Schwab is blocking my bond trades!!

C

Cabin1111

I seem to have a little slower internet today...Just a bit.

I'm try to do two quick bond trades that should take less than 5 minutes...It is going on 2 hours!! I kid you not.

Schwab knows I am trying to get money out of their bank...Into a bond. Their banks savings account makes less than 1%...They make great money on it.

So, their site just sits there and spins when I try and buy bonds.

I tried to buy 1 share of AT&T...That would have gone through!!

A few minutes later I called Schwab and got a fill manually.

It was just $2,000. I wanted moved to a treasure I already had...Expire the same day and same note (tax purposes). Done and done...

But they know where they make their money. They want people to give up...Time out. This company is messed up!!
 
Last edited:
Cabin1111 said:
I seem to have a little slower internet today...Just a bit.

I'm try to do two quick bond trades that should take less than 5 minutes...It is going on 2 hours!! I kid you not.

Schwab knows I am trying to get money out of their bank...Into a bond. Their banks savings account makes less than 1%...They make great money on it.

So, their site just sits there and spins when I try and buy bonds.

I tried to buy 1 share of AT&T...That would have gone through!!

A few minutes later I called Schwab and got a fill manually.

It was just $2,000. I wanted moved to a treasure I already had...Expire the same day and same note (tax purposes). Done and done...

But they know where they make their money. They want people to give up...Time out. This company is messed up!!
More...

Easier to move small amounts in/out of SNSXX which is a Schwab U.S. treasury fund yielding 5.03%. No transaction costs and no maturity to keep track of.
 
BKR88 said:
Easier to move small amounts in/out of SNSXX which is a Schwab U.S. treasury fund yielding 5.03%. No transaction costs and no maturity to keep track of.
More...
Or money market funds:

SWVXX pays 5.19% for < $1M
SNAXX pays 5.34% for > $1M.
 
upload_2024-3-13_8-1-18.jpeg
images


Negative emotions will lead to trading losses.
Negative emotions shorten one's life.
Hundreds of OPs come to the forum to express their anger/frustration.

Schwab might be having some technical problems.

Learn to neutralize -ve emotions rapidly.
If not, you will have negative emotions every single day and night.


Always have a backup broker.

One of the biggest obstacles to trading is MIND MANAGEMENT / anger management / mind control.


amibahta
ooooohhhhhhhmmmmmmmmmm .............


Schwab is blocking my bond trades!!

--->

Schwab unintentionally blocked my bond trades.
calm ..... serene ...... peace ..... calm ..... serene ... peace .....
 
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maxinger said:
View attachment 335952
images


Negative emotions will lead to trading losses.
Negative emotions shorten one's life.
Hundreds of OPs come to the forum to express their anger/frustration.

Schwab might be having some technical problems.

Learn to neutralize -ve emotions rapidly.
If not, you will have negative emotions every single day and night.


Always have a backup broker.

One of the biggest obstacles to trading is MIND MANAGEMENT / anger management / mind control.


amibahta
ooooohhhhhhhmmmmmmmmmm .............


Schwab is blocking my bond trades!!

--->

Schwab unintentionally blocked my bond trades.
calm ..... serene ...... peace ..... calm ..... serene ... peace .....
More...

Yeah, I know...I lost about 50 cent to a dollar today, if I didn't make the trades.

This was basically a no trade day...Throw $3,000. into two T bills. It should take 5 minutes at the most.

I also like to keep a few hundred dollars in each account...Just in case I have to buy back quickly, any option that may expire close to the money (covered calls). Say, it's a Friday and a stock I like makes a large move up or down. Buy back cheap if I can...

Doing about 20% of my stocks in covered calls, there is no great reason to have a back up plan...If they get called away, so be it.

Again...Just a clean up day. Maybe the Lord is teaching me patience...

Concerning the other post on this thread...I have though of those options; Schwab money market, Schwab T-Bill funds. I don't like either. A treasure fund can go up and down. You still have to move money from Schwab Bank into a money market fund.

I just wait till either my wife's IRA or my IRA gets to be over $1,000. (basically $980.), then throw it into a treasure. In the trust account, I'll wait till it hits $2,000., then throw it into a treasure...For simplicity.

When I do this, I will put them into existing US Treasuries we already have...So it matures the same time (with less paperwork).

Just me...
 
maxinger said:
View attachment 335952
images


Negative emotions will lead to trading losses.
Negative emotions shorten one's life.
Hundreds of OPs come to the forum to express their anger/frustration.

Schwab might be having some technical problems.

Learn to neutralize -ve emotions rapidly.
If not, you will have negative emotions every single day and night.


Always have a backup broker.

One of the biggest obstacles to trading is MIND MANAGEMENT / anger management / mind control.


amibahta
ooooohhhhhhhmmmmmmmmmm .............


Schwab is blocking my bond trades!!

--->

Schwab unintentionally blocked my bond trades.
calm ..... serene ...... peace ..... calm ..... serene ... peace .....
More...

The first statement allows the OP to indulge his naricissitic tendancies.

The PNL/posts ratio is the second lowest on the site (after Quanto).
In this thread he lost $1, and it's not like he even got to ruin a successful trader's life while taking a perfectly useless drunk and making him successful.
 
Cabin1111 said:
A treasure fund can go up and down
More...

U.S. treasury ETFs like SGOV (charts below) only go down when they pay the dividends.
U.S. treasury funds like SNSXX are always priced at 1.00. You receive your deposit back when you sell plus the accumulated dividends (paid monthly).
Principle isn't at risk of dropping in value.
***You'll get slightly more yield buying treasuries directly but less flexible than an ETF/fund.
***Larger drop is always in Dec. because of the way they distribute the dividends at end of year.

sgov.jpg
 
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