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Non-Tech : Waterhouse Securities

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To: Peter Speyer who wrote (130)	10/13/1997 9:56:00 PM
From: Zeuspaul	of 2076

What online brokerages offer a better deal on mutual funds? I have been looking but I haven't found anything better yet. I am not looking for a fund family such as Vanguard or Fidelity because their deal is only for their own family. I am looking for an online broker. >>Only downside I find is Waterhouse will charge you $25.00 per transaction if you make more than five sell transactions in a single account on your collective mutual funds. This includes the "no-transaction fee" funds. I would not use Waterhouse if my main interest was mutual funds, since you could not reallocate assets economically if you owned more than five funds, or if you wanted to do so more than once a year. I suppose you could open separate accounts, with one or two mutual funds in each, but that would be silly,when other brokerages are available.<<

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