Author Topic: e-Trade / Schwab Funds - orders did not process yesterday?  (Read 197 times)

dandarc

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e-Trade / Schwab Funds - orders did not process yesterday?
« on: March 17, 2020, 06:47:57 AM »
So I re-balanced yesterday. Vanguard went through no problem, but my soloK is at eTrade and has quite a bit more money in it than I have at Vanguard. But e-Trade doesn't seem to have processed any of my SWAGX to SWISX / SWTSX exchange orders. Put them in at 9:25 yesterday morning. Was showing "you'll have to pay a fee", so I did the "select lots" version of the trade.

Anyone else seeing this? Not that big of a deal I guess - was only about 3% of the account.

cool7hand

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Re: e-Trade / Schwab Funds - orders did not process yesterday?
« Reply #1 on: March 17, 2020, 08:19:42 AM »
We rebalanced yesterday at Schwab without a problem.

dandarc

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Re: e-Trade / Schwab Funds - orders did not process yesterday?
« Reply #2 on: March 17, 2020, 08:20:51 AM »
eTrade says "can take 1-3 days for mutual fund trade confirmations to come in". We'll see what happens.

dandarc

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Re: e-Trade / Schwab Funds - orders did not process yesterday?
« Reply #3 on: March 17, 2020, 08:26:52 AM »
And once things settle down, this might be the thing that finally gets me to move the 401K over to Vanguard.

Back in the day - about 9 years ago, eTrade was one of a handful that had a Roth option, so I went there. And Vanguard only allowed investor shares at that time. Plus I was 9 years more stupid. I was looking at moving it over a few years ago when I noticed they had added those good Schwab funds to the NTF list - so I stayed with eTrade and moved everything to the Schwab funds.

May be time to revisit consolidating those over to Vanguard again.