[stargrazer]

all im going to say is get out of schwab before its to late, was a stock only buy of td, hes in debt
up to his ears 79 billion and growing from all that commercial properties he bought that is empty now, you got to ask yourself why didnt he put his name on ameritrade and use it why the rush to get investors over to schwab when interface is clearly not ready infact the watch list ask bid price not live so you dont even know what the share price, are going, im going to Etrade, vary easy to use and same interface as td but need a few updates. to be as good or better than td.

[OldAIMGuy]

From an article in this week's BARRON's................................

Charles Schwab Won’tBe Dethroned

Despite snags with the TD Ameritrade transition, Schwab has what it takes to win.

BY ANDREW WELSCH

Financial advisor John Robinson was scheduled to move his clients’ funds to Charles Schwab from TD Ameritrade over Labor Day weekend as part of the brokerage industry’s largest account migration ever. He expected a snoozefest; instead, he says he experienced a “dumpster fire.” A $1.7million account wasmistakenly assigned to him, and three of his client accounts totalingmore than $4 million were incorrectly assigned to another advisor, he says. Robinson tried calling Schwab’s (ticker: SCHW) service desk but couldn’t get through. He finally spoke to someone the next day about themissing accounts. “They askedme, ‘What’s the account number?’ ” he says. “And I said, ‘I don’t know. I can’t see the accounts.’ ” Four days later, the accounts were reassigned correctly, but the experience has left Robinson dispirited. Schwab might lose his business.

“It’s 50/50,” says Robinson, owner of Financial Planning Hawaii. “My great preference is I’d verymuch like to leave. I’mdisappointed. This is not what I was expecting.”

Some Schwab customersmay share the same sentiment, and Schwab investorsmay, too, though for different rea-

sons. The snags in the $1.3 trillion Labor Day transition have come amid a trying year for the company. The stock is down 35%, bank deposits had fallen 28% year over year as of Sept. 30, and net new assets tumbled in July and August as some Ameritrade customers and advisorsmigrated elsewhere.

“Schwab is at a crossroads,” says MichaelWong, an analyst atMorningstar. “There are a lot of potential positive and negative catalysts in the next two to six quarters.”

Rising interest rates over the past year have pressured Schwab’s bank, a key profit center. Customers have moved billions of dollars out of the company’s default low-interest bank accounts to higher-yielding options, a process known as “cash sorting.” Because deposit outflows have exceeded Schwab’s cash on hand, it has had to rely on costly short-term borrowing, which has caused its interest expenses to soar and taken a bite out of earnings.

Schwab’s third-quarter results, posted on Oct. 16, were better than Wall Street’s forecast but still down sharply from a year ago. During the company’s earnings call, executives didn’t release a dramatic new business strategy or turnaround plan. Instead, they urged shareholders to be patient.

“Despite the environment, despite the noise, we are supremely confident in our positioning for long-term growth,” said CEOWalt Bettinger.

Many analysts agree and remain bullish on Schwab’s downtrodden stock. That’s because cash sorting will probably end as interest rates level off, they say. Also, thanks to its acquisition of TD Ameritrade, Schwab has enormous scale and a commanding lead over the competition. Plus, Schwab dominates the business of holding assets for the clients of independent financial advisors. This space is difficult for newcomers to break into, even when there may be dissatisfied customers.

Schwab says that as far as the TD transition goes, all is well. The overwhelming majority of TD Ameritrade clients have transitioned to Schwab successfully, and attrition is lower than what Schwab had forecast. “Only a tiny fraction of transitioning clients reached out to us with a concern,” said a Schwab spokeswoman, adding that the company’s priority is to quickly resolve any customer issues.

Best wishes,
OAG

[Lime Time]

Early Access to thinkorswim at Schwab.

You now have exclusive early access to the award-winning suite of thinkorswim trading platforms.

Finally. For those stuck with TDA to SCHW they finally making some progress with thinkorswim.

[findit]

Some good news from Schwab on plans to encorporate thinkorswim. From an email I received today 'Sit tight: thinkorswim will be available soon.
We're putting the finishing touches on the platform suite now, and we'll let you know when it's ready.'

[softballdaddy]

Great chance I think to get back to the pre-fall range

[OldAIMGuy]

These were originally Ameritrade shares before SCHW merged with them. The transactions along the way show up with the increase and decrease in Cash Reserves over time. The following history doesn't include this week's very generous increase in share price.



I sold small increments of the holding as the price was rising and then,. more recently, plowed all that cash back into more shares.

So far, so good,
OAG Tom

[Yooo]

Bingo !!

[softballdaddy]

I got in liw 50s but kept waiting for a bounce I thought was coming.
Good luck

[OldAIMGuy]

Hi SBD,
I'm waiting for $69+ to lighten my inventory by 10%. My last purchase was at $49.00, so I'll be looking at a LIFO gain of around 41%. I'm in the black on my last three purchases as of this recent upward move.
Best wishes,
OAG

[softballdaddy]

Little more today

[softballdaddy]

Gained a little traction past few days

[OldAIMGuy]

While the price shaving SCHW got when the "financial crisis" occurred a few months back did a number on this stock, note that the Accumulation/Distribution really didn't change all that much. It got bouncy, but never really changed dropped off.
https://schrts.co/UHPkZvCT
Best wishes,
OAG

[lasombra]

BEST OTC BROKER AND WHY PLEASE? TIA

[Chartmaster]

Yeah, peeps need to boycott Schwab, My dad was a district Court Judge so I have the legal BS in my blood, I have not heard one positive from anyone who had their TDA accounts taken over by Evil Schwab Avatar machines!

[Lime Time]

I tink u are a lil more mad than I am, but I will let you know what response I get from them. I have half a mil in here in their name and will threaten to sell it all and move it out. It's not only penny stocks either. Have a lot of divi reinvest that transferred over but the reinvest part didn't. I'm very mad. This should be shut down.

[Chartmaster]

Good luck Lime Time, I am so angry I feel like stopping in their Denver locations and stand in the lobby and tell waiting customers in a loud voice what Schwab is doing to TDA customers...and I'm still trying to transfer to Wilson-Davis b4 Schwab sells my OTC for me at great long term loss....then I will file arbitration, go to local locations to express my views in the lobby, even make a picket sign and hang out for a few hours in front of their local branches!!!
TDA was the best! Now Schwab is going to retire the TDA name!

[Lime Time]

Not satisfied with Schwab at all. There is strangely an office 5 minutes from my house. I'm going in person this week to talk to them to get straight answers about not meeting TDA's level of service.

[Yooo]

3 Million share trade After hours at $55.51. Thoughts?

[Chartmaster]

So they forced you over to Schwab's outdated platform and took away your L2? I argued with them many times to just keep TDA platform but they are too greedy and don't want the added expense of running 2 platforms. Plus they said they have StreetSmartEdge platform I can learn and use, but then they said they will dissolve SME when Think or Swim gets transferred so they leave customers on the run with changing platforms....What a mess!

[Gman598]

Schb told me they would phase in L2 later this year. Not sure how true they are but that’s what they told me. They’re definitely not as good as Ameritrade. schb app is terrible.

[Penny2Dime]

So I have to gradually phaseout from Schwab!
Start nagging this morning;)

[Chartmaster]

Etrade is the best out there now that TDA is being dissolved, but no one accepts otc transfers except for Wilson-Davis and they have a $35 trade commission plus 4%, so I'll probably have to sell most my positions and only transfer my CE and EM tickers....you should call Schwab and ask them WTF where they thinking???

[Penny2Dime]

Thinking of transfer to E*trade if possible.

[Chartmaster]

I called them at least 6 times about this outdated BS, they said I would have to call to place an order and then it's up to the rep if additional $25 fee will apply....You should call to complain but be nice and don't cuss as they may decide to close your account like they are doing to me

[Penny2Dime]

Trading less than 1M shares on each order doesn’t work for Penny stock. Any solution for this except phone call?

[Lime Time]

What we are upset about is that we were promised same or better level of service after the move from TDA to SCHW. That was a lie and SCHW should be held accountable.

[InvestItAll]

Isn't Level 2 on the Schwab Street Smart Edge tool 'SYMBOL HUB'? You would have to launch it.

[Aceinhibitor561]

Yes, Total BS Website. Not for trading penny stocks. No Level 2 info.

I am still using TD for reference, still sort of works 100Xs better than Schwab

[Chartmaster]

Lots od negative posts about evil Schwab TDA takeover, Schwab is closing my account because I complained too much about the lack of tools on schwab platform, I will forever be posting about this evil BS from schwab!

[Chartmaster]

We traders need to send Schwab a message they can't control us like puppets with our trading platforms...I plan to post negative reviews the rest of my life, I will be taking Schwab to arbitration if they sell my OTC stocks, and I'll be the one calling in to talk shows like Cramer's Mad Money and Fast Money to let the public know that Schwab is a mess and should be boycotted!

[OldAIMGuy]

Re: Schwab for long term investors..........................
I have a lot of tools in my garage. Some of them date all the way back to my great grandfather. Some are clumsy and some are handy. Some are specific to certain chores while others are more generic.

I've used and enjoyed both TD Ameritrade as well as the Schwab portal. For my way of investing and trading both work equally well. I don't use any of their 'great features' as my investing methods don't require them nor do I see any benefit for me.

I used to own Ameritrade's stock and profitably traded around my core holding until they were merged into Schwab. Now I own SCHW and profitably trade it around my core holding. So, while I understand the frustration of being forced to use a new brokerage service, I can't see that bashing Schwab is accomplishing very much.





I suggest finding the right tool for the work you do. Schwab is a fine tool for those of us who trade and invest for longer than a single heart beat. It's rare that I don't hold a stock at least 3 to 5 years. Many I've held for decades. I've never looked at SCHW's portal to trade short term, so don't know if there are proper channels for that sort of thing. If not, then there must be other tools out there for that type of activity.

Best wishes,
OAG Tom

[slicknick617]

Other than the amount of volume there are no other indicators for the charts. It's like this thing was designed in the early 90's.

[kit101]

Yeah. Same here. Was expecting more.
I think they’re moving Think or Swim over later in the year lol. Who can wait for that.
Thanks Lime Time!
Best of luck and good trading:)

[kit101]

Yeah. Same here. Was expecting more.
I think they’re moving Think or Swim over later in the year lol. Who can wait for that.
Thanks Lime Time!
Best of luck and good trading:)

[Lime Time]

It only took 20 minutes to make my decision that this app doesn't fit my trading style. It was told that the move would have the same service level or better. No L2? What is wrong with the programmers? It's like hiring a plumber to install your garage doors. I'm slowly moving my money out of this garbage and will find something else. Not sure yet what to change to, but I'll be doing some research.

[kit101]

Agree Lime Time!! Miss TD level 2 today so bad.
Kept looking for real time quotes on this Schwab app. I don’t think there is one! How could they switch us to this. Frustrating.
How can you trade without level 2. Don’t like the app at all. All over the place.
Let me know if you find a good level 2. Was thinking of switching to ETrade.
Appreciate it. Glad I’m not the only one disappointed so far.

[TheFinalCD]

AGREE I HAD BOTH

CHARLES SUCKS

BUT HAS FEWER OUTAGES

BOTH CUSTOMER SERVICES SUCK

ETRADE BETTER CHOICE

[slicknick617]

I just got switched over from TDAMERITRADE to SCHWAB. The charts, tools, and graphics at Schwab are horrible compared to TDA. What is this StreetSmartEdge and where do I find it on the Schwab site ?

[Yooo]

$68-$75 by years end.

[dhyan40]

The best trading app is Webull

[Lime Time]

This SCHW app is terrible. It feels like navigating through a maze and hitting a dead end everywhere. I can't even see L2. How could these people suck so bad at what they do? What other trading apps can anyone recommend. Eturd sucks. IBKG nah. The TDA app was the best out there. Stupid not to keep it.

[findit]

Schwab's trading platform StreetSmart Edge is down so far this morning for me. Anyone else?

[TheFinalCD]

$SCHW

Charles Schwab, Snagged Into Banking Mess, Could Be a Bargain
https://realmoney.thestreet.com/investing/stocks/charles-schwab-snagged-into-banking-mess-could-be-bargain-16118174

Despite Massive Unrealized Bond Losses, Here Are 2 Reasons I'm Far Less Worried About Charles Schwab
https://www.fool.com/investing/2023/03/16/despite-massive-unrealized-bond-losses-here-are-2/

[deepdj011]

After gets high

[deepdj011]

Outbreak - today !

[deepdj011]

Up To 53 $

[OldAIMGuy]

I'll let 10% of my position go when the price/share hits $61+.

Best wishes,
OAG

[deepdj011]

Schwab is a winner ! 23

[Chartmaster]

Schwab may be in trouble here imo, read article: https://www.dallasnews.com/business/personal-finance/2023/03/28/charles-schwabs-growing-paper-losses-raise-questions-for-investors/