With the Trump boost in full affect and the stock market in record territory I decided it was a prime time to look at my stocks and readjust them. When I first started investing I went with Sharebuilder because they required no minimal starting amount, the trades were relatively cheap ($7.95), they had an easy online interface, and it was a reliable company. A few years ago CapitalOne bought them out along with ING (which was my online checking account) and I haven’t been very happy with them. Money transfers take three days both going in and going out, the website got complicated and has less analytical tools, and the kicker is that they never give me my tax forms until March 1st.
For a long time I have been looking for a new online broker. I discovered Robinhood awhile back which has been a game changer (no trade fees), but I need some more options that Robinhood does not provide. I travel a lot and need more access to my money worldwide. After a bit of research I think I have found that Charles Schwab will meet my needs. They offer a full array of investment services, the online trading fee is $4.95 per trade, and they offer a interest paying (.10%) worldwide (no transaction fees) checking account.
Over the next few months I will be re-balancing my accounts. After selling out on my CapitalOne investment account I netted a real profit. I will set aside for the tax payment and then use the rest of the proceeds to buy other stocks. I think Disney is and Staples is a sell, so I am happy to be out of them right now. Also, I want to limit some of my exposure to oil (I think I was too heavy there). The rest I will be buying back in different amounts.
457K Account: $0
Robinhood Account: $31.72
AGNC (American Capital Agency Corp.) – $5.00
ARTNA (Artesian Resources) – $2.28
EPR – (Entertainment Properties Trust) – $.68
O (Realty Income Corp.) – $3.16
ORC – (Orchid Capital Inc.) – $14.00
PER – (SandRidge Permian Trust) – $3.60
YUM – (Yum Inc.) – $3.00
Sharebuilder Account: $33.77
CNSL – (Consolidated Cable) – $13.47
HAS – (Hasbro Inc.) – $3.72
KMI – (Kinder Morgan Inc.) – $1.66
O – (Realty Income Corp.) – $1.59
ORC – (Orchid Capital Inc.) – $13.33
Total From All Sources: $65.49
Added shares of the following companies:
WTR, ORC, FTR, AI, AGNC, O, EPR, and FUN
Sold shares of the following company:
CSAL, CIM, CNSL, FTR, LUV, CMCSA, GE, O, DIS, WM, WIN, UL, FUN, KMI, ORC, HAS, SPLS, SNV, FPI, BRKB