[phil248]

In recently started using Robinhood as an alternative to Ally (formerly TradeKing). Ally provided very little extra value to me in exchange for their transaction fees. And as a buy-and-hold investor, I don't really need much more than limit orders anyway.

What I do still need are better research tools, but my impression is that none of the consumer trading platforms provide anything very impressive on that front.

[geekone → phil248]

thinkorswim might be worth checking out for research/tools/charting/news. I believe it is free without a TD Ameritrade account if you do a "paper money" account. I think the only negative of that is the paper trading account is delayed a bit.

[cheerlessbog → phil248]

If you're a buy and hold investor why does it matter if your occasional transaction costs $10?

[trustfundbaby → cheerlessbog]

Because it's $10 that I could be using to buy actual stock and not gifting it to some broker for basically doing nothing.

[cheerlessbog → trustfundbaby]

I guess to me that $10 is a suggestion that they are competing on execution price instead of transaction fee.

[jldugger → cheerlessbog]

Cuz that's all that's left to optimize. If you've got a spare thousand to shift into brokerage, 10 bucks is a hefty 1 percent fee.

[nyrulez → phil248]

I am trying to make a difference in the problem area you mention. Would something like https://CoinQuanta.com (Alpha version) / https://StockQuanta.com (unreleased) be helpful towards your research needs?

Very curious to know what you're thinking when you think of better research tools

[countryqt30 → phil248]

I'm just starting on Youtube for that exact matter!

99% of American's don't understand the stock market. So I made a video with McKinsey and UBS to explain it in 10 minutes: https://www.youtube.com/watch?v=G6EoPlaPO5c&t=20s