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ComputerShare v Vanguard Acct v Scotttrade
Posted on 6/27/16 at 4:03 pm
Posted on 6/27/16 at 4:03 pm
Looking to start buying individual stocks and mutual funds. What are the advantages to buying stocks thru Computershare as opposed to buying stocks thru Vanguard which I already have an account with?
4
Posted on 6/27/16 at 5:06 pm to ThatsAFactJack
Scottrade is good customer service in my experience and $6.95 trades
Posted on 6/27/16 at 5:10 pm to Jimmy2shoes
I used Scottrade for a while. Always had good customer service, inexpensive trade fees, and I like the online interface. It's very easy to navigate.
Switched over to Schwab recently and the customer service is good, but I hate their online set-up... too clunky compared to Scottrade.
Switched over to Schwab recently and the customer service is good, but I hate their online set-up... too clunky compared to Scottrade.
Posted on 6/27/16 at 5:56 pm to ThatsAFactJack
Good luck trying to get a hold of anyone at computer share
Posted on 6/28/16 at 8:30 am to Shepherd88
I've always used Scottrade... No issues
Posted on 6/28/16 at 9:47 am to ThatsAFactJack
quote:NONE, NONE, NONE, NONE, NONE. It is the SHITTIEST website in the history of the internet.
What are the advantages to buying stocks thru Computershare
Stay FARRRR AWAY. The brokerage operates as if it were still 1998, and the fees to sell and usually to buy are ridiculously unnecessary.
Posted on 6/28/16 at 7:32 pm to bayoubengals88
quote:
Good luck trying to get a hold of anyone at computer share
Worst customer service ever. Outsourced from India.
Posted on 6/28/16 at 10:02 pm to bayoubengals88
I do a monthly buy via Computershare with XOM to dollar cost average with no fees. Also had an employee stock account through them. Haven't ever had to really contact anyone there though.
Is there a better website or provider to buy stock direct with fees I need to be looking at?
Is there a better website or provider to buy stock direct with fees I need to be looking at?
Posted on 6/29/16 at 7:28 am to 704Reb
Computershare isn't bad for XOM, but like others have said, their costumer service is the worst. I had NO confidence that they would actually do what was requested...and the extra fees for purchasing Ford sucked.
There's always Robinhood, but it's a bit different.
There's always Robinhood, but it's a bit different.
Posted on 6/29/16 at 10:15 am to 704Reb
quote:
I do a monthly buy via Computershare with XOM to dollar cost average with no fees.
I do the same for XOM, CVX and CAT. Other than the automatic buys every month, I've never made any other transactions with them. Is it difficult to place a sell order? That's my only real concern.
Posted on 6/29/16 at 10:52 am to Douboy
quote:You'll get a check, yes a physical check, in the mail about THREE weeks later.
Is it difficult to place a sell order?
And the fee will probably be tremendous.
Posted on 6/29/16 at 10:57 pm to bayoubengals88
How is the fee structured? Their website does suck so not wanting to peruse on my phone right now. Any insight is appreciated
Posted on 6/30/16 at 12:16 am to 704Reb
I believe it's different for every company.
XOM probably has the lowest. But yeah, their website is atrocious. Everything about the company brings us back to 1997
XOM probably has the lowest. But yeah, their website is atrocious. Everything about the company brings us back to 1997
Posted on 6/30/16 at 8:24 am to ThatsAFactJack
quote:
ComputerShare v Vanguard Acct v Scotttrade
i have no experience with Computershare, but I'll shed a little light on Vangaurd and Scottrade. I have an account with both.
Vanguard - They give you 25 trades at $7, then they jump to $20 per trade unless you have $50k invested in their funds and ETFs. Interface isn't great, but they do offer no-fee, no-commission dividend reinvestment program for many stocks.
Scottrade - Much better interface than Vanguard for the brokerage account which makes it easier to research. Trades are always around $7. They have their own breed of dividend reinvestment called 'FRIP' (Flexible Reinvestment Program). They basically pool your dividends into an account and you select up to 5 stocks they will purchase commission free. FRIP isn't nearly as nice as a DRIP. With FRIP, they only purchase whole shares. Plus you may have 30 dividend paying stocks, but you can only choose 5 for scottrade to purchase with frip. It is very clunky b/c you assign a % to each of your stocks. This has many too negatives to list.I guess it is better than nothing which is what they use to offer.
With all that said, I'd suggest scottrade based on my experience. They just updated the website and interface and it seems pretty slick so far. To me the only downside to scottrade is the FRIP. However, when I opened my account, they didn't even have that. I mainly use vanguard for some of their funds. I use their brokerage account only when I buy a long term hold that I want the dividends reinvested like MO, KO, etc
Posted on 6/30/16 at 8:37 am to 704Reb
quote:That's what my company uses too and the website in general is pretty terrible. Looks like a 2001 website.
Also had an employee stock account through them
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