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Charles Schwab Trading Platform for Beginners: BEST Trading Platform Tutorial - YouTube
Channel: Money With Steven
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what's up everyone i'm stephen and
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welcome to my channel
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this video is all about the charles swab
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trading platform
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the charles swab trading platform is the
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platform that i have used to achieve
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financial independence
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and currently holds about 50 of all my
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equity assets such as
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index funds and individual stocks i'm
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gonna do a platform review of charles
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swab
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in case you're interested in opening an
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account show you all the services and
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give you a walk-through tutorial
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of the charles swab platform on the
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website i've been a long-term user of
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charles swab so i'll give you a tour
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of what investing at charles swapp looks
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like if you're watching this video and
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you're interested
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in learning how to buy and sell stocks
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i'll leave links to tutorials for those
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down below the biggest question you
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might have is why charles schwab
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i am not sponsored or endorsed by
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charles schwab in any way
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i just like the charles law platform and
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services provided by charles schwab
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charles swapp provides all the tools and
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services you need on your financial
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journey
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the reason why is because popular
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trading apps like robinhood
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or weeble are not full service banks
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they do not
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offer the same type of service you would
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expect from a big bank
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charles swab on the other hand is a one
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stop shop for
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all your financial things coupled with
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industry-leading low-cost index funds
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and etfs
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and commission free trades also charles
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swapp with the merger with td ameritrade
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intends to tailor its business and the
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best in class
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experience for self-directed investors
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and traders like me
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and you from the charles stop home page
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you will see that charles swapp
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offers everything from brokerage
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accounts to iras
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mutual funds etfs index funds stocks
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bonds annuities options and futures
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literally
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anything a big brick and mortar bank
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like the traditional chase
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or wells fargo will offer the online
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banking experience with charles swapp is
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even better than a traditional bank
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as you have accessed a 24 7 online chat
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with a live agent for any questions or
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concerns
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and charles swapp even offers free
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personal checks
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i can't believe i used to pay twenty
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dollars for a checkbook
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from chase or wells fargo in the past
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the charles swapp checking account is
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one the best
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available because there's no account
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minimum and no
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fees and the debit card is the best
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debit card for traveling
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as they reimburse all atm fees worldwide
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one thing to keep in mind is that child
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swap can be accessed on three different
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platforms
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the web trading platform which i will go
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through today but also on the trading
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software
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street smart edge which offers real-time
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price codes
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and with the merge with td ameritrade i
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expect users to have access to the think
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or swim platform
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which is my personal favorite trading
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software if you want to dabble in more
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frequent trades
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and the mobile trading app let's go
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ahead and get logged in
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and show you the trial swap platform
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once you log in
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you will see this summary page showing
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your personal value
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you can switch this to investment income
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it will show you
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how much you make in dividends each year
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this is a neat feature
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so as you grow your investments over
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time you will see your passive
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investment income increase along with it
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if you scroll down you will see the
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investment accounts you have opened with
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charles swab
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your checking account and your different
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positions and equities or stocks
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etfs mutual funds options and cash
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in the navigation bar at the top of the
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page the trade tab
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and research tab are your two best
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friends on the charles swab website
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under trade this is where you select to
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trade swab stock slices
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which are fractional shares stocks and
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etfs
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options mutual funds bonds cds futures
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and others under order status you can
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keep tabs on any orders you have
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completed
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and open orders a useful feature is the
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watch
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list here you can create watch list and
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add stock symbols or tickers
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to companies you want to follow for
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example let's say i want to create a
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watch list for
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big tech you can add amazon facebook
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google
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microsoft and apple let's throw tesla in
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there too
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then just hit save and you have a watch
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list
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some other watch list i have included
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include a list for dividend stocks i'm
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interested in
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that meet a financial trainer set with
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my own criteria
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if they do they'll go to my potential
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buys watch list
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genomic and even a speculative watch
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list you can create
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any type of watch list that fits your
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style investing
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under research on the navigation bar you
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can find information on the market
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stocks mutual funds options and so much
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more
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some interesting selections on their
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stocks is this swap stock list
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charles swab has a rating scale they
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used to evaluate over
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3 000 us traded stocks and a rating
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means suav believes the stock will be
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stronger
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outperformed the market and is a
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guidance to buy
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b rating means outperform the market
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also a guidance to buy
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c rating market perform with a guidance
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to hold
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and dnf to underperform the market
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and to sell if you're interested you can
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pull up a report that shows you a
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business summary
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and how charles swab arrived at that
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rating for the particular stock
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if you're looking to buy individual
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stocks screeners are a great tool to
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narrow down stocks that meet the
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criteria
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you want so you want to look for cheap
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penny stocks
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under market capitalization you can
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select micro cap
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and small cap which generally refers to
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companies in the millions
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to two billion dollar market cap if you
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want a low
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share price you can select price and
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select the share price between
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zero dollars and ten dollars you can
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even enter the specific value you want
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you can also narrow down the business
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sector or industries you're interested
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in
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so under sectors and industries if you
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want to look for energy companies
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you can select energy and another
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subcategory for energy
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equipment and services now is narrowed
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your list down to 70.
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feel free to play around the screeners
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to find the type of stocks you are
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looking for
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under dividends you can screen for
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companies that are paying a specific
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dividend yield
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so if you want a high yield you can
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select greater than six percent
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there's also a category for analyst
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ratings from swab
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morningstar cfra argus and all the
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typical ratings you see
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and hear about you want to screen for
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financial ratios
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under valuation you can select price for
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earnings
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and filter for low pe to find
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undervalued companies
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under financial strength you can filter
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for companies with high net profit and
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return on equity
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which are indicators of a company's
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current financial strength
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and profitability the compare stocks
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feature is a useful tool
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to compare companies in the same
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industry specific
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metrics and financial ratios will differ
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greatly depending on the industry
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i have seen a very common mistake for
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beginners when they compare companies
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that are nothing alike such as comparing
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apple a tech company with disney
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a media entertainment company or twitter
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a social media company
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to nike a brand sports apparel company
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let's go through an example today with
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the retail industry
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so we can put in target walmart
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costco and amazon it will give you a
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detailed price summary
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daily trading volume annual dividend
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yield
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key fundamental metrics such as net
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profit margin
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return on equity return on assets
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costco sales for employee jumps out at
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1.2 million
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four times as much as its competitors
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earnings per share
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amazon with an amazing 52.55 earnings
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per share
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and price per earnings charles saw
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descriptive reports on each company
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and other ratings reports from outside
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sources
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the chart comparison is a quick visual
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representation of how well the stock has
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performed
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you can look at the six month
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performance three-year performance
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10-year performance if you would have
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invested in these companies 10 years ago
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this is how much your investment will
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have grown a 1 000
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investment in amazon 10 years ago would
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be worth about
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15 000 today if you go to the options
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tab you can find
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everything you want to support your
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options trading
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i'll leave a link in the top right if
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you're interested in learning about
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options trading on charles swab
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next there is a mutual funds tab here
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you can find
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all sorts of mutual funds available to
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trade on the market
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if you click on swap funds you will find
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all the swap mutual funds available
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my personal favorite is the swap index
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funds which is a low
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cost easy and safe way to invest here
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you see the swap
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s p 500 index swap total market index
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swap 1000 index swap large
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mid and small cap index funds and swap
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international index fund
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if we go back to the mutual fund page we
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can also use the fund screener
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to set criteria for specific funds you
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are looking for
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such as specifically index funds with
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low expense ratios
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if we set the max expense ratio for 0.1
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percent
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you'll see 80 choices most of these
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index funds available are fidelity index
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funds
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i shares charles swab and vanguard index
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funds
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if you set by lowe's expense ratio you
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can view all the index funds available
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from the lowest expense ratio to the
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highest that we set at 0.1 percent
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these are great funds to look at for
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your investment portfolio
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if you're interested in the best index
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funds and etfs available
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i have made a video that you might find
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useful i'll link to that in the top
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right
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if you're interested in the best index
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funds and etfs
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available across charles swamp fidelity
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and vanguard
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that'll be in the top right hand corner
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if you want to compare popular mutual
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funds
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you can click on compare funds and enter
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in funds such as
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metis sax the vanguard total stock
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market index fund
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animal shares and just a fun tip the
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total market index fund is jack bogle's
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favorite fund
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enter in fskax the fidelity total market
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index fund
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and swts x the swap total market index
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fund
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you will see a side-by-side summary of
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each fund the fees and expenses
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yields the initial minimums for each
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fund all
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useful information for investors if you
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look at performance and chart
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you'll see very similar performance
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amongst all the funds
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as they all track the same underlying
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total market index
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on the graph or the growth of a 10-year
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investment
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you see overlapping lines for each total
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market
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fund and see the growth of a 10 000
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investment
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to about forty five thousand dollars all
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three funds are fantastic choices and is
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the reason why
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charles swab fidelity and vanguard are
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the low cost leaders for index funds at
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etfs
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the exchange traded funds has a similar
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section dedicated to charleston
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etfs and a screener is available as well
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when you are looking at your account you
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can group by security type or none
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and use a condensed view or regular view
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you can change the settings to arrange
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the screen to the specific columns
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you want to see and the order that the
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columns appear from right to left
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you can mess around these settings to
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find what works best for you
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i have cost per share check in addition
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to dividend information
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putting costs per share right next to
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your price column will allow you to
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easily see
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what the current price of the stock is
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and what you paid for it
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for long term investing i recommend
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turning on dividend reinvestment
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so dividend paying companies buy you
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more fractional shares
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of the company let your money make you
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more money
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hope you guys found this video helpful
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if you enjoyed this content
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please hit the like button to help the
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subscribe and hit the notification bell
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for more videos delivered to you
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leave any questions or comments below i
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read all the comments
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and you guys have a great one
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