Intimidating Endeavor

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I remember opening an account on eTrade.com about ten years ago and it wasn't too bad.  Today, I finished opening my account on thinkorswim.com and I have to admit being a bit overwhelmed by the experience.  They expect someone to read and sign a mountain of agreements with mind boggling, semi-comprehensible, legal-ease.  I printed some of the agreements, but not all of them.  The list of forms includes:
  • AMEX Agreement
  • CME Vendor Agreement
  • IRA Financial Disclosure
  • IRA "Simplifier"
  • NASDAQ Agreement
  • NYSE Agreement
  • OCC Disclosure
  • OPRA Agreement
  • Penson Privacy Agreement
  • Roth IRA Agreement
  • Roth IRA "Simplifier"
  • Signature Cards
I am going to wait until I can get a live person on the phone before I start funding my account.  I have funds in other places, but I want to consolidate it all into one place so that its easier to take care of.  There's also the matter of account maintenance fees.  The brokerage I'm using doesn't charge any.  The two companies where I have Roth IRAs charge $10-15 each year in maintenance on top of their 12b-1 fees.  That seems silly to me. Well, I'll take a deep breath and plug away at it again later.

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This page contains a single entry by Rick published on May 11, 2009 5:15 PM.

Slowly Getting Started was the previous entry in this blog.

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