So, I called Schwab to ask for a commission reduction. Since I trade frequently, I'm getting killed on this, and am about to switch to IB. But I'd heard Schwab will give you a reduction if you ask.
The guy who they eventually connected me to, sounded a bit like I'd woken him up, said, "How much do you want to pay?"
What? How much do I... well, zero. That's how much I want to pay.
I thought he'd say something like, "I see you're a frequent trader, and have X dollars with us, so we can give you Y commission reduction."
I said that since the structure was different, I wasn't sure. He kept waiting for me to name a price.
I'm bewildered. It's the sort of thing I'd expect on a used car lot. "How much you think it's worth?" It made me feel he was being dishonest on some level, using information asymmetry. Clearly, there's a fair price, and he has it in mind, but he's trying to see how much I'll pay?
Any thoughts or help on this?
Submitted September 23, 2018 at 01:07AM by runinon https://ift.tt/2QPGXbf
