Author Topic: Any opinions on Etrade?  (Read 2641 times)

DragonSlayer

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Any opinions on Etrade?
« on: January 26, 2018, 05:02:36 PM »
Just not notice that Capital One Investing (used to be Sharebuilder) is selling off to Etrade later this year and our accounts will be transferred. Is Etrade decent (fees, customer service, etc.) or should I proactively move to someplace else? Thanks for any insights!

WhiteTrashCash

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Re: Any opinions on Etrade?
« Reply #1 on: January 26, 2018, 05:15:44 PM »
You should transfer all your business to Vanguard. Their fees are ridiculously low and their funds are vastly superior to everybody else's. Plus as an investor you become part-owner of the company.

Gatzbie

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Re: Any opinions on Etrade?
« Reply #2 on: January 26, 2018, 10:47:35 PM »
I highly recommend Vanguard. They charge very very small fees and they are only to cover costs of operation-not to profit. With Vanguard, there are no outside owners looking to profit off of you through high fees or by other means. Vanguard's business model is literally designed to serve your best interests.

« Last Edit: January 26, 2018, 11:00:15 PM by Gatzbie »

DragonSlayer

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Re: Any opinions on Etrade?
« Reply #3 on: January 27, 2018, 07:44:56 AM »
Do they (Vanguard) have an automatic investment program where you decide how much per month to invest and it draws it from another account without you having to do anything more? I assume they must, but I'm not seeing that on their website pages I can view as a non-account holder.

Indexer

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Re: Any opinions on Etrade?
« Reply #4 on: January 27, 2018, 08:31:19 AM »
Do they (Vanguard) have an automatic investment program where you decide how much per month to invest and it draws it from another account without you having to do anything more? I assume they must, but I'm not seeing that on their website pages I can view as a non-account holder.

Yes they have that.

Aunt Petunia

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Re: Any opinions on Etrade?
« Reply #5 on: January 27, 2018, 09:53:05 AM »
What is in your Capital One account? If you have ETFs then you can transfer to Vanguard "in kind" to postpone the capital gains. Vanguard does charge a $7 commission to sell non-Vanguard funds, but it may be worth it to get out of high expense ratios. Or you can just leave them in your Vanguard account.

If you have a bunch of individual stocks you should probably sell before transferring. If capital one charges commissions you could transfer the account to Robin Hood, sell the shares for free, then transfer the cash to Vanguard and buy VTSAX. Robin Hood doesn't accept partial shares and some foreign stocks though, so you will have to sell those prior to transferring.

DragonSlayer

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Re: Any opinions on Etrade?
« Reply #6 on: January 27, 2018, 10:57:24 AM »
What is in your Capital One account? If you have ETFs then you can transfer to Vanguard "in kind" to postpone the capital gains. Vanguard does charge a $7 commission to sell non-Vanguard funds, but it may be worth it to get out of high expense ratios. Or you can just leave them in your Vanguard account.

If you have a bunch of individual stocks you should probably sell before transferring. If capital one charges commissions you could transfer the account to Robin Hood, sell the shares for free, then transfer the cash to Vanguard and buy VTSAX. Robin Hood doesn't accept partial shares and some foreign stocks though, so you will have to sell those prior to transferring.

It's almost all ETF's. Some Russell, Vanguard, Spyder. There's only one individual stock in there. 

COEE

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Re: Any opinions on Etrade?
« Reply #7 on: January 27, 2018, 12:35:44 PM »
I have a little bit in etrade.  I haven't been too pleased with them, honestly.  I'm not giving them any more money - that's for sure.  I'd move it to Schwab - they are the best when it comes to this type of stuff. 

Vanguard is nice for the reasons people have stated, but good luck getting a hold of them when you have a question - which is always on a Saturday, Sunday, or after 10pm eastern.  Schwab offers very low cost index funds and ETF's but with excellent customer service (nearly 24-7).

Fidelity is another popular place to invest amongst the low-cost index fund crowd.

smallstache

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Re: Any opinions on Etrade?
« Reply #8 on: January 28, 2018, 06:11:12 AM »
What is in your Capital One account? If you have ETFs then you can transfer to Vanguard "in kind" to postpone the capital gains. Vanguard does charge a $7 commission to sell non-Vanguard funds, but it may be worth it to get out of high expense ratios. Or you can just leave them in your Vanguard account.

If you have a bunch of individual stocks you should probably sell before transferring. If capital one charges commissions you could transfer the account to Robin Hood, sell the shares for free, then transfer the cash to Vanguard and buy VTSAX. Robin Hood doesn't accept partial shares and some foreign stocks though, so you will have to sell those prior to transferring.

There is no reason to do this.  Stocks transfer to VG just fine.

Mighty-Dollar

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Re: Any opinions on Etrade?
« Reply #9 on: January 29, 2018, 12:11:15 AM »
I like E Trade. I've been with them for about 20 years. I like the fact that they give you a password token that changes every 3 minutes or so You add the 6 generated digits to your existing password. No worries about my account being hacked.

yachi

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Re: Any opinions on Etrade?
« Reply #10 on: January 29, 2018, 06:59:37 AM »
I used to use Sharebuilder (this is the brokerage Capital bought that they're now selling).  I'm now using Etrade.  They seem cheap enough although I only have individual stocks and options in them.  I use Vanguard for Roth IRAs and Rollover IRAs.  They are great for low-cost funds. 
I had to do a Medallion Signature guarantee to leave Sharebuilder when I did and it was a royal pain.  If capital One still requires a Medallion Signature guarantee, you should wait until the transfer to Etrade is complete before you switch brokerages.