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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (9403)	11/30/1999 2:19:00 PM
From: OldAIMGuy	Read Replies (1) of 18927

Hi Keith, Merrill is now offering such percentage deals as well. Yes, for the hyperactive day-trader it makes some sense and even for some of our AIM users. Robert G. comes to mind. He has his 401K and IRA money set up with very tight SAFE values and does much more trading than I do. His "deal" with ML is for about 1% of account value/year if I remember right. The bonus he gets is very good accounting in his reports from them. I've thought about this sort of thing. My current costs are just slightly below the 1% level on an average basis, but of course there's no "carrying cost" during flat market times. With a fixed percent, as long as we're active, there's really no parisitic loss. However in a flat year, it's 1% out the window. This isn't that different than what mutual funds "charge" their clients. The average mutual fund fee is 1.10%. Hope this helps confuse the issue for you! :-) Best regards, Tom PS: I don't find this "off topic" at all!

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