Charles Schwab Mobile Trading App Tutorial

[@JakeBroe]

Thanks for watching everyone! If you found this video helpful, then support my channel by giving it a LIKE and checking out my entire playlist of videos on investing with Charles Schwab! kzbin.info/aero/PLscTZuOqKWIy6s-3LSH2qNiNZW5tNIOMB

[@LouisTheTraveler76]

I am being forced to migrate to Schwab from TD so I really appreciate your Demo. It was very informative and I am much less apprehensive. Thanks!

[@rera6682]

That’s why I’m here too

[@Izagric]

I’m on the same boat. Have you figured out how to set alerts?

[@Patriot-of5ee]

@@IzagricI need assistance in setting up alerts as well. Have you figured it out.

[@mississippiapple1078]

Omg! Me too! Hope the options ui is decent

[@rodrigoelgu]

How do i get live data and level 2?

[@miguelmal]

I've been wanting to have an inside look at how Schwab's app works, thanks for this!

[@JakeBroe]

You are very welcome Miguel! Thanks for the comment!

[@allthingsamato1776]

I’ve had a Schwab account since 2017 and never invested a dime. That is about to change. Thank you so much!!

[@JakeBroe]

Awesome! Welcome to the markets Irini! Crazy times!

[@allthingsamato1776]

Jake Broe Indeed! Thank you!!

[@MwelwaNguni]

This app makes Robinhood's look like childs play

[@iukeay]

You should look into streetsmart edge by charles swab

[@d.lowding]

@@iukeay is that different from the standard schwab app?

[@JakeBroe]

Robinhood deliberately tries to keep it simple to not overload new investors. But they just don't offer everything a full service bank offers.

[@youarehere1251]

I have Robinhood account for cryptocurrency only, can't beat zero fee.

[@alexojeda8915]

Just decided to take stocks more seriously and downloaded the app! Thank you very much for the in-depth tutorial. Will define you check out more of your videos.

[@JakeBroe]

Thanks for the comment Alex! I recently just uploaded a bunch of videos on stock market investing. Be sure to check them out!

[@user-qp9so2zo1z]

Good stock picks. This guy knows

[@itsjustkevin6652]

I opened a Schwab account same day you posted this. It helped a lot thanks

[@JakeBroe]

Awesome! Thanks for watching Kevin!

[@Joebanker80]

Open a Roth Contributory IRA as well with Schwab if you want to buy and hold stocks long term it’s a better option ... NO tax on gains unless you withdraw before you’re 62 and you can sell and trade regularly as well within the Roth with NO tax on gains. I opened my Schwab ROTH a week ago and I’ve already hit a 10% gain buying and selling the same day ... it’s a rinse and repeat process.

[@GenZInvestor]

I don't used Schwab but it was interesting to see how they app was designed!

[@JakeBroe]

Hey GenZ! I don't think it is the most interesting and fun app to use, but I actually like that. Robinhood was TOO GOOD and I kept compulsively checking it and spending time on it. That doesn't really help me as a buy and hold investor, lol. This does the job if I'm on the go and just want to buy something after getting a deposit.

[@AM-kx6fo]

I'm absolutely not happy about losing TD Ameritrade after 20 years...I'll probably switch to another Brokerage...I appreciate your thorough tutorial very much do...thank you.

[@jacqdanieles]

Me too! I haven't used the Schwab app, I use the mobile website. It's slow, clunky, & missing the simplicity & functionality of Ameritrade. I guess I'll try the app.

[@igotbig1333]

Balances tab. Could you please explain. settle funds + borrowing. I would greatly appreciate it if you could explain all the different things in this tab. Thank you.

[@JakeBroe]

Hey Steve! I have margin trading enabled. This means Schwab will let me borrow money to trade whenever I want and I can borrow against the equity of my stock holdings. Check out my video on margin trading to learn more! kzbin.info/www/bejne/j6PVnXqkZtyIfac

[@stacyjohnson7395]

I’m moving over from TDA Great information .. I’m trying to make a decision go to CW, VG or Fidelity. Thank you👍🏾

[@OurOregonlife]

Could you do a video on selling ? I am not sure as I read conflicting accounts of what happens. Say I have StockA, sell it where does the money go, and how long does it stay. Looked around the Charles Schwab site and didn't see anything clear. I get how fund get in an purchase. But when you sell where does it go? And what happens, how much time to buy in , does time run out... ? I am really new to this. Really enjoy your approach so far everything make sense. But can't figure this part out. ( I do not have any accounts other then broker with Charles Schwab. ) Thanks keep up the great material.

[@JakeBroe]

Hey P C! When you sell a stock, it is at the agreed upon price between two brokers for the prices the owners wanted. If I own stocks in Apple and they are held in my Schwab brokerage account, then I sell them to a private individual buying them from a Robinhood account, the brokers move the funds first to the buyer and sellers and the stocks actually take a couple days to officially settle in the accounts.

[@Mousirelen]

thank you! you are really an open book. you laid it all out there.

[@JakeBroe]

Hey Ruel! Maybe someday I might need to be more secretive... but I feel like by being as transparent as I can now can motivate help others to save and invest.

[@Mousirelen]

@@JakeBroe brilliant that being your intention, you are a "class act". Thats more encouraging and motivating to start with whatever you have, than if Charles Schwab was publicly pitching the idea in a commercial.

[@flukeofficial]

"hoping I can outperform the market average..all studies and statistics say that i am a fool long term to think that I can do this successfully." lol love the honesty

[@JakeBroe]

Haha, I try my best!

[@UNignorantpod]

Great job once again. You've gained a new sub! Thanks again.

[@JakeBroe]

Welcome to the channel Chris! Glad to have you! I have some videos on how to short sell on Schwab coming out this week. Be sure to check back and watch them!

[@kellymeredithdc7436]

With this new technology, what are your thoughts on trying to go it alone with investing vs using a broker? Do you think a newbie should get in the mutual funds and EFTs and some stock picks or have someone really guide you. Im a newbie and want to get investing now. Recently acquired an inheritance and need to get it making more than a saving account percentage. Thanks for any tips. I have been watching your Info. I really enjoy all you are bringing to the table. Love your credit card revival well.

[@JakeBroe]

Hey Kelly, depending on the size of your inheritance, you might want to hire someone to help you manage it. However, I personally am convinced there is no need to put any thought beyond putting everything in an S&P 500 index fund. Live off the dividends, sell whatever you want when you need it. Paying someone to manage it is just money you are losing for someone to manage your money on average worse than the market average. I highly recommend this book to learn about index investing. amzn.to/2ziFWEr

[@UPEASTHAITIANZ]

That portfolio you got went to the sky Doubles and triples great picks

[@Mias-trailerparkgarden]

Where on the app does it show what you paid for the stock ? I also am a TD ameritrade and I’m not familiar with the new app?

[@logicmr.8351]

Great content, as I just downloaded Charles Schwab and I found this! Can u do a video for the chart set up? candle bar, kd, macd... etc what is the one u preferred

[@JakeBroe]

Thanks Logic! I just use Yahoo Finance to check charts. Super simple and look great. Better than Schwab's website. kzbin.info/www/bejne/fnrUanSmrrSCnbs

[@stephen41467]

Great tutorial, Jake. Love the Milwaukee Flag!

[@Wish7711]

Can you do a video on how to sell 1 position in a company when you have more than 1 position in a company

[@nicholasray1162]

I'm having issues with buying I have funds in my account but it's saying that I don't have anything to buy with

[@prnsxsa]

joining the stocktok bandwagon

[@JakeBroe]

Haha, welcome to the team prnsxsa! Godspeed!

[@Greg-mb7po]

Jake -- this is another good video. Got the app a while ago but still had some confusion about some the ins and outs. Thanks! Different thought.... Watched you video on Roth and retirement. Have you done anything for those who have already retired and want to do their own investing for whatever reason?

[@Anderson-h9k]

Boa tarde Jake Qual corretora e melhor para investir, Avenue ou a Schwab? Consigo fazer trades nas duas? Obrigado

[@jennyf4507]

Really help a lot! Thank you so much.

[@JakeBroe]

You are very welcome Jenny! Cheers!

[@yukimuli170]

Thanks this has helped me 👍🏿

[@JakeBroe]

You are very welcome Yuki! Cheers!

[@singhka88]

i have a webull account where is have stocks but i dont want to do ETF's like SCHD because webull does not have DRIP. i think i will do a separate schwab account for ETFs then compare in 5 years. if the ETFs are outperforming my webull stocks i might just switch over to schwab full time! thanks for the info!

[@FACTSWITHANTHONYJAMES]

Set up a account. Took 5 days for my funds to clear. Its cleared and I still can't buy a stock.

[@suzya3061]

Hi Jake, thank you for the info using this app. I’m new to investing and just opened a CS account. How do I buy slices through this app? Thank you.

[@bladimircubaaquise8262]

Nice to meet you, I love your videos, but now I have a question. Before I was in TD Ameritrade and now we are in Schwab, how do I fund my account I am from South America - PERU. THANK YOU SO MUCH

[@monesapersaud6245]

I hav no idea about this but I am interested in going into it but before I do I need to understand how it really works

[@Baserunner20000]

You should try Robinhood they are better at fractional shares

[@JakeBroe]

I hope this tutorial helped Monesa! Good luck!

[@minlou4639]

Thanks, this was helpful.

[@JakeBroe]

Thanks for letting me know Min! Cheers!

[@theccpisaparasite8813]

How does on set the number of strikes

[@Nuvinci88]

No column labeling options… really lame!!!

[@jamesmalone334]

Thanks for sharing this.

[@JakeBroe]

You are very welcome James! Cheers!

[@stevehoca6463]

How much stocks get taxed when you sell, assuming you made profit? Thanks

[@JakeBroe]

Hey Steve! I made a video breaking down taxes on investments. Short answer is you pay your normal marginal tax rate on just the profit if you held the stock for less than 1 year. If you held it longer than 1 year, then you probably are paying a flat 15%. kzbin.info/www/bejne/nn7TZI15jpV2o8k

[@bryannguyen7388]

Do you think Charles Schwab will have fractional shares available this year? They mentioned that they will make it available.

[@JakeBroe]

Hey Bryan, yes, you can already buy fractional shares with dividends reinvested. They announced they will be introducing buying fractional shares whenever you want later this year.

[@joefarah]

Jake Broe Not yet for individual stocks

[@elamigoanonimoamigoanonimo1925]

Hi! Is it possible to put stocks alerts on this app?

[@1028-l1n]

hello, i’ve watched the video and I learned a decent amount, but is this a good app for beginners or should i look for something else?

[@JakeBroe]

I think Robinhood is probably the best app for beginners since it is easy to use. But Schwab in my opinion is a better company.

[@daves2960]

I like and use this app almost daily. Just wish it would allow "trailing stop" orders. I need to use the website to accomplish.

[@JakeBroe]

I didn't notice that, Dave! Good to know. I have a video coming out Thursday explaining trailing stop orders. Cheers!

[@neffster2917]

They need to make this app ehy more user friendly

[@ExaltedWarrior]

I heard that you can only buy stocks in the S&P 500 with Charles Schwab which means I can't invest in Tesla.

[@JakeBroe]

As of right now that is true. But Tesla is joining the S&P 500 and Schwab later this year will expand to allow fractional shares of ETFs and small cap stocks. Cheers!

[@ExaltedWarrior]

@@JakeBroe doesn't look like Tesla made the S&P, but Etsy did

[@Rainingggg]

Hello Jake, I have been watching both of your videos (Fidelity and Schwab) for hours already, but I can’t come to a final decision. I really need your help on this, I’m just a beginner, planning to do some very simple trades (planning long term), no complex stuffs like mutual funds, ETF, options, banks with brokerage... So which one should I go to? Fidelity or Schwab?

[@JakeBroe]

I like Schwab's interface better. It is still perfect for beginners. Go with Schwab!

[@Red-brickstudio]

Specifically how do you trade slices on mobile app (schwab). Why is it only s&p 500?

[@JakeBroe]

Schwab announced it will only be S&P 500 stocks right now. They will add small cap stocks and ETFs soon.

[@user-jy7yw5kw3w]

By switching to Fidelity and M1 where you can do it on any stock

[@elee325]

Thx for the video. Is there a way to set up alerts for the stocks via mobile app?

[@JakeBroe]

I'm sure there is. You might need to log on to their desktop browser version to see that option. I'm not sure.

[@casas559n]

Can you set automatic investments in mutual funds in the app

[@eminem13001]

Thank you! I might set up an ira account with them!

[@JakeBroe]

You are very welcome! Cheers!

[@elpadrino9056]

Good Morning Mr. Broe, I am a newbie in investing, I am thinking of opening up an account and start with $400. What do you recommend for a newbie?

[@JakeBroe]

He El Padrino. Fractional shares are coming to Schwab in June, you can own individual stocks at the cost of $5 a stock if you want. But in the meantime you can just buy an S&P 500 index ETF like VOO or SPY.

[@dianeuranowski3694]

Hello, great video! I'M new to using the Charles Schwab app on my samsung phone. I can easily set a price alert on a stock using my laptop, but I absolutely cannot find where to do it in the app- though I 've tried! They all say, "From the Alerts Menu (WHICH I CANNOT FIND), click, "create alert", Duh. So please, tell me Exactly how to set an alert in the Charles Schwab mobile app. I know how to do it, I just can-t find it in the app! Thank you in advance!

[@wyatthudock]

I have a Motorola phone and also can't find it, did you figure it out out.

[@Cal71922]

Wouldn’t it be better to invest in a few great companies rather than investing in 30 stocks?

[@JakeBroe]

Yes and no. The strength in investing in fewer stocks is you can focus on them and pay better attention to them. The strength of adding more stocks is diversification and lower risk. I am the kind of guy that doesn't mind monitoring lots of stocks, so I'm better off holding more.

[@anthonyhunter7032]

How do I keep history of ticker I looked up

[@user-zo2ge3oe8d]

“Studies show my investment strategy doesn’t work. And I have no articulable reason for following this investment strategy but I’m going to do it anyway.”

[@twatz]

Hey man love your videos I have a question not sure if you can help but do you know if I can bring my portfolio over to schwab from a different brokerage

[@JakeBroe]

You absolutely can! Once you create an account, you can call and work with Schwab to start the process of rolling over your holdings from a different broker. Just got to fill out a form I believe.

[@twatz]

@@JakeBroe thanks alot brother I appreciate the speedy response

[@HiMyNameIsEvvaaannnn]

You look like someone everyone’s met at some point but they never actually met

[@JakeBroe]

Hey Evan! I am going to interpret this comment as I look familiar, approachable, and reassuring to you. Have a great day!

[@syediqbal9243]

The web assistant is not giving answer to any query of mine. If I need some clarification how can I do it through this app?

[@JakeBroe]

I know on a desktop you can access the live chat. The have always been helpful for me there.

[@roburb73]

Jake, Do you only get the swipe right option after you have dividends payout? My first dividend is due in May, so right not I am not able to swipe and see what you do.

[@JakeBroe]

Hey Rob, you are the second person to let me know that. I'm not sure, maybe you do need to get your first dividend payout before you have the screen generated. I think it will show up eventually.

[@roburb73]

That’s what I suspect. Guess I’ll find out in May 😀

[@atlantissurvivor1689]

Quick question. Is there a minimum amount to have deposited before you can buy? I’m trying to buy a penny stock and I have enough in my account but it says not enough funds in the account.

[@JakeBroe]

Hey AS! No, there is not a minimum amount to deposit, but the first time you fund your account you might have to wait 2 business days for the funds to settle. Enable margin and then you won't have to wait in the future.

[@atlantissurvivor1689]

@@JakeBroe Thank you so much !!!

[@maximsamosudov6984]

Hey Jake, I know that’s weird to ask you that question, but I quick searched web and did not find the answer. Since you are good in Charles Schwab, here is my question , is it possible to change the option reinvest dividends once it was selected during initial order placement ?

[@JakeBroe]

Hey Maxim! You sure can change that. On your account positions page, click the gear icon that says settings. The check the box that says "reinvest?" to show your reinvest preference for each stock holding. You can flip it to yes or no now.

[@Old_Smuggler]

Is it possible to change the reinvest settings in the app? I just can’t seem to find it if indeed there is such an option

[@jarrettwestwick9151]

Does Schwab allow fractional share purchases? I have heard of the slice shares but when I go to purchase a stock in the app as a slice, it doesn’t work and I get a notice saying “Charles Schwab prohibits fractional shares.” Am I doing something wrong?

[@JakeBroe]

Hey Jarrett! Schwab Stock Slices (fractional shares) were introduced by Schwab earlier this year and it looks like you can only do it on the Desktop right now. I am pretty sure by early next year they will update their mobile app to allow for this, but as of right now you can't do it from your mobile device. Check out my tutorial on how to by stock slices (fractional shares). kzbin.info/www/bejne/gWHKiZiug62VY9U

[@jarrettwestwick9151]

Jake Broe thank you Jake!

[@MavsFan10000]

You can’t look at a stock chart that shows performance older than a year???

[@JakeBroe]

I am not sure. I feel like you just have to change the date range somehow.

[@safiullahziababak55]

Hi Jake, Is Charles Schwab a commission-free platform like Robinhood and Webull? Thanks in advance,

[@JakeBroe]

Hey Safiullah! Yes, it is a commission-free platform that lets you buy stocks and ETFs for free!

[@yumyaml4934]

hey jake . i have questions on the charles schwab portal . i actually try the the stock slice on the app but i dont think i can do that on the app , or may be i did it wrong

[@JakeBroe]

Yes, you can do it on the app. Just enter a decimal amount (like .05) in the amount you want to buy and it will give you the dollar estimate cost.

[@yumyaml4934]

@@JakeBroe thanks jake . i figured out because my app did not update that is why i didn't see it on my app

[@seanwang3072]

I just opened an investment account, how would I add funds to it if I do not have a Schwab bank account, rather I have one at a credit union?

[@JakeBroe]

Hey Sean, you need to link whatever bank account you have at a credit union to your schwab brokerage account. You can also just get the free Schwab checking account and do direct deposit with your employer. You also if you get the checking account can do mobile deposit of a check you write to yourself.

[@seanwang3072]

@@JakeBroe Thank you. I just linked the external account to my Schwab account and transferred money from the external to the Schawb and it says completed. However, the date says for 5/5/20 but it is currently 5/4/20. Do I need to wait until this day for the funds to appear in my Schawb investment account or do I need to wait for 3 days?

[@eastcoastfk8s519]

I recently opened a brokerage account I do not see that income tap and I can not swipe right I bought a few stocks with dividends nothing crazy. is that because my account is still new ???

[@JakeBroe]

Yeah, give it a month.

[@eastcoastfk8s519]

It’s been a month and I still can’t see the income tab is that because I selected re invest dividend ???

[@JakeBroe]

That's a good question. I don't think so. Just give it more time and it should appear!

[@USA-NEWS-CHANNEL]

You still in the military dorms??

[@sharaelatrice]

I bought a hundred shares of a stock but it never went thru the next day.. it said open so I cancelled it.. so confused

[@JakeBroe]

Hmmm, maybe the market was closed and you have to wait for the markets to open for the order to execute.

[@sharaelatrice]

Jake Broe yes that’s exactly what it is, didn’t realize Friday was a holiday haven’t been to work in months.. thanks lol

[@TrollingRyko]

Can I not set a Trailing Stop on Charles Schwab Mobile?

[@JakeBroe]

Apparently not. Hopefully this functionality gets added in the near future.

[@lalvare]

Is this mobile app free?

[@SM-py2ol]

Can the app be used to screen mutual funds and etf's?

[@JakeBroe]

It does not look like we have access to their stock screener in the mobile app. We have to use the desk top.

[@juliarceyax4212]

can you trade penny stocks under 1 dollar ?

[@JakeBroe]

Sure can! Anything listed on the NYSE can be bought and sold with Schwab.

[@juliarceyax4212]

@@JakeBroe you are awesome sir

[@channeldiali]

How to trade in the chart?

[@JakeBroe]

In the chart? Not sure I follow.

[@sd3864]

I added my external account but cant transfer funds?

[@JakeBroe]

Maybe call them or talk to someone on their live chat for assistance.

[@sd3864]

@@JakeBroe thanks i did! transfer funds takes 3 days from external account it says? i was hoping to get started right away. luv ur videos!

[@HKX_ORANGECHICKEN]

No tesla?

[@JakeBroe]

Tesla doesn't pay a dividend and hasn't proven yet that it will be profitable long term. I also do not like that it's being used for speculation by short term traders. It could be great long term, but just has a risk I do not feel the need to take.

[@rfbirdcontrol]

Less Schwab app is awful 😞

[@briancurran1140]

👍👍👍👍💭👍

[@JakeBroe]

You seem like you are ready to use Schwab now Brian!

[@charismacolada9846]

Nice to see a lot of greeen

[@ScottLeRay]

Thanks for the review Jake. Charles Schwab bought USAA brokerage assets. Everyone with USAA brokerage accounts will be automatically switched over to Charles Schwab next week. I'm excited about the change.

[@JakeBroe]

Me too! I have a ROTH IRA with USAA and I'm excited to get it over to Schwab. I'm slowly working towards that $250,000 investment holdings requirement with Schwab to get my customer appreciation credit of $100 on my Schwab Platinum card every year, lol.

[@deviambati3805]

Thank you for another great video about mobile app. Easy to follow.

[@elijahhusner6865]

I had TD American trade and loved it but had to go to old Charles side of it and it sucks now that gush is down and I want to buy I can’t figure out how to buy and it’s not showing how much I gave for the stock when I changed over to swab the platform totally sucks

[@kristiancruz2966]

Any thoughts on daytrading shares here since my td account will move to this broker ?

[@nicosgamingchannel4822]

Is paper trading avaliable on this trading application?

[@edgardealba]

How to put a stop loss in a options contract more quickly, in relations of the chart of the stock, thanks

[@JakeBroe]

Hey Edgar! I am making a video soon on how to trade options. Be sure to check back for those!

[@stevedice5963]

Does this need an update wit the TD ameritrade merger?

[@briancurran1140]

Very good video learned a lot thank you 👍👍👍

[@JakeBroe]

Thanks for the comment Brian! Cheers!

[@andresmunozdmd2425]

Great video, very helpful. Do you know if Charles Schwab would have fractional shares in future?.

[@JakeBroe]

Hey Andres, yes, you can already buy fractional shares with dividends reinvested. They announced they will be introducing buying fractional shares whenever you want later this year.

[@KingDembz]

It’s available now

[@TodayIFeelLike]

Hello I watched your video and I didn't see what I was looking for in your video but maybe I just missed it. Can you share how to set a trigger. For instance if I want a notification if a stock goes above or below a certain price.

[@JakeBroe]

Hey! Sounds like you want to setup of an alert text for if a stock moves. It looks like you can do this if you use the streetsmart edge software: help.streetsmart.schwab.com/edge/1.22/Content/Alerts.htm

[@TodayIFeelLike]

@@JakeBroe Thank you so much. I really appreciate your help. Great videos by the way.

[@plutos9349]

Algorithm

[@leonidesperez5291]

Thanks for the video. I was looking for something like this 👍🏼

[@JakeBroe]

You are welcome Leonides! Cheers!

[@mercerwilliams6537]

Thanks so much for the info! You've been a life saver as I am looking into moving brokerages to Charles Schwab.

[@JakeBroe]

Awesome! Thanks for watching and thanks for the comment Mercer!

[@LataushaTheAuthor]

Very easy to understand ty

[@JakeBroe]

You are welcome Latausha! Cheers!

[@doyoungahn2802]

Thank you! Is it possible to convert stocks? For example, move Tesla stock to Google? Is there any fee I need to be aware of?

[@Lhb428]

Buffer and Munger refer to this as a Closet Index Investor. I was on my way to having 30 stocks, but I was uncomfortable having a little bit of everything. To each their own. Looking good

[@garyboudreau2872]

Where is the refresh button to update the account as you watch your accounts ??? Thx

[@justintroutman5370]

Can I purchase stock by dollar amount rather than quantity of shares?

[@juggernotgio3525]

How does collecting dividends work on here? Trying to find a new platform from robinhood. Does this just drop the funds into your buying power

[@JakeBroe]

Hey Gio! Yep, you have a settlement fund of uninvested cash. You can either select to re-invest dividends and buy fractional shares, or you can have the dividends just deposit in to your settlement fund.

[@dhg903]

Can you do any research on stocks you don’t know the ticker symbol? Like filter etfs by category or cap size from the app?