Join Date: Sep 2005
Location: Modesto, CA (90 miles from any real airport)
Programs: SPG Plat (3.2MM LT), Hilton Gold, AA LT Plat (3.2MM), Hertz 5*, US Mint MVP
Posts: 638
Don't see why TD Ameritrade is not a good deal
I opened an account with TD ameritrade on 8/15/06 to get some miles. I put in $25k and immediately bought Airline stocks (AMR, LCC, LUV) with all $25k. On 9/25/06 I sold all my airline stocks now valued at $32k taking a profit of $7k. I subsequently invested in PHK fund which has rewarded me in interest and dividends of over $1000 for the past 4 months. So, while I wait for the last few days of my 6 months to get my other half of my SPG miles (10k) I will have profited over $8k AND got my 20k in miles. Not a bad return on my money and miles. FWIW, after the 6 months I will pull out my money, as I am not an stock market investor (contrary to my success).
Jim