Author Topic: IBKR - Interactive Brokers  (Read 169049 times)

oddballstocks

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Re: IBKR - Interactive Brokers
« Reply #320 on: March 08, 2017, 06:19:04 AM »
Just last week my girlfriend's Schwab account randomly showed a $0 balance. Couple phone calls got it sorted out. All technology companies have occasional glitches. Be careful not to extrapolate meaningless sample sizes.

On another note, I got my copy of Preqin's 2017 hedge fund report and was happy to see the entire back cover is an Interactive Brokers ad. Thought the ad was pretty solid...

A few years ago Fidelity had a stock in my IRA's price showing as $60,000 per share instead of $6 per share.  Instantly I had something like $13m in that account.  I called them and asked to cash it out or get a margin loan against it.  The rep laughed and said it was an error, I said they needed to help me figure out how to get the cash out...

That's not as bad as another time when an international stock I held's CUSIP changed.  I had a position that was worth about $10k that was rejournaled from a Portuguese stock into some worthless Canadian miner with $100 in value.  It took a LONG time on the phone before that was fixed.  They ended up talking to some IT person who determined it to be an error.  That was a mess.
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atbed

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Re: IBKR - Interactive Brokers
« Reply #321 on: March 08, 2017, 09:01:36 AM »
Just last week my girlfriend's Schwab account randomly showed a $0 balance. Couple phone calls got it sorted out. All technology companies have occasional glitches. Be careful not to extrapolate meaningless sample sizes.

On another note, I got my copy of Preqin's 2017 hedge fund report and was happy to see the entire back cover is an Interactive Brokers ad. Thought the ad was pretty solid...

Saw the same ad in Hedgeweek! page 6

http://www.hedgeweek.com/sites/default/files/Hedgeweek_Special_Report_Prime_Brokerage_2016_0.pdf

An article about them starts on page 7.

boilermaker75

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Re: IBKR - Interactive Brokers
« Reply #322 on: March 08, 2017, 10:52:29 AM »

Edit: I haven't gotten to entering IB transactions into TurboTax yet. I'm gonna be way more snarky when I do.

I've done mine. It is easy. If you are on a Mac don't use Safari, it won't work. You have to use Firefox.

rb

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Re: IBKR - Interactive Brokers
« Reply #323 on: March 08, 2017, 11:18:52 AM »

Edit: I haven't gotten to entering IB transactions into TurboTax yet. I'm gonna be way more snarky when I do.

I've done mine. It is easy. If you are on a Mac don't use Safari, it won't work. You have to use Firefox.
You wouldn't have that problem if you lived in Canada :P 8)

Jurgis

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Re: IBKR - Interactive Brokers
« Reply #324 on: March 08, 2017, 12:21:30 PM »

Edit: I haven't gotten to entering IB transactions into TurboTax yet. I'm gonna be way more snarky when I do.

I've done mine. It is easy. If you are on a Mac don't use Safari, it won't work. You have to use Firefox.

Not sure what you mean. I haven't found any way to import IB taxe forms into TurboTax online. Are you saying there is a way? We can take it to private messages or other thread, since it's a bit OT here.

Edit: This https://ibkb.interactivebrokers.com/article/2030 I believe only works for importing into TurboTax standalone. Not into online. Also this says only standalone: http://ibkb.interactivebrokers.com/article/2042
« Last Edit: March 08, 2017, 12:28:01 PM by Jurgis »
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boilermaker75

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Re: IBKR - Interactive Brokers
« Reply #325 on: March 08, 2017, 12:40:54 PM »

Edit: I haven't gotten to entering IB transactions into TurboTax yet. I'm gonna be way more snarky when I do.

I've done mine. It is easy. If you are on a Mac don't use Safari, it won't work. You have to use Firefox.

Not sure what you mean. I haven't found any way to import IB taxe forms into TurboTax online. Are you saying there is a way? We can take it to private messages or other thread, since it's a bit OT here.

Edit: This https://ibkb.interactivebrokers.com/article/2030 I believe only works for importing into TurboTax standalone. Not into online. Also this says only standalone: http://ibkb.interactivebrokers.com/article/2042

Sorry, I'm not using online. I have Turbo Tax on my Mac so I download a txf file from IB and import to TurboTax.

What I found is the txf file is screwed up when downloaded with Safari but is OK when downloaded with Firefox. This has been the case for at least three years.

Jurgis

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Re: IBKR - Interactive Brokers
« Reply #326 on: March 08, 2017, 12:45:14 PM »

Edit: I haven't gotten to entering IB transactions into TurboTax yet. I'm gonna be way more snarky when I do.

I've done mine. It is easy. If you are on a Mac don't use Safari, it won't work. You have to use Firefox.

Not sure what you mean. I haven't found any way to import IB taxe forms into TurboTax online. Are you saying there is a way? We can take it to private messages or other thread, since it's a bit OT here.

Edit: This https://ibkb.interactivebrokers.com/article/2030 I believe only works for importing into TurboTax standalone. Not into online. Also this says only standalone: http://ibkb.interactivebrokers.com/article/2042

Sorry, I'm not using online. I have Turbo Tax on my Mac so I download a txf file from IB and import to TurboTax.

What I found is the txf file is screwed up when downloaded with Safari but is OK when downloaded with Firefox. This has been the case for at least three years.

OK, thanks. I am using online. I'm aware that the standalone can import the txf. Switching to standalone would solve the IB issue, but I probably would lose info that I have in online that makes other things faster/easier. So tough choice. Probably gonna manually input IB into online...  :-\
"Before you can be rich, you must be poor." - Nef Anyo
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boilermaker75

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Re: IBKR - Interactive Brokers
« Reply #327 on: March 08, 2017, 03:36:24 PM »

[/quote]

OK, thanks. I am using online. I'm aware that the standalone can import the txf. Switching to standalone would solve the IB issue, but I probably would lose info that I have in online that makes other things faster/easier. So tough choice. Probably gonna manually input IB into online...  :-\
[/quote]

It's coming back to me. We had this conversation last year!

Jurgis

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Re: IBKR - Interactive Brokers
« Reply #328 on: March 08, 2017, 04:04:21 PM »
The advantages of Alzheimer's... I meet new friends and discuss new topics every year.  ;D
"Before you can be rich, you must be poor." - Nef Anyo
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writser

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Re: IBKR - Interactive Brokers
« Reply #329 on: March 09, 2017, 05:20:53 AM »
https://www.streetinsider.com/dr/news.php?id=12647473

Quote
Interactive Brokers Group, Inc. (NASDAQ: IBKR) today announced that it will discontinue options market making activities globally, which are conducted through its Timber Hill companies. The Company expects to phase out these operations substantially over the coming months. The Company intends to continue conducting certain trading activities in stocks and related instruments.

Thomas Peterffy, Chairman and CEO, said, “Having initiated the first automated option market making operation in the mid ’80s, which grew into the largest such business on a global scale over the next 25 years, it’s been painful for me to see it deteriorating in the last few years. But we do not have a choice in this matter. Today retail order-flow is purchased by large order internalizers and joining them would represent a conflict we do not wish to have. On the other hand, providing liquidity to sophisticated, professional synthesizers of short-term fundamental, technical and big data is not a profitable activity.

Interesting
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