tpWinthropeIII

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tpWinthropeIII ,

I understood that TDA accounts with API would continue to work. Did yours stop working?

I delayed moving an account to TDA with API because I wanted to wait for the first to settle.

tpWinthropeIII ,

Yes but I’ve read that Schwab will have its own API. I read that within the last two months. I’ve also been told as much by a rep, with disclaimers of course. That was a year ago.

Either way, I expect schwab to have an API. Why else buy TD?

tpWinthropeIII ,

Interactive Brokers is also my next choice. Although, beware that you have to install Java runtime from Oracle in order to be able to log in to they servers. Java runtime environment has seen many beaches of security in the past, particularly the Internet was still in adolescence. Oracle claims to have solved those but this needs to be verified.

I’m waiting for Schwab mainly because, as it turns out, there is magic there. Namely, our assets are protected from online fraud. I’m sure there are limits to that protection. And that protection has applied to their normal online accounts. Will it apply to API accounts? We will have to reread the fine print when it’s final.

tpWinthropeIII ,

Take the free ones. Ignore the discounted ones, don’t buy them.

There is too much concentration in your livelihood when you invest in your employer. For example, and I know too many examples of this, if your employer starts doing badly, you can not only lose your job, but they might move out of town leaving your home in a state where you may need to sell it in a depressed market. Often the shares you would have invested in the company are worth too little to sell. Your assets, your job, your home, all take a hit at the same crazy time. Not worth it.

Instead, invest in broad-market index funds. Go to Bogleheads where they discuss this and ask there.If you like momentum, arguably the greatest investor that has ever lived, Warren Buffett recommends a split between 90% SPY or IVV (S&P500) and 10% cash. The S&P500 is something like a momentum fund of the top winners of the US economy, and constantly changing.

Your employer is only trying to tie you down and have real skin in the game so that you’ll work harder. Ignore the tendency.

Best of luck.

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