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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (29354)	4/18/2008 12:19:52 AM
From: Spekulatius	Read Replies (1) of 78683

ETFC - earnings don't look hot. Customer assets down from 190B$ to 168B$. Commissions down from 176M$ to 130M$. the new customer accounts that ETFC is touting must be of very small size. the only good news is that they survived to fight another day and the quarter is over. FWIW, I E*Trade customer and on Brownco's commission schedule (5$ market/10$limit). I like the platform and research i am getting but have moved most of my taxable account assets to WFC ( 100 free trades/year) which works well for me, so i don't have to worry about my broker going bankrupt. It appears I am not the only ones and ETFC has lost many larger accounts who were concerned that they exceeded the insurance limits inc case of ETFC demise and the accounts they are winning are small. A tough road ahead for ETFC, i think.

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