i was a schwabette in 1986. they filmed it in training dept on 17th floor 101 montgomery st SF ("chuck" worked on 27th floor) . he had older lady phone operators, like henrietta, who professed her love for him in the new hire orientation video i set up on mondays. we were an odd bunch, but the next year a team bought back schwab from Bof A, went public, market crash, massive layoffs, got "corporate" with competitive middle managers ... big earthquake in 1989, call centers + office expansion...
@CountNomis ... Well now, any brokerage has the right to do that under certain circumstances. In fact, when you sign up for a margin account you give them that right in the event that your margin equity percentage falls below a certain limit. So let's establish first of all, since you seem to speaking from experience, were the stocks they liquidated in a cash account or a margin account?
@imjustpassinthru ... Okay, second question. You mention "sell off your stocks." Do you actually mean stocks that you own, or could you be talking about a short position? Brokerages, if I'm not mistaken, have a right to close out a short postion with or without your permission even if the underlying security is trading within margin maintenance limits.
OK, guys, listen up. Although Schwab states that they will not sell your stocks without your consent, they do it all the time. They certainly did it to me and I lost all of my investment, to the tune of $41K! Invest there at your own risk.
I am a satsified Charles Schwab customer, their customer service is excellent. Love the 3-4% on investor checking too.
I saw an ad one time by some discount brokerage, I forget who...they were knocking e trade saying something like : "The market is volatile, your brokerage does not need to be"
Schwab is a classic all-american story. Read his books and learn more before you invest. His books may prevent from pushing a shopping cart around for bottles and cans and working at a McDonalds at 70 yrs old.
In 2007, Schwab pays a one-time dollar dividend to his dedicated shareholders. Prior to that, it's stock had split eight times since this commercial aired. So what did other firms do in 2007? Glad you asked:
1. E*Trade got it's ass cleaned from the subprime and they're begging for Schwab to buy them out.
2. Merrill, Citigroup and other banks got theirs handed to them too. Need I say more on this?
i was a schwabette in 1986. they filmed it in training dept on 17th floor 101 montgomery st SF ("chuck" worked on 27th floor) . he had older lady phone operators, like henrietta, who professed her love for him in the new hire orientation video i set up on mondays. we were an odd bunch, but the next year a team bought back schwab from Bof A, went public, market crash, massive layoffs, got "corporate" with competitive middle managers ... big earthquake in 1989, call centers + office expansion...
modmom 11 months ago
Charles Schwab will sell off your stocks without your permission. Do not invest with them. You've been warned!
CountNomis 1 year ago
@CountNomis ... Well now, any brokerage has the right to do that under certain circumstances. In fact, when you sign up for a margin account you give them that right in the event that your margin equity percentage falls below a certain limit. So let's establish first of all, since you seem to speaking from experience, were the stocks they liquidated in a cash account or a margin account?
imjustpassinthru 1 year ago
@imjustpassinthru Everybody I tell this too assumes that it had to do with margin calls. IT HAD NOTHING TO DO WITH MARGIN CALLS!!!
CountNomis 1 year ago
@imjustpassinthru ... Okay, second question. You mention "sell off your stocks." Do you actually mean stocks that you own, or could you be talking about a short position? Brokerages, if I'm not mistaken, have a right to close out a short postion with or without your permission even if the underlying security is trading within margin maintenance limits.
imjustpassinthru 1 year ago
This has been flagged as spam show
OK, guys, listen up. Although Schwab states that they will not sell your stocks without your consent, they do it all the time. They certainly did it to me and I lost all of my investment, to the tune of $41K! Invest there at your own risk.
CountNomis 1 year ago
my buddie use to bone his daughter and fly around on private jets
rodthepimp 2 years ago
Why has no one else commented on the pocket protector
studtrain79 2 years ago
Oh shit this guy is a billionaire now.
Flyaaaa 2 years ago
jesus blessed him
at least sombody made a billion
southbobby 2 years ago
Im charles Shawb donald trump has a better Toupee than me
KingDT2007 3 years ago
omg omg omg omg omg .....CHARLES SCHWAB.
JoshHutchersonRoxz97 3 years ago
Great comments.
I am a satsified Charles Schwab customer, their customer service is excellent. Love the 3-4% on investor checking too.
I saw an ad one time by some discount brokerage, I forget who...they were knocking e trade saying something like : "The market is volatile, your brokerage does not need to be"
tbdeawh 3 years ago
Schwab is a classic all-american story. Read his books and learn more before you invest. His books may prevent from pushing a shopping cart around for bottles and cans and working at a McDonalds at 70 yrs old.
spicyone789 4 years ago
In 2007, Schwab pays a one-time dollar dividend to his dedicated shareholders. Prior to that, it's stock had split eight times since this commercial aired. So what did other firms do in 2007? Glad you asked:
1. E*Trade got it's ass cleaned from the subprime and they're begging for Schwab to buy them out.
2. Merrill, Citigroup and other banks got theirs handed to them too. Need I say more on this?
spicyone789 4 years ago
This commercial is a classic. It made Merrill and others either shiver in theirs boots and laugh. It's 2008 and who's having the last laugh.
spicyone789 4 years ago
nice.better than those rotoscoped ads.not creepy.
BarWalkInc 4 years ago