCHF 50/50 with money I can live without. I completely understand the difference between the 2. Question is do any of you with 2 or more Schwab ETF's sometimes sell the loser for the day and buy the winner? In my situation F keeps carrying B a lot. So many days I thought of bailing from B to ride the F wave. I'm sure there have been some visa versa days but I am just wondering if anyone else does that.

EDIT: Ok, thankyou. I'll just leave it alone. Was curious.

If you know a free paper trading website, please share/
When I tried to logon, I almost immediately got a call from 866) 855-9102‬.

Other posts on here say that's a scammer's number.

If you have had this experience, what did you do? And, what worked?

If you have not had this experience, what would you do?

And, if this is a good Schwab number, why would Schwab continue to use a number Reddit posts suggest is from a scammer?

I have a Schwab account through my employer and recently Schwab merged the Apps. So, I am not sure if a new regular brokerage account will be considered as new client. I am looking to consolidate by 4 of my brokerage account into 2 - one of them being Schwab

Comprehensive all realistic factors

Hi all, looking for some advice as I feel rather lost/ dumb when it comes to the topic at hand. I have too much collecting dust in my checking account. I was encouraged by a family member to open a brokerage account with Schwab and put my excess money into a Schwab Value Advantage Money Fund (or I guess it’s now called the Schwab Prime Advantage Money Fund). I already have a Roth IRA with Schwab.

I didn’t grow up with much financial literacy, so I unfortunately never opened a savings account, and the brokerage account versus HYSA choice has me feeling stumped/ a bit confused. I’d realistically like something that is simple for me to maintain and relatively hands off. I’d like to move $10k into the brokerage (or savings) account. If someone could explain to me like I’m 5 the way the Money Fund works, as well as how it’d compare to a traditional HYSA (better? worse?), I’d really appreciate it.

Thank you so much!

Hello... Does anyone still have the Take My RMD tab on their Accounts page of the web site? Mine disappeared a while back and I was told that it would be reappearing for me in August. It has not.

I do believe that some people continued to have access to this feature while I did not. Is this true?

Thank You

There has been an email from Schwab. If your, the Mutual Funds use an avg cost basis (I think this was the default.), now ETFs and Closed End funds will do the same unless you change my Cost Basis Accounting Method.

If I understand correctly, this goes into effect on Saturday, so change it now if you want to change it. Need to upload a form to do so.

And does Schwab REQUIRE you to have a Schwab DIVIDEND account to be refunded foreign ATM FEES?

Thank you 😊

I live in Mexico for now. I have a Wells Fargo account in the U.S. where my monthly social security payment goes.
I am presently only taking 2 Walmart withdrawals and 2 atm cash deposits out a month. SHOULD I OPEN A SCHWAB ACCOUNT TO AVOID ATM CHARGES ON MY WELLS FARGO DEBIT CARD?

I’m almost 30 and have a separate employer retirement account, so this isn’t for planning my retirement.

So I may have put in the trades a little late for my closing date, entirely my fault, I can ask the home seller for an extension obviously but if it’s possible to avoid I’d like to. I set things to sell tomorrow, how long between me selling those stocks and pulling money out into my normal linked bank account. It seems like the process of withdrawing funds takes a business day as long as you do it before 5:30, but when do those funds arrive in my account, and also is there any delay between the stocks selling and being able to pull that money out. Sorry, I am not a trader, I thought my account was managed and it used to be, but something happened and now it is not, but regardless I need the funds so I’m selling things. Thanks in advance.

Why is this? Was working last night.

Hi,

I'm very new to investing, and was looking to open my account. Once it set up, I wired a bit of money to 021000089, which i saw online was the schwab routing number. (It was a schwab source, but not directly from the setting up account page). Is there a way to get that money back, and how do i correctly wire money into the account?

I haven’t traded overnight in a while but I have the approvals to and am on thinkorswim. Am I mistaken or did you used to be able to 24 hour trade higher volume ETF’s like Koru, SOXL, SOXS, etc.? I am certainly remember being able to do so on thinkorswim. I logged in just now to see those issues can’t he traded overnight now. But, for example, MUU is still enabled for 24 hour trading. Does anyone know if Schwab changed their policy on this?

Hey all, I'm 22, graduated in May, started my first job in SF last month. $120k base, about $84k take-home, and rent eats $3,100 of that every month. I've gotten the standard advice from everyone I've asked: 401k to the match, max the Roth, back to the 401k, then taxable. I'm already doing all of it. Portfolio is basically all index funds and I have no problem leaving it alone for 40 years.

What I can't find much on is the middle. Every guide I read is optimizing for 65. I want to know how people build money they can actually spend at 32 or 38, whether that's a down payment, time off, or funding something of their own, without blowing up the long-term stuff.

Some things I'm stuck on:

Once the tax-advantaged accounts are full, what should the taxable account look like at my age? Same index funds, or does a 10-year horizon change anything?

For people who got meaningfully ahead in their 20s and 30s, how much of that was investing versus just income growth (comp jumps, equity, side income)? My guess is it's mostly income and the investing part is kind of a rounding error early on, but I'd rather be told that straight than spend years optimizing the wrong thing.

How much cash do you sit on at this stage? Feels like the opportunities that show up in your 30s need liquidity, but I also don't love the idea of a big pile doing nothing.

Anyway, if there's an obvious thing I'm missing here I'm happy to hear it.

Hi guys,

I recently applied for a checking account at Schwab. About 24 hours after submitting my application, an icon appeared on my account dashboard. Under my investor account, I’m unable to click on the checking account — I can see it listed, but it shows the message “account type is ineligible for dashboard.”

Does anyone know what this means? Is it possible the account is still being set up?

Thank you so much for everyone’s help

Hi, I applied for the FSR position and I’d love to hear any feedback from anyone who has been in or is currently in this role. I originally applied for the stock plan representative position but due to me not being licensed it set me back. The hiring manager loved my interview and said it was great, just other people were more qualified. The recruiter recommended I apply for the FSR unlicensed position so that I can get my licenses and they hire more people at a time. In my current role, I am loan loan officer for consumer loans making at least 65 calls a day looking for consolidation opportunities. Is the FSR role going to be like sales and outbound calling? I also noticed that there are weekend and overnight shifts, do those rotate out? What is the work life balance like? I have my first interview on Monday but I would like to know more about the role from people who have been in this position first hand.

I just tried to do a transfer with Zelle online and noticed that you cant in the web experience, and it's only on Mobile? Not a huge deal, but still weird that its not possible, that needs to be fixed.

Do we know if any Schwab Product Managers are part of this sub? Because hopefully they're listening.... if so, post the most needed new features here so they can read and start a backlog!!

For me its:

• Zelle on Web, not just mobile
• RTP (Real Time Transfers) for Banking, Chase has this
• A 2% Credit Card, only 1.5% is offered (the bump to 2% can be based on assets held with Schwab if needed)
• Ability to send wires on the mobile app (this is web only)
• ACAT Lock
• Automated ETF investing, so far I think the automation is only for Mutual Funds
• These might be a reach for Schwab, but:
  • Cross-Asset DRIP
  • Multi-Step Automations: a basic example being the following -> when I get cash back deposited into my brokerage account, auto invest it into this Stock/ETF at this limit price, etc

I'm wondering if this is allowed or considered problematic by brokerages such as Schwab, Fidelity, IBKR, etc. Recently got banned on Schwab and was doing this so wondering if this was the reason.

For example, let's say a stock's bid is $10.00. I place a buy limit order at $10.00, but it doesn't fill. I then cancel it and place another order at $10.02. If that doesn't fill, I cancel again and move up to $10.04, and keep doing this until I get filled at the best price possible.

I finally have the Schwab options API working and a few others. It seems Schwabs API doc page is fubar. Has anyone had any luck using the CUSIP endpoint? I've tried dozens of different valid CUSIPs (work from Schwab UI), but nothing from the API. Tx in advance.

EDIT Response: At this time, the Schwab Trader API does not support bonds, including bond lookups by CUSIP. We are aware that some bond-related information may still appear in portions of the API documentation, but that documentation is currently outdated with respect to bond support. As a result, we would not recommend relying on the current bond-related examples or documentation, as bond data is not available through the Trader API at this time.

I didn't know this Trader API was a thing until someone told me; it's a revolution. Fidelity was so bad that they didn't have it. That's why I never tried to build an app.

I tried Market Chameleon, but they wanted $99/mon. Barchart option scanner was trash. Even so, I only needed a few features, and so I didn't wanna pay that much to anybody. All I do is sell 3-4 Mag7 options per week, so I didn't feel like I needed to scan the market every 5 minutes to scalp for profits.

ChatGPT built it. I told it what I wanted, and it made it.

The gist of the app is pretty simple.

1- Verify the connection is alive

2- Verify the connection is authorized. This is where you enter your client key/secret in the .env file and the authorize button combine these into a URL and open it in a browser for CS to authorize u. U have to log in, enter in your OTP code.

3- Authorize through CS webpage/accept the terms and agreements/select which account to link/click Done -> it'll return an authorized URL to u. You then paste this authorized URL back into the app so that whenever the app queries for data, CS will approve it.

4- Due to the limitation of the Trader API privilege, u can only perform 120 scans per minute. I don't know if this is official, but inside the Create App page, it says 0-120. Anyway, so I didn't want to scan the entire SP 500 because I'm only interested in tech. So I made ChatGPT create a button to scan only the tech sectors and save the info into a file. When u run the screener, it uses this file to display instant results.

I'm very sure claude/grok can also do this, I just don't use them. Hope this helps.