Charles Schwab FULL Platform Tutorial

In this video I go in depth and show everything you need to know about the Charles Schwab web platform!
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The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Mark Plymale is NOT a financial advisor. All of the content on this channel is strictly for entertainment purposes.
#markplymale

[@markplymale]

If there is any feature with Schwab that you would like me to talk about more be sure to let me know! Thanks so much for supporting me and my channel!

[@nancyj795]

Great video, Mark. Did you get the email today regarding changes to futures trading at Schwab? In the FAQ, it reads: "Minimum equity requirements: You must maintain $1,500 in total equity between your securities and futures account to initiate a futures trade. Accounts below the minimum equity will be restricted to closing-only transactions. You must maintain a minimum of $15,000 in total equity between your securities and futures account to initiate a futures trade using reduced day-trade (intraday) margins. Day-trade (Intraday) margins: You will not receive day-trade margins if you hold futures options positions. Day-trade margins will only be available between 8:30 a.m. CT and 3:00 p.m. CT." The first two sentences seem straightforward, but the sentence that talks about $15,000 equity to initiate a futures trade using "reduced day-trade (intraday) margins" and the next two sentences aren't clear to me. If you know, how would this affect those of us who trade micro-futures like the Micro EUR/USD that have an initial margin requirement of $242 per contract and $220 maintenance.

[@8ballMarcucilli]

How did you get a 401K from you employer show up under Schwab?

[@nicolemeh8379]

Can i link my foreign bank account?

[@PedalToTheMetal61888]

THANKS GUY GLAD TO GET SOMEONE WHO''S CLEAR AND SPEAKS ENGLISH

[@jwilboo]

I'm currently with TDA which will be absorb by Schwab in Sept. of 2022. Questions; can I Zelle thru Schwab, can I set up autopayments direct from Schwab checking account, are there any "banking fees" with Schwab checking and savings accounts, does Schwab support HELOC (homeowner line of credit) accounts? Thanks,

[@MarkEdward2]

It seems certain stocks are undervalued, flying under the radar despite their potential. You can't help but wonder when the market will recognize their true worth. How can I invest $600K wisely to ensure our future security?

[@AndrewHenry06]

It's frustrating when market inefficiencies persist, particularly with undervalued stocks. Consider consulting an advisor for smarter investing decisions.

[@CarolinaJoseph01]

My financial advisor has been a game-changer, providing clarity and boosting my confidence in navigating finance. With their help, I've achieved my goals faster than I imagined. Highly recommend!

[@ChristopherFrank3]

Your advisor appears skilled. How can I contact them? I've recently sold property and aim to invest in stocks, seeking guidance.

[@CarolinaJoseph01]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@ChristopherFrank3]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@yonatonrozanski1530]

was waiting for a video like this! love your videos!

[@markplymale]

Thank you! I hope you enjoyed and that it was helpful!

[@HUSTLEISMYHABIT]

Although this video is 2 years old, Thanks for the information. Now that TDAmeritrade got bought out I wanted to find a good video showing the CS platform and this was exactly what I needed.

[@amyhisle5485]

I love Schwab!! I have a checking, brokerage, and have setup a Roth IRA for my daughter. Great video Mark. Thank you for all the hard work.

[@markplymale]

Thank you! I'm glad you're getting so much value out of Schwab. Also that is super smart you have a Roth opened for your daughter!

[@amyhisle5485]

@@markplymale I’m hoping to give her a good start to being an adult and teaching her how to be smart with money. Love all the information you give us!

[@markplymale]

@@amyhisle5485 I’m so happy that I can help in any way!

[@yonigoddess]

Wow so much info! I'm about to start a Charles Schwab account. This helped a lot. Will need extra help learning the platform. Bless 🙌

[@markplymale]

I’m glad this video helped! If you have any questions always feel free to reach out!

[@nason5711]

You definitely sold me on it haha, I'll be following your Amex card strategy(from your other video). I just got the platinum(high points offer, so might as well), then I'll get the gold, and then the schwab platinum!!💯

[@markplymale]

Nice man that strategy is for sure the best! You’ll have an insane amount of points at the end that you can either cash out and invest with or redeem for travel. Either way it’s a win!

[@justinedward7591]

I have Schwab and Chase accounts. I like different things about both. Thanks for the video. I know that took a long time to make!

[@markplymale]

Appreciate it man! I like chase too!

[@ThatCho]

Really great overview of everything CS has to offer. I have two portfolios. One is a pretty straightforward income portfolio while the other is my retirement which has a good 10 different etfs in it. The research tool sounds really helpful.

[@markplymale]

Schwab’s funds are on average cheaper but I’m not sure which one out preforms the other. They’re extremely close really. Honestly there’s no real difference. I buy Schwab funds because I banks and do everything with them. The research is top notch if you want to be a more active investor!

[@NotTheRealJoker]

I really enjoy banking/ investing with Charles Schwab. I have the Checking Account, Brokerage Account, Roth IRA, Intelligent Portfolio and Investor Credit Card too. It’s easy for me to push money from my checking to my investment accounts regularly. Also love how the credit card cash back rewards automatically deposits right into the brokerage account

[@markplymale]

I’m with you! Absolutely love Schwab. I’m now approved for level 2 options trading so I’m essentially able to whatever I could ever need with them. Can’t say enough good things about Schwab!

[@mollyfoxx9417]

This was so in depth and high quality! I would love to hear about your investment strategies and how you choose stocks. I learn a lot from your channel and would love to learn more about all that stuff

[@markplymale]

Thank you Molly!! I can definitely do that. I’ve got some ideas in the works!

[@rofeha0000]

Don’t invest with them they are cheaters , unprofessional and device went down All the American baking system is a failure

[@johnhenderson7081]

You have helped me to make my decision on a 2nd brokerage with this video. Have had Schwab for about 3-4 years, but never used them, but after seeing this video, it has help me make my decison. Thanks again Mark!

[@markplymale]

Awesome man I’m glad this video helped!

[@edwardturner1282]

Two thumbs up Mark. Just perfect for a novice such as I. Review is a must. Thank you.

[@johnporter5828]

I'm in the process of transferring accounts from Vanguard to Schwab. Be advised that when you transfer accounts, liquidate all existing assets before making the transfer. This makes the process much easier !

[@jordan23ww]

Great info! Thank you for the detailed review. I especially loved your breakdown on using their research section.

[@markplymale]

Thank you I appreciate that!

[@ThatCho]

OFFICIALLY transferred my Roth IRA from Vanguard to Charles. It feels good.

[@markplymale]

Good move!! Do you have vanguard mutual funds in there or just ETFs?

[@ThatCho]

@@markplymale I only buy ETFs, Reits and BDCs. I’m a broke bitch so no mutual funds for me. Haha

[@markplymale]

😂 Schwab mutual funds have a $0 minimum deposit! I just do $500 a month to SWTSX in my Roth. Simple and easy. The $3K minimum for Vanguard is annoying and makes it harder for beginners to start

[@ThatCho]

@@markplymale oh fuck... That's a GAME CHANGER. I just assumed that all mutual funds were expensive to start like that. Wow.

[@andyhopkins201]

Nice!! Great information Mark!

[@markplymale]

Thanks Andy!!

[@halloweentown756]

I love Schwab!!!

[@markplymale]

You and me both!

[@renardrigaud8650]

Great video…keep up the good work, I’m a big fan of them as well

[@markplymale]

Thank you! They’re the best in my opinion!

[@silvesterjordan9920]

Thank you!! The algorithm must be working well. I was looking for a video on Schwab platform. I am signed up and could not buy and sell futures options. Thank for the information. I learned a lot from this basic video. Great Job!

[@vincentsmith6859]

Excellent presentation Mark!

[@markplymale]

Thank you!!

[@akin242002]

Good video! I'm team Schwab for IRAs and Option trading. No barrier to entry and good low costing Index mutual funds. Also fractional shares purchasing ability for S&P 500 companies (FAANG stocks).

[@markplymale]

Thank you! I’m with you on that. The addition of fractional shares capabilities was a game changer for them I think

[@vMambaaa]

Awesome video, I just switched from my credit union to SoFi, but I've found SoFi to be lacking and the user interface not as professional. I'm really considering switching over to Schwab as I'm just starting my investing journey.

[@markplymale]

Thank you! Schwab has everything you could possibly need. They have billions in AUM and have been in the business for a long time. Can’t say enough good things about them!

[@TheMovieUniverse]

Thanks for this video. Ive been thinking of going with Schwab. Now i will.

[@JR-tj1iw]

Great Video!! How did you add your accounts (401k link and mortgage)?

[@markplymale]

Thank you! On the summary page (Home Screen) you can select to add external accounts and you’ll be able to find whatever external accounts you want to add. They’ve got access to essentially everything!

[@applefan9856]

Thanks!

[@markplymale]

Thank you!!

[@yonatonrozanski1530]

can you make a video showing user interface of Schwab's checking account (only if possible without showing info) I'm thinking of switching from chase, just offers much more!

[@markplymale]

What details exactly are you looking for? The part where I zoomed in and went through all my accounts if I had zoomed out it would show cash/cash investments, balance/value, day change $, and day change %. I banked with chase for probably 6 years and I’m much happier with Schwab!

[@yonatonrozanski1530]

@@markplymale ye just kind of the “homepage” of schwab checking I find I really want to switch but just the user interface is holding me back a bit I guess not rlly possible cause you wld have to blur like the whole thing, I think I’m just gonna open the checking account and check it out, just from the costumer service to the no atm fees I feel like I’m getting the chase private client equivalent of banking for free with schwab!

[@markplymale]

@@yonatonrozanski1530 you should just open a free account and play around with it. Like I said it’s so simple and since there’s no minimum deposits needed. The referral bonus has changed from what it used to be but you could still just open the account to play around with. Maybe throw $10 in there just so you can play with it and open a brokerage too to see how all that works. I’m here if you have any questions!

[@yonatonrozanski1530]

@@markplymale your awesome thx so much!

[@markplymale]

@@yonatonrozanski1530 not a problem!

[@adrianbarreda]

Greetings from Peru!! Excellnt video

[@markplymale]

Thanks so much!

[@thomasgilbert9347]

Thanks for all the information. My TD ameritrade account was moved to CS a few months ago.

[@nicolemeh8379]

Thanks Mark, i watched till the end great information

[@markplymale]

Thanks Nicole!

[@joemccarthy1069]

Just open an account Hugh learning curve, this helped alot. Thank you

[@markplymale]

You’re welcome!

[@joshcarter4324]

Hey Mark! Great in depth video! I was wondering if you could go in depth about their CD accounts. I’m very interested in it and want to know the difference between what Schwab offers and what traditional banks offer. Thanks!

[@stevenwassilak4152]

Great content, Mark! I had a question as you were going through your summary page. How did you link your 401(k)? Did you do a rollover from a past or current employer? What’s some of the pro’s/con’s? Any feedback would be awesome!

[@jessicachapelet4038]

That was amazing thank you for the info. You just gained a new subscriber!

[@markplymale]

Thanks so much Jessica!

[@bigdaddy11160]

i watched til the end. thanks. maybe do a video on how to use the history/recall of past transactions. how to figure out how to reconcile your numbers. im still not proficient and rely on my past trades to inform my ongoing trades.

[@markplymale]

I appreciate that! I can definitely work on that video!

[@8ballMarcucilli]

Do you think having multiples counts with Schwab helps with approval odds?

[@markplymale]

Nope! It’s all about Amex not Schwab. You could have 1 account with $0 in it with Schwab and be approved

[@8ballMarcucilli]

@@markplymale Thanks for update

[@alexanderm1026]

30 seconds in and I got to say that sounds like a lot of trust in a firm to not fuck up lol.

[@markplymale]

It is! I’ve through about that but so far (2 years or so) everything has been so smooth and they keep making improvements which is awesome

[@jakepatchogue9478]

As always, great video. Can you please do a JP Morgan Self-Directed trading account?

[@markplymale]

Thank you! Sure! I’ll end up doing platform reviews on all the major brokerages and I’ll for sure out JP Morgan on my list

[@arifmesfin2610]

Very informative and straight to the point Thanks

[@markplymale]

Thank you!

[@nerdkink]

Thank you

[@markplymale]

No problem!

[@clarotchinenies4374]

am from Spain, my friend in Texas referred me to this channel you make a lot of sense but I do not understand anything until she referred me to a financial counselor in USA that help me to craft my portfolio and over a year we have been working together making consistent profit enough to get me a new apartment and care for parents.

[@markplymale]

Nice!

[@NCKyle1980]

Well, I clicked out of it... to go to work lol but just finished the rest when I got back home. Having other asset accounts never hurts. I hope you are well and continue to have great growth with your wife for your retirement. :) Thank you for all your hardwork. That was a very great detailed video. Best to you always, Mark. Take care. and no - You're awesome. lol (just to prove til the end)

[@markplymale]

Thank you Kyle!! I could have probably made this video a little longer but I felt like 37 minutes was plenty 😂 schwab just really does have so much to offer. Thanks for always showing so much support!

[@NCKyle1980]

@@markplymale Ya know you can make it twenty minutes or two hours... some you will lose after 30 seconds, some didn't notice it was 37 minutes. Showing support to you is a pleasure and privilege. Oh I'm that new Kyle you followed earlier today on Insta. I don't use it much really at all despite how much I love pics. The first thing I ever posted was my buddy and his girlfriend I went to see in Illinois. I think I have an old dime pic lol idk I don't use it much. I got an email offer earlier from AMEX saying refer friends for Delta cards; if the friend is approved, you get a $100 statement credit off of a Delta purchase within 3 months plus the 15,000 SkyMiles. I'm like wow. lol They're willing to give me a $100 statement credit, the new applicant a $200 statement credit and all the SkyMiles. wow.

[@markplymale]

Gotcha! It popped up in my recommended so I had to give it a follow. I don’t post much either but I’m going to start posting more! Amex is pouring money into marketing and they’re willing to give out points for any reason to get new accounts opened. It’s wild times in the credit card game!

[@NCKyle1980]

@@markplymale That's what is shocking me tho. Not the points/miles but the $300,combined actual statement credits, too. Ah well. Back on topic! Lol happy Investing! 😂😁

[@RoboCop68]

Can you take margin on the intelligent portfolio?

[@Bouncy-ball543]

Great information! Thank you!

[@markplymale]

No problem!

[@user-gd2bd7gh5o]

Tks so much very detailed video!

[@leewithey2014]

Excellent information. Thank you. 🐕

[@markplymale]

You’re welcome!

[@gthapro]

That was a great video, I gave you a like, I subscribed and a comment.

[@markplymale]

Thanks so much!

[@czeke7513]

Excellent detailed video. You would do well in the wealth management industry. Does Schwab provide any spending analysis on grouped accounts? For example, if you use the checking account and the credit card, will the online experience show how much you spent on dining, groceries, utilities, etc.?

[@NeilDeBoer-g6u]

How about transferring back and forth between a high yield investment account or Money Market Fund and your bank account to obtain higher interest on your balances?

[@Sigma_male124]

love your videos

[@markplymale]

Thank you!!

[@frisbee1019]

This was soooo useful thanks so much for this video seriously

[@markplymale]

No problem so glad it helped!

[@evanjames2141]

thanks for this info!

[@markplymale]

No problem!

[@mauriciodiaz5034]

Really good video !! Do you have a course about Charles schwab or video to learn about how to use it ?

[@markplymale]

Thank you! I don't but that is definitely a video I want to make. I think I have one video on how to buy stocks with them but I want to go a bit more in depth with another one

[@joet56]

Great job!!

[@markplymale]

Thank you!

[@jaybreisacher7645]

the platinum card fee is now $695 almost exactly a year later!!!! tells you the state of our economy :(

[@markplymale]

It's insane!

[@jaybreisacher7645]

@@markplymale although i will say, they did add uber credits, and Walmart+ membership credit, so maybe that could be a reason.

[@trevorjones304]

Subscribed! Do you keep an emergency fund anywhere? If so, where do you recommend.

[@markplymale]

Appreciate you! I actually just keep my E fund in my brokerage. I keep half of it in cash and the other half equally invested with JEPI, NUSI, QYLD, and RYLD. If something crazy happened I’ve got the cash on hand but it something absolutely disastrous happened I could simply sell out of the Funds and have the cash available within a day or 2 at the most. High Yield rates are laughable at the moment and between those 4 funds my average yield is hovering around 9% and the dividends are paid out monthly so I actually have a decent stream of income coming from them as well!

[@trevorjones304]

@@markplymale This is useful info! You weren’t kidding about consolidating to Schwab. I may move my EF to schwab from betterment and do something similar to your method. That would just leave me with my 401k from fidelity.

[@markplymale]

I have everything with Schwab besides my 401K! I love their service. If I ever have an issue I can call and speak with someone in America within minutes and they’re extremely knowledgeable and helpful. I forgot to mention that in this video. Customer service is top notch. I’m going to make a video explain how I have my E fund setup soon. I think it just makes the most sense. Yesterday when the market somewhat tanked my E funds went down 0.06% so they’re pretty crash proof overall

[@trevorjones304]

@@markplymale I will be sure to tune in!

[@MyHairDrama]

I recently opened the checking/brokerage acct but wondering if the high yield savings is worth opening. Do you have a video on the savings acct?

[@markplymale]

I would say it isn't worth it. I'm not a fan of savings accounts. I keep my emergency fund money in my general brokerage with Schwab personally

[@godzilla7147]

Currently have the same accounts opened with Charles Schwab minus the credit card. With all the changes happening is it even still worth opening a CS Platinum?

[@markplymale]

It’s honestly all going to depend on what happens with the rumored annual fee increase. As of right now yes I do still believe the card is worth it but with a fee increase and devaluation of the cash out rate I’m not sure it will be

[@rosemcmanus1023]

I bet they won’t approve you for that card if you have bad credit

[@earlwilliams5473]

EXCELLENT VIDEO !!

[@markplymale]

Thank you!

[@lawrence6075]

Mark, I appreciate Your time, and the info, but what the H are You talking about, when You say Scwab's options contract fees are ONLY .65 Cents !!! That is Freaking EXPENSIVE. That SUCKS !!

[@markplymale]

It used to be standard but there are a lot of no fee options available now!

[@126cardinal]

i hate this site.... how do i see the amount of my shares on the full page ticket or at what price i bought my stock at? i have to toggle back and forth every time wtf

[@elijahhusner6865]

I have the same problem with this no way to find out how many shares I have or the price I gave for it but I loved TD American trade

[@126cardinal]

td was the best..@@elijahhusner6865

[@talithacolborn1034]

Please someone explain to me the fine print, I don't understand the bank sweeps and depositing and withdrawing money from our accounts they've made with an affiliated bank and we have to keep track of it? I have to be misunderstanding the fine print

[@gmrr21]

Thank you for delivering! I can’t find your instagram link on the description.

[@markplymale]

It’s in the “about” tab but I’ll throw a link in the description as well! I hope I helped answer your questions!

[@gmrr21]

@@markplymale oh yeah it was great! Watched it twice so I didn’t miss anything. I will be waiting for the more in-depth ones that you mentioned you were doing. I for sure would like to know your strategies and which stocks you consider to be the best option for different strategies.

[@markplymale]

@@gmrr21 awesome!! I’ll review Schwab’s mutual funds and ETFs. Honestly they have some fantastic investment products. I’m a very big fan of their funds. I’m trying to decided how I’ll start presenting investment strategies and ideas. I’ve got a few ideas in the works!

[@gandalfearth5336]

¿Market data fees of all products and not platform fees apply using the SSE platform or through the web?

[@JohnWickkkkkkkkk]

which is the best brokerage for option trading?

[@markplymale]

I personally like trading options with Schwab the most

[@janfromholland4628]

I would liike to habe a Schwab account in the Fillipines, but I am from The Netherlands... And I understand that its for USA citizen only?

[@planetholly8]

I’m going to Greece mid April. Do you think I have time to get this account set up and get my ATM card before my trip?

[@markplymale]

Yes definitely! I hope you have a great time!

[@planetholly8]

@@markplymale Great, thanks! And believe me…I will!! 😎

[@rolandawhiz8603]

Thank you!!!!!

[@markplymale]

No problem!

[@queensempire9391]

Can someone from Nigeria invest in charle schwab

[@gthapro]

Do they still have the signing bonus? I don't like the starter kit they have now

[@markplymale]

www.schwab.com/client-referral?refrid=REFER67HKXRNM Here’s a link! I don’t get anything if you use it btw

[@stevenwyche9250]

Can you go over the global account

[@markplymale]

Sure!

[@coffeegeek54]

Mark - I've got CS brokerage account and High Yield checking. I'm don't see interest added to either account. Any idea why?

[@markplymale]

How long have you had the accounts? I got paid interest on my checking account from February today

[@coffeegeek54]

@@markplymale I've had brokerage for over a year and high yield checking maybe a month now. I just called and they told me with the little funds I have in there is the reason. Rep said checking is .03 interest and brokerage .01 :-( I'm getting ready to close my Wells Fargo Checking and Saving and researching where to get my direct deposit over to. I'm also considering at Discover (.50% APY). Looking at accounts with no minimum requirement, no ATM fees, have checking and savings account. Keep up the great videos. I was just watching one of your 2020 - you've come a long way with being more polished and professional.

[@markplymale]

Thanks for that!! I started this channel with no experience or sense of direction but I feel like I figured things out pretty well about a year ago and the results have reflected me improving! I’m still a long way from where I want to be as a creator!

[@sidtaylor3822]

I just followed you on Instagram, you're really handsome, Mark! I like you! :)

[@markplymale]

Thank you Sid!

[@sidtaylor3822]

@@markplymale sorry my real name is Greg :) Sid is just my youtube screen name :)

[@sidtaylor3822]

Always here to support your channel :)

[@markplymale]

Gotcha! Thanks for supporting my channel Greg!

[@callmeNeno]

Do you remember what credit bureau Charles pulled from for the Investor Credit Card?

[@markplymale]

Soft pull!

[@callmeNeno]

@@markplymale sounds like a no brainer card to get. I have Charles Schwab checking & brokerage account already : I was thinking of getting that card

[@markplymale]

@@callmeNeno I think it’s pretty underrated!

[@julianwheeler1214]

Schwab went back to $5 otc fees lol

[@danielzahn6009]

Did the Schwab referral link get removed?

[@markplymale]

I must have accidentally removed it. Just added it back!

[@mikedickson6362]

They tuck my account from TD to shwad at TD I could put money in my account and trade right away now I have to wait 4 days

[@degennaro9494]

I have to rewatch the video I didn't see a link to your Instagram I hope it's an easy one-click deal

[@markplymale]

It’s linked on the about me on my page it should be pretty simple to find!

[@reneecopeland1095]

Thank you

[@janelleburgess3813]

Thank you

[@markplymale]

You’re welcome!