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Politics : Formerly About Advanced Micro Devices
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To: Bill Jackson who wrote (107415)4/23/2000 12:26:00 AM
From: TimF  Read Replies (2) of 1578366
 
RE: here is a
power shift occuring and the clients as well as the companies are becoming empowered and one fine day we will all trade
directly with no brokers, market makers etc with an artificial intelligent(really rule driven, but complex) and then the only fee will
be what is needed to keep the system maintained. 5-10 years should see it come to pass.

That would seem to cover the trading part of the equation, but what about the other functions of a broker? Margin lending, holding stocks for your account, sending you government required paperwork, forms and information, advice and account management for full service brokerages (although I don't use those and those who do want advice can and already do pay directly for it).

I do agree that eliminating as much of the middle men as
possible is a good idea. I was thinking about investing in one of the middle men Knight/Trimark (NITE) but if maybe it isn't such a good idea. Their fundamentals look great, but if the industry in such flux it might not be worth the risk, besides I understand the company and industry less then with AMD and right now my investable funds are limited. I should have dumped (or better yet never bought) my MSFT sooner. Now I think it might gap down and at the lower price I might want to hold for some chance of a partial recovery to lessen my losses. Well at least if I sell some AMD later this year
I can reduce my tax burden by offsetting some of the gains with my MSFT losses :(, at least I have a lot more AMD then
MSFT.

Tim

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