InvestorsHub Logo

cintrix

10/25/22 12:30 PM

#5993 RE: ottoman #5992

Found a pretty big flaw with Schwab that might affect whether or not I end up migrating all of my accounts to them. I absolutely love their customer service. But when I sold two different tickers this morning I found something here I don't like. I didn't sell all my shares of either of these stocks. I only sold partial and I choose which lot I wanted to sell. The problem is, that after you sell it, you can see the trade on their website and which lot was selected, but they don't show it in realtime for your positions. Your positions show that they sold it against FIFO and they said even though you picked the right lot it takes two days after the actual stock clears for the lot you chose to disappear. That's ridiculous. So if you choose lot selection you will not see the correct lots that are still available in your positions until two days later. With Etrade, you choose a lot and sell it, it updates in real time and that lot you choose no longer is visible.