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Contributor

Why does a NASDAQ stock that I try to purchase show up as OTC on USAA when I try to buy it? For example, EAC

2 REPLIES

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UofP,

Thanks for reaching out in Community. I will have a subject matter expert look into your inquiry and reach out. Thank you again for your post.

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The difference is this-USAA invests your money in the stock market and will average 12% on their investment (your money) then graciously pay you 1-4% for the USAA "units" the sell you at the % they choose to pay you. Basic business model.
Educate yourself by reading "Total Money Makeover" by Davey Ramsey (free at a local library). His principles will lead you to financial freedom.
Semper Fi,
Kevin