Tag Archives: TD Waterhouse
In this month’s visit, I’ll explain how a decent cash reserve can add sparkle to your investment results in 2006. I’ll also introduce you to the highestyielding safe vehicles for your cash, such as FDIC-insured bank accounts that will boost your income over almost any money market fund. For the belt-and-suspenders folks among us, I’ll show you how to buy T-bills (the safest investment on Earth) without ncurring a dime in commissions.
Sounds ominous, doesn’t it? In this case, though, there’s nothing sinister about yesterday’s announcement that Ameritrade (NASDAQ: AMTD) will be taking over discount brokerage TD Waterhouse for $2.9 billion in cash and stock.
As you know if you’ve been with me a while, TD Waterhouse has long been my preferred discount broker.
Often, when I recommend bank CDs, I suspect that subscribers don’t follow through. Even though the yield may be good and the safety unmatched, it’s too much trouble, some folks think, to fill out the paperwork for a new bank account.
If you feel this way, I understand. But there’s an easy alternative.
Have you got an account already with a stockbroker? Your problem may be solved.
Tip the cap to Chris Davis, fearless skipper of Selected American Shares (SLASX), one of my longtime favorite mutual funds. Davis had the guts to face down the fee hogs at Charles Schwab & Co., even though it will undoubtedly cost him some assets under management.