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Anyone buying Schwab Stock Slices?
Posted by: MrNoBody
Date: September 20, 2020 07:16PM
[www.schwab.com]
Now anyone can own any of America's leading companies in the S&P 500 for
as little as $5, even if their shares cost more.


Looks interesting & apparently there are no fees involved until you sell.

There are no commissions when you buy stocks online through Schwab Stock Slices,
just the same as if you traded regular stocks. An exchange processing fee applies
when you sell a stock(s), and certain securities may be subject to other fees and expenses.


So what do the forum finance mavens say?



39°36'17"N 75°44'43"W

The search engine that doesn't track you.

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Re: Anyone buying Schwab Stock Slices?
Posted by: Speedy
Date: September 20, 2020 07:46PM
Robinhood.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Anyone buying Schwab Stock Slices?
Posted by: space-time
Date: September 20, 2020 08:10PM
What do they charge when you sell??? They did not specify that sad smiley

Many houses offer free trades these days. I would avoid fees as much as possible. Fees kill the deal for small trades.
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Re: Anyone buying Schwab Stock Slices?
Posted by: MrNoBody
Date: September 20, 2020 09:00PM
Quote
Speedy
Robinhood.

Thanks Speedy! Forgot about them, maybe it's time I open an account.



39°36'17"N 75°44'43"W

The search engine that doesn't track you.





Edited 1 time(s). Last edit at 09/20/2020 09:01PM by MrNoBody.
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Re: Anyone buying Schwab Stock Slices?
Posted by: mattkime
Date: September 20, 2020 11:45PM
Robinhood, if you can use it responsibly.



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Re: Anyone buying Schwab Stock Slices?
Posted by: Carnos Jax
Date: September 21, 2020 12:23AM
^^^^This
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Re: Anyone buying Schwab Stock Slices?
Posted by: Michael
Date: September 21, 2020 05:54AM
Fidelity does the same thing. I found it irritating because I bought some ETF's on my computer that ended up with partial shares. That was fine. But when I sold them, they would only sell full shares from my computer; I ended up with things like .435 of a share left that was worth $20. I read about it and I had to sell partial shares on my iPad or iPhone, not the computer. I did that but didn't like them extra step.
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Re: Anyone buying Schwab Stock Slices?
Posted by: GGD
Date: September 21, 2020 07:42PM
Quote
Michael
Fidelity does the same thing. I found it irritating because I bought some ETF's on my computer that ended up with partial shares. That was fine. But when I sold them, they would only sell full shares from my computer; I ended up with things like .435 of a share left that was worth $20. I read about it and I had to sell partial shares on my iPad or iPhone, not the computer. I did that but didn't like them extra step.

From what I remember in the past disposing of partial shares with Fidelity, it was possible to do through the website IF you were selling ALL Shares that the account held in that security instead of entering a quantity. Otherwise they only worked with whole shares.
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