Talk of The Villages Florida - View Single Post - Trading online vs using a broker
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Old 11-02-2013, 11:04 AM
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Quote:
Originally Posted by Shimpy View Post
That's exactly how it is with Schwab. Go to trades and fill in the blanks. If it wasn't easy they would have lost me 3 years ago.
Did you automatically know the difference between "software trading" and "web trading" when you first started? What happens if you pick the wrong one and start filling in the blanks?

Another question: I was told by someone at Schwab that brokerage accounts are insured up to $149 million per account. That sounds too good to be true. I tried to find it on their website but couldn't. What is your understanding of the amount of insurance coverage? How much are they insured for over the standard SIPC coverage of $500,000.?