Within 24 hours after Charles Schwab (SCHW) and TD Ameritrade (AMTD) announced they were eliminating commissions for stock trades, E-Trade (ETFC) jumped into the fray in an all-out effort to get your business.
Isn’t that special?
These magnanimous Wall Street giants are pulling a Bernie Sanders by offering you “Freebies” as a way of buying your confidence.
LMAO!
Ironically (or NOT) all three stocks are getting creamed to the tune of -12.4% (SCHW), -18.5% (ETFC), and -27.9% (AMTD).
They want you to think you can trade like a pro for free when, in fact, no one – I repeat – NO ONE on Wall Street works for free.
This is reminiscent of the old P.T. Barnum quote, “There’s a sucker born every minute,” because the “Club” members know how the sheeple fall for this kind of crap.
They get on their sanctimonious hypocrisy soap boxes preaching how they’re working to help the “little guy” think that he’s one of the boyz when if fact it’s just another way for them to pick your pockets.
It’s like Bernie and Fauxahontas threatening to neuter capitalism on your behalf by giving you everything for free.
Ironically (or NOT) they’re being paid off by the same banksters they complain about.
So, if you think by getting free trading from a Wall Street firm will help you prosper, think again.
YOU ARE DELUSIONAL…and will soon FEEL THE BERN.
At Financial$Matter, we’re the first to admit how corrupt the system is. AND we constantly make a point of showing you how things really work behind the curtain.
At the same time, we’ve written numerous articles like “How to find a financial advisor that’s right for you” to keep you from getting shredded by the sharks.
Read some of the articles (HERE).
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