Re: Selling Stock

"HW "Skip" Weldon" <skip5700removethis@[EMAIL PROTECTED]
> wrote in message 
news:js6r14p6rv661t59hhkt42n3s1afaqsbci@[EMAIL PROTECTED]
>> My reinvested dividends (through Schwab) do not have any
>>commission.
>
> How does Schwab cover their costs?

They force most customers into low interest transaction accounts.  Same
way 
that banks recover costs for "free" checking.  "The Schwab One Interest 
feature is automatically included on your account.  This feature pays 
interest on the uninvested cash in your account.  ... Clients with
$500,000 
or more ... may request a sweep money market fund as an alternative."
https://investing.schwab.com/public/file?cmsid=P-221707

Current interest rate: 0.15%
http://www.schwab.com/public/schwab/investment_products/cds_money_markets/cash_solutions/cash_s1.html?cmsid=P-1652367&lvl1=investment_products&lvl2=cds_money_markets&refid=P-1653636&refpid=P-1630062

Or, if you prefer, they lose money on each transaction, but make it up in 
volume.

Mark Freeland
nNeEwTs@[EMAIL PROTECTED]
 

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