April 10th, 2007

scottrade, wow

I finally opened up my Scottrade account. Wow, the registration process blows chunks. They give you your account number once during the registration process ... no emails, nothing. So when the Scotttrade verification deposits hit my bank, I had no way of finding out what my account # was ... and of course, there's absolutely no way to retrieve your account credentials if you don't know them.

Look at the site! There's no "Forgot your password?" or "Forgot your account #?" link! I had to call them up to get it - man they sounded annoyed.

Anyways, I put in my first deposit over there and I'll be happy to start trading from there. As I close out my Fidelity positions, I'll shift more money over to the Scottrade account.

An interesting note from Prosper so far ... I started mid-November and looking at my total returns, it's roughly a 5-6% gain for the five months thus far (not bad). Note that this is with incremental deposits so the actual return per dollar per annum is actually a little higher, but I'm far too lazy to do the real math there. I just did a total returns since Nov. / total deposits since November and got 5.2%. It sure beats the hell out of CDs and T-bills as fixed-return assets (with a lot higher risker, obv).

Posted by roy at 04:42 PM in Finances | 5 Comments

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Trevor (guest)

Comment posted on January 4th, 2009 at 03:58 PM
i fell victim to this as well but i simply created another account and that worked

Anonymous (guest)

Comment posted on December 28th, 2008 at 11:03 AM
I just fell victim to the account number issue.


:(

Blah (guest)

Comment posted on November 16th, 2008 at 12:50 PM
This is STILL an issue! While signing up with Scottrade yesterday, I closed the window with my account # thinking (as every other site does...) that they would email all that info to me. But no. Stuck out of my account until Monday when I can call them. No forgotten password/account # link. Sigh.
Comment posted on April 10th, 2007 at 10:24 PM
etrade ftw
Comment posted on April 10th, 2007 at 11:42 PM
really? what's the benefit to etrade over scotttrade? $13.99 per trade vs. $7 per trade ... big diff...