A.I.M. Users Bulletin Board

[OldAIMGuy]

Hi Steve, Re: AMTD to SCHW switch.....................

I'd moved my personal accounts to Schwab years ago as part of my company's needs. We had all our client's portfolios domiciled at Schwab after consolidating them from many other locations. My kids, on the other hand were still with Ameritrade and their accounts moved, too, but in the 1st wave of this merger. Theirs went smoothly, but they had to do a bit of work with beneficiary notices and some other stuff.

I heard from a friend this AM that his AMTD account finally moved to SCHW. Schwab consolidated his and his wife's accounts in one master. He used to have to sign in to each separately, so this may be a good thing. So far, so good.

I'm also an investor in SCHW and was in AMTD until the merger. It's been a good trader for me as was AMTD in the past. It pays a modest dividend to help things out during dry spells.

https://schrts.co/dQjfuRbE

That halving of the share price between the peak in early 2022 and the bottoming in early 2023 allowed the Equity Warehouse to add a lot of inventory. Currently it's just $2-3 below where we'll let some interested new owner take delivery of 10% of our shares. Note I use 10% of PC as my minimum order size with SCHW. That gives me roughly a 30% ZigZag range for round trip trades. That plus the dividends makes me smile when it happens.

I hope the rest of the switch goes well. I've found SCHW's interface to work pretty well. It's a bit different from Ameritrade, but once you find your usual functions, it goes pretty smoothly. Little things like under the TRADE button, you'll find a choice of looking at your open orders and another to enter a new order. Once you've entered an order you have the choice of viewing the open orders and also entering another order. So, you don't need to go back to the header if you have multiple new orders to enter. Orders remain in the system for around 6 months before self cancelling.

Best wishes,
OAG Tom