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Thursday, September 24, 2009

Wells Fargo Sucks

I have most of my financials through WFC: mortgage, UTMA, ESA, Wife's Roth, My Roth, Rollover IRA, Checking (0.47 balance). In each brokerage account, I get 100 free trades per year. However, it is very limiting. You cannot sell cash secure put, you cannot sell covered calls with leverage ETF. One day, I was free riding in my account and all my trades had to be reviewed by a broker for 90 days. Early in the morning, it would take them 30 minutes to approve an order. How's that for slow? I guess you get what you pay for.

On another subject, Schwab has been really good and here's an article from Liz Long Train Running: Fed in No Hurry to Raise Rates

Lastly, Boycott Bank of America!


Schwab is awesome!!!

I just spoke to representative to transfer money from my Schwab checking to my brother's Schwab checking. He needed the money quick for a down payment to buy a car after finding a job. He and his wife don't own any cars because they always have had company cars.

Don't have wait on hold very long and quick process.

If only Schwab pricing were a little more competitive.

But I guess I paying for the great service and can't have my cake and eat it too.