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Donotprodme t1_je2c7i3 wrote

As someone who has basically all my money in schwab, schwab can't possibly be in trouble.... imgimgimg

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LiteratureFlimsy3637 t1_je2e1l5 wrote

I'm with you on that one. Tdameritrade.

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SciencyWords t1_je321zc wrote

I miss ScottTrade

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Bspy10700 t1_je58hx3 wrote

Isn’t Schwab buying tdameritrade

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LiteratureFlimsy3637 t1_je58q2f wrote

They already did a few years ago. I assume I fall under the Schwab umbrella even though everything is still under tdameritrade.

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Bspy10700 t1_je59rwc wrote

Ah okay I was gonna say the think or swim app is changing to Schwab or something soon probably offer the same thing just different advertised name I’m thinking.

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dont_say_hate t1_je6rha3 wrote

Former Scott trade now TD ameritrade account holder here. I just got an email last week that everything will transition over to Schwab over the Memorial Day weekend.

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SuddenOutset t1_je2pw3w wrote

It’s not. It’s fine.

AOCI is accumulated other comprehensive income. It’s where mark to market losses go. The bonds they hold to earn revenue from are low yielding so when you adjust their value to market, it’s less.

If they classify them as they’ll hold them to maturity then no loss reporting required.

Quite a dumb differentiation that has to be reported and for some reason people think is an important piece of information.

Schwab isn’t over leveraged, doesn’t have any connected big groups like Silicon Valley did, and only earns half its revenue (not income) from traditional bank activities.

At worst, if people did move their investment accounts out of Schwab en masse, then Schwab would just make less money.

Investment accounts aren’t handled like banking with fractional reserves. So any bank run won’t lead to the bank failing. For deposit side, with fed liquidity door open there is no issue in providing people their money.

Risk of failure is zero.

Risk of lower profits is existent.

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OverlyAverageJoe t1_je301dy wrote

I was swapped to schwab by usaa after they shuttered their investment banking segment. Fairly sure the government will step in and keep schwab going, considering how many past military families got forced to use them.

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Donotprodme t1_je37v2q wrote

Government save veterans? gifgifgif

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redHg81 t1_je3etmx wrote

I agree that is perhaps one of the dumbest things I’ve heard in a while. <1% of the population knows someone who served in the military = zero political pressure to not completely screw these unfortunate souls (myself included). Schwab would simply make less money if all deposits were withdrawn.

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OptionsKing--CFTC OP t1_je2nyju wrote

You're money are in blown up shitty ass US treasury bonds selling at discount yielding a 1% return lol.

Translation:

You're poor now, congrats.

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Donotprodme t1_je2q2lp wrote

Aggressive....

actually the sweep on my account is into mm yielding 4.5%. This and other schwab funds would likely have problems in the event of inadequate liquidity. But no, my money is not in Schwab savings or checking...

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