Ameritrade Offer
Sep 26, 2005 | 12:34 pm
#46
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Originally Posted by netsurferrr
I see. Here´s another question. In the situation mentioned above, the fund company liquidated the fund at par and the customers got their full account balance the day the fund was liquidated back, right?
If you want even more safety than a normal MMF, you can buy funds that invest exclusively in U.S. goverment obligations. The yields are ususally slightly lower for these.
Sep 26, 2005 | 5:19 pm
#47
Join Date: Aug 2005
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Originally Posted by sdflyer04
1. Did you use the same SPG number for both accounts?
2. Obviously, you used the same social security number for your account and this new joint account?
SDFLYER
2. Yes. I was the primary person for the joint account.
Last edited by MoCheex; Sep 26, 2005 at 5:23 pm
Sep 26, 2005 | 7:27 pm
#48
Join Date: Mar 2004
Posts: 502
Difference between UAL and SPG offers?
Originally Posted by MoCheex
1. I got United miles and used the same MP # on both accounts. I do not believe this offer (an individual and joint account) is valid for SPG points.
2. Yes. I was the primary person for the joint account.
2. Yes. I was the primary person for the joint account.
Sep 26, 2005 | 11:17 pm
#49
Join Date: Aug 2005
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I think the difference is that United has targeted people that already have accounts to open additional accounts whereas SPG has only offered it to 1st time customers. If you really want the SPG points, open an account in the name of someone that lives at your address (SO or otherwise) and then transfer the SPG points into your SPG account. That is what I did for more SPG points.
Originally Posted by sdflyer04
Thanks MoCheex. What is the difference between the UAL and SPG offers that makes one OK for individual and joint account and the other not?
Oct 18, 2005 | 3:18 pm
#52
Join Date: Aug 2004
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HI all - I am so ready to open the ameritrade account -- couple of items to confirm please:
1. if i do the $10k opening - can i put in $8k cash and transfer $2k in stocks?
2. if the value of $10k goes below due to dip in stocks, then I am not penalized?
3. if I put in the 10k but do not want to buy stocks, can I buy MM funds or just leave it sit there?
Thanks!
Allen
1. if i do the $10k opening - can i put in $8k cash and transfer $2k in stocks?
2. if the value of $10k goes below due to dip in stocks, then I am not penalized?
3. if I put in the 10k but do not want to buy stocks, can I buy MM funds or just leave it sit there?
Thanks!
Allen
Oct 18, 2005 | 3:25 pm
#53
Join Date: May 2003
Posts: 6,417
Originally Posted by allen074
HI all - I am so ready to open the ameritrade account -- couple of items to confirm please:
1. if i do the $10k opening - can i put in $8k cash and transfer $2k in stocks?
2. if the value of $10k goes below due to dip in stocks, then I am not penalized?
3. if I put in the 10k but do not want to buy stocks, can I buy MM funds or just leave it sit there?
Thanks!
Allen
1. if i do the $10k opening - can i put in $8k cash and transfer $2k in stocks?
2. if the value of $10k goes below due to dip in stocks, then I am not penalized?
3. if I put in the 10k but do not want to buy stocks, can I buy MM funds or just leave it sit there?
Thanks!
Allen
2. Yes, no problem if your account goes below $10K as long as at least 10K was originally put it.
3. Yes, both of these can be done. There is actually a MM fund that you can sign up for right off the bat. If you have unused $$$ in your account, it will automatically sweep to this MM fund daily. I think the MM fund currently pays ~3% interest.
Oct 18, 2005 | 3:30 pm
#54
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Originally Posted by gregorygrady
1. Yes
2. Yes, no problem if your account goes below $10K as long as at least 10K was originally put it.
3. Yes, both of these can be done. There is actually a MM fund that you can sign up for right off the bat. If you have unused $$$ in your account, it will automatically sweep to this MM fund daily. I think the MM fund currently pays ~3% interest.
2. Yes, no problem if your account goes below $10K as long as at least 10K was originally put it.
3. Yes, both of these can be done. There is actually a MM fund that you can sign up for right off the bat. If you have unused $$$ in your account, it will automatically sweep to this MM fund daily. I think the MM fund currently pays ~3% interest.
thanks
Oct 18, 2005 | 3:38 pm
#55
Join Date: May 2003
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Originally Posted by gregorygrady
3. Yes, both of these can be done. There is actually a MM fund that you can sign up for right off the bat. If you have unused $$$ in your account, it will automatically sweep to this MM fund daily. I think the MM fund currently pays ~3% interest.
I decided to transfer all unused cash out of Ameritrade until it was needed for future purchases.
Oct 18, 2005 | 3:39 pm
#56
Join Date: May 2003
Posts: 6,417
Originally Posted by allen074
just one last confirmation because im a wacko - when i call ameritrade - both times they said that the $10k must remain for 9 months or pay the worth of the points... are you saying you dont need the 10k?
thanks
thanks
Oct 18, 2005 | 3:46 pm
#57
Join Date: May 2003
Posts: 6,417
Originally Posted by ExitRowAisle
My cash never earned interest, and when I called to find out what could be done, they referred me to some product whose application was not readily available on their website.
Oct 18, 2005 | 4:06 pm
#58
Join Date: May 2003
Programs: AA (1MM), Marriott (LT Gold)
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Originally Posted by gregorygrady
This is the product that I was referring to. It is available to sign up for when you initially sign up for your account. Otherwise, like you say, it is impossible to find information for it on the Ameritrade website. However if you call them up you can get an application for it faxed to you. I have done both of the above for my various Ameritrade accounts since I can not sit idely (sp?) by while my cash earns 0.1% interest when it should be making at least 3%.
Oct 18, 2005 | 4:35 pm
#59
formerly known as daveland
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You CAN sweep with Ameritrade. Call and ask about it. They call it a Total Asset Plan (TAP) which is confusing but ALL you are doing is selecting a MM fund. Pick the Prime. It's somewhere between 2 and 3% now. Much better than .1%. No fees involved.
Oct 18, 2005 | 10:29 pm
#60
Join Date: May 2003
Programs: AA (1MM), Marriott (LT Gold)
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Originally Posted by daveland
You CAN sweep with Ameritrade. Call and ask about it. They call it a Total Asset Plan (TAP) which is confusing but ALL you are doing is selecting a MM fund. Pick the Prime. It's somewhere between 2 and 3% now. Much better than .1%. No fees involved.
By the way, I checked the copy of my original application, and there is no mention of this service. Bottom line -- it shouldn't be this hard to set up a cash sweep for a brokerage account! The service should be automatic, and the only decision should be what investment vehicle you want to use to park your cash (e.g., taxable mm, tax-free mm, etc.).