Thanks OP. This is really interesting.

After the 3 months, can I move the money to a TD MM and still qualify for the offer or do the funds have to stay in stock account? Also, after the 3 months, do we have to do anything for nine months to remain "active?"

OLEOLEOLEO said:welookgoodcom said:Also could you put in a sweep therby getting 8%-9% over 9 months(with no risk).

Please tell me where you are getting 8-9% risk free!

Simply.. U get a $500 bonus. That's 5%


Add a 3.5% MM acct and u get about 8.7%

BeerMeNow said:Hmmm...it seems like the $$ will need to be committed for about a year. Three months + to get Apex status, and then 9 more months afterwards. Also, if you hate extra tax work...keep in mind that you will have to track all of your activity (short term gain/losses) on your tax return.maybe if you put the beer down, it won't be so difficult to scratch your ***.

phoebez said:What do they charge you to close the account?
A lot of stock brokers will charge you to close your account.

$50 for regular accounrs.
$25 for IRA accounts.

the best way to keep the 10k in the account would probably be to pick out two high-grade closed end tax-free bond funds with low fees trading at a decent discount. Should yield 5-6% with hardly any risk.

you use the 45 free trades to do 15 trades in day 1. Then you average 5 trades/mth on the first 3 months. On day 2 you shift everything to MM fund. You should actually do 16 trades because you want to buy and sell the same security simultaneously 8 times.

scratch...you buy and sell the same security simultaneously 7 times and you use your 15th trade (still on day one) to buy the MM fund.

I'm confused about the verbage:

"Qualified commission-free Internet equity orders must execute within 45 days of qualifying account funding."

Although this offer comes with free equity orders, you are not limited to equity orders to qualify for Apex and can do bond or ETF orders to qualify? How about t-bills?

Glad I procrastinated, better deal than miles

ETFnerd said:BeerMeNow said:Hmmm...it seems like the $$ will need to be committed for about a year. Three months + to get Apex status, and then 9 more months afterwards. Also, if you hate extra tax work...keep in mind that you will have to track all of your activity (short term gain/losses) on your tax return.maybe if you put the beer down, it won't be so difficult to scratch your ***.Finally, something we agree on

ETFnerd said:you use the 45 free trades to do 15 trades in day 1. Then you average 5 trades/mth on the first 3 months. On day 2 you shift everything to MM fund. You should actually do 16 trades because you want to buy and sell the same security simultaneously 8 times.

scratch...you buy and sell the same security simultaneously 7 times and you use your 15th trade (still on day one) to buy the MM fund.

If you make 1 round trip trades each for 5 consecutive days, you are considered a daytrader. You will be
subject to daytrader rules, which is you need to maintain $25000 account value min. daily, I think.

AbbaZabba said:the best way to keep the 10k in the account would probably be to pick out two high-grade closed end tax-free bond funds with low fees trading at a decent discount. Should yield 5-6% with hardly any risk.

Love CEFs at a discount, really do. But there is a lot more risk than that.

If you need the 10k back I'd stick with short term bond funds - I'm still too SHY to mention which one. Is verrrry liquid though and yielding about 4% - and should be state tax free.