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Re: E*trade, TD Ameritrade Implode After Schwab Eliminates Online Trade Commissions 

By: Decomposed in POPE 5 | Recommend this post (2)
Wed, 02 Oct 19 2:33 AM | 27 view(s)
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Msg. 41143 of 62138
(This msg. is a reply to 41140 by Zimbler0)

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Zimbler0:

Re: "Schwab HAS to be making money off the rubes somehow."
Schwab does more than just execute stock transactions. I was just approved for a Schwab Amex card, for instance. (It'll replace my old Amex card.) Schwab has banking, currency exchange services, investment advice, brokered transactions, etc. It has a lot of ways of making money.




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The above is a reply to the following message:
Re: E*trade, TD Ameritrade Implode After Schwab Eliminates Online Trade Commissions
By: Zimbler0
in POPE 5
Wed, 02 Oct 19 2:29 AM
Msg. 41140 of 62138

I'd be looking for the hook . . .

Schwab HAS to be making money off the rubes somehow.

Zim.


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