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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (7735)	9/24/1998 2:42:00 PM
From: HighTech	of 34811

When I read that article, my first impression was, what an arrogant guy Mr. Steffens is. He said: "The do-it-yourself model of investing, centered on internet trading, should be regarded as a serious threat to Americans' financial lives. This approach to financial decision-making doesn't serve clients well and it's a business model that won't deliver lasting value." LOL The article says: "He has even compared discount online trading with gambling, saying that making 20 transactions a year in small portfolio - the norm at some Internet houses - 'is like going to Las Vegas and betting on black or red.' Seems to me he is saddened that so many people can live without someone holding their hand when it comes to making investment decisions. These guys really are starting to believe their own BS. They think only gamblers and the uninformed masses don't need their wonderful services. Make me puke now!! Transaction costs can eat you alive at places like M/L and more and more people are realizing that they can do better than these high and mighty gurus on their own at much less cost. Enough already! HiTech

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