I find this baffling but Schwab placed a 90 day restriction on my IRA. I cannot purchase SWAGX. I can sell but not buy. I think the claim is that a sold some and then bought a few days later. Again, just odd to me they don’t want me to put my money in their fund.
I called Schwab customer service today to see if I could get added to those that have the fractional share rollout. The rep tried - contacted the department in charge - but they were unable to add the functionality for me currently.
However, the cool thing was the rep told me that ten percent of customers were given the initial rollout, another fifty percent will be added on Tuesday, May 5, and the plan is for all customers to have it by the end of May. Woohoo!
So, this is not an official press release, but what one customer service rep read from internal information while on the phone with me.
Schwab releases fractional shares and I try to open an account and couldn’t 🥲
don’t know if it’s because I’m a executive in a FINRA registered broker dealer, or something else..
It seems like everyone would want that on? Why would any Roth IRA holder not want what the Limited Margin feature turned on?
Something like Robinhood push notification
I’m 38 and recently found out I can roll over an old union annuity account (~$151k). I haven’t been with the union since 2021, so no more contributions—just interest growth. I also have an active 401k with Schwab (~$58k). I’m currently in the process of opening a Rollover IRA with Schwab to potentially move the annuity funds into. From what I understand, my options are: Roll into my current 401k. Roll into a Traditional/Rollover IRA. Leave it in the annuity plan I’m leaning toward the IRA for more control and investment options, but I’m trying to make sure I’m not overlooking anything (fees, tax implications, future flexibility, etc.). No plans to cash it out—this would be a direct rollover for long term investment (retirement)
Curious what others would do in this situation and why? Thanks
I watched as my $290 turned into a $600 loss in seconds while I was frantically entering orders. Is there a setting to take off the training wheels?
I always feel like I’m a kid again bored to death with my dad watching Wall Street Week on PBS when I’m calling Schwab to ask whatever dumb question so have. Does Schwab market man have a podcast?
Have Stash for the fractional shares option but since Schwab is getting it or has it now I wanted to transfer the shares to Schwab. Is that possible?
Anyone have any experience with Schwab's Wealth Trust Services?
I added my Investor Checking debit card to my Apple Wallet and tried withdrawing money at a Chase bank ATM using NFC but it just said transaction declined. When I tried my physical card it worked fine. Am I not allowed to use NFC contactless at ATM machines to withdraw money?