Not really hard to switch OLBs. It takes 5 minutes on-line to apply to another OLB, 45 seconds to download, sign, and mail the transfer form (oh, and a 33 cent stamp), and you then get to wait 2-3 weeks while your account is frozen.
Now, while active traders may hate having their accounts frozen, most of you E-Groupies profess to be buy and hold kinds of people. In fact, that the counter-argument I've been hearing: "we E-Groupies of the world are buy and hold; we believe in the company, and we will buy on dips and hold until it runs." Therefore, if you are buy and hold like the Motley Fools, then waiting 2-3 weeks for an account transfer is meaningless.
It's not hard to switch OLBs. |
