Archive for the 'Brokers' Category
The Evolution of an Investor
A great article about the other Las Vegas?
I need to read some of the books that are referenced in this article (Winning the Loser’s Game and A Random Walk Down Wall Street). But for now, I still think I can outperform with my small speculative accounts! However, for my [...]
In the process of researching return on cash, I discovered that TradeStation a) only pays 1.25% APY on idle cash and b) allows you to buy Money Market Funds, but they aren’t marginable, and c) thus if you are an option seller you can’t take advantage of buying treasuries like you can at Schwab, E*Trade, [...]
I think this fact is little known, but at Schwab, Etrade, and Fidelity if you are an active option seller you can buy 1 to 6 month treasuries and get paid around 4.25%+ and the amount you buy is still 90%+ (some slightly higher than others) marginable. In a $100,000 account you are getting paid [...]
Don’t let the discount brokers screw you on your cash. A little secret they won’t tell you about (unless you complain and ask) is that you are only getting paid about 1.2 to maybe 2.0% APY on your idle cash. However, as an example at Schwab you can buy the SWVXX or SW2XX “Investor Fund” [...]
