25k MP with fidelity
Feb 6, 2004 | 12:55 pm
#16
Join Date: Dec 2001
Location: Tropical Southern MN
Programs: HH Silver
Posts: 98
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by cartmanqb:
I know it says it's for new customers only, but if we're already Fidelity customers, do you think we can still get it?</font>
I know it says it's for new customers only, but if we're already Fidelity customers, do you think we can still get it?</font>
Feb 6, 2004 | 6:20 pm
#17
Join Date: Jan 2004
Location: SFO, SJC, OAK, LVK AA Lifetime Plat 2MM, LUV A-List, Hyatt Gold, SPG Lifetime Gold, Commercial Pilot (not employed by airlines)
Posts: 1,531
Doesn't Fidelity charge loads on its fund? If so, doesn't this equate to paying for miles if you can get into better performing funds in no-load fund families?
Feb 6, 2004 | 7:40 pm
#18
Join Date: Dec 2001
Location: Tropical Southern MN
Programs: HH Silver
Posts: 98
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by pushback:
Doesn't Fidelity charge loads on its fund? If so, doesn't this equate to paying for miles if you can get into better performing funds in no-load fund families?</font>
Doesn't Fidelity charge loads on its fund? If so, doesn't this equate to paying for miles if you can get into better performing funds in no-load fund families?</font>
Feb 17, 2004 | 8:18 pm
#20
Join Date: Apr 2003
Location: N. Virginia
Posts: 294
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by best:
Just a technical question: does it seem that you cannot open this Fidelity promo account on their website, but must do it on the phone? Have you find way to open on web?</font>
Just a technical question: does it seem that you cannot open this Fidelity promo account on their website, but must do it on the phone? Have you find way to open on web?</font>
You have to phone and they send you a kit with app (strangely, with no mention in the kit of the MP promotion--ergo, keep copies of your correspondence).
It's a pretty good deal if you have 10K or more to park in a MM fund for six months (acount must remain open with minimum funding for six months). In reading the Commission & Fee Scehdule, there is no maintenance fee if you elect to receive statements by e-mail.
Feb 18, 2004 | 12:06 pm
#21
A FlyerTalk Posting Legend
Join Date: Feb 2001
Location: Berkeley, CA USA
Programs: Piggly Wiggly "Shop the Pig!" Preferred Shopper
Posts: 60,677
Thanks very much for posting this. I have some money that has had quite a journey in the last few years. These bucks have visited (six months at a time) the following financial institutions, all of whom provided a mileage shower:
1) E*Trade
2) TD Waterhouse
3) Ameritrade
4) Chase Manhattan
..and now...
5) Fidelity
Thanks to these kind folks, my family has been flying in first since the late 90s.
1) E*Trade
2) TD Waterhouse
3) Ameritrade
4) Chase Manhattan
..and now...
5) Fidelity
Thanks to these kind folks, my family has been flying in first since the late 90s.
Feb 21, 2004 | 12:20 pm
#24
Join Date: Aug 2001
Posts: 1,362
Looking at the above charts, it appears that $50,000 in Fidelity is more attractive than $50,000 in Ameritrade because the Fidelity fees are lower. True? What about other hidden costs and duration of keeping the account open?
Also, it looks like the Starwood Ameritrade is the most attractive. I can put earn 20,000 *wood points for $25,000 and convert the points to 25,000 miles. I can put another $25,000 into my husband's Starwood account and earn another 20,000 points (i.e. another 25,000 miles.) Thus, with $50,000, we can earn 50,000 miles combined.
Am I computing things correctly or am I missing something about the Starwood Ameritrade offer?
Also, it looks like the Starwood Ameritrade is the most attractive. I can put earn 20,000 *wood points for $25,000 and convert the points to 25,000 miles. I can put another $25,000 into my husband's Starwood account and earn another 20,000 points (i.e. another 25,000 miles.) Thus, with $50,000, we can earn 50,000 miles combined.
Am I computing things correctly or am I missing something about the Starwood Ameritrade offer?
Feb 21, 2004 | 12:50 pm
#25
Join Date: Jan 2000
Posts: 3,218
Personally, I don't know why anyone with a modest level of financial planning understanding would want to go with Fidelity over Ameritrade (and why this thread is in MilesBuzz...).
Fidelity's trading commissions are higher and the bonus miles "cost" more than at Ameritrade. Ameritrade does charge for paper trade confirmations though (electronic ones are free). Not sure what Fidelity does in this regard. Also, Ameritrade doesn't do a good job with providing your real time account balance (although for most folks this isn't an issue).
Fidelity's trading commissions are higher and the bonus miles "cost" more than at Ameritrade. Ameritrade does charge for paper trade confirmations though (electronic ones are free). Not sure what Fidelity does in this regard. Also, Ameritrade doesn't do a good job with providing your real time account balance (although for most folks this isn't an issue).
Feb 21, 2004 | 1:43 pm
#26
Join Date: Apr 2000
Posts: 746
I think there may be a 1 per household restriction.
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by bamboola:
Also, it looks like the Starwood Ameritrade is the most attractive. I can put earn 20,000 *wood points for $25,000 and convert the points to 25,000 miles. I can put another $25,000 into my husband's Starwood account and earn another 20,000 points (i.e. another 25,000 miles.) Thus, with $50,000, we can earn 50,000 miles combined.
Am I computing things correctly or am I missing something about the Starwood Ameritrade offer?</font>
Also, it looks like the Starwood Ameritrade is the most attractive. I can put earn 20,000 *wood points for $25,000 and convert the points to 25,000 miles. I can put another $25,000 into my husband's Starwood account and earn another 20,000 points (i.e. another 25,000 miles.) Thus, with $50,000, we can earn 50,000 miles combined.
Am I computing things correctly or am I missing something about the Starwood Ameritrade offer?</font>
Feb 21, 2004 | 1:45 pm
#27
Join Date: Apr 2000
Posts: 746
I think if you mostly trade mutual funds, then Fidelity may be to your advantage. Otherwise, if you try to purchase funds on Ameritrade, you're limiting yourself only to no-load funds unless you're willing to pay the extra fees.
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by fallinasleep:
Personally, I don't know why anyone with a modest level of financial planning understanding would want to go with Fidelity over Ameritrade (and why this thread is in MilesBuzz...).</font>
Personally, I don't know why anyone with a modest level of financial planning understanding would want to go with Fidelity over Ameritrade (and why this thread is in MilesBuzz...).</font>
Feb 21, 2004 | 8:09 pm
#30
Join Date: Jan 2000
Posts: 3,218
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by drjhwang:
I think if you mostly trade mutual funds, then Fidelity may be to your advantage. Otherwise, if you try to purchase funds on Ameritrade, you're limiting yourself only to no-load funds unless you're willing to pay the extra fees.
</font>
I think if you mostly trade mutual funds, then Fidelity may be to your advantage. Otherwise, if you try to purchase funds on Ameritrade, you're limiting yourself only to no-load funds unless you're willing to pay the extra fees.
</font>