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Politics : Ask Michael Burke

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To: Tommaso who wrote (86947)	12/15/2000 4:58:32 PM
From: Freedom Fighter	Read Replies (1) of 132070

T, >>But I wonder if this got rooted back when it could cost you a commission of $150 (I think) just to buy 100 shares of a $50 stock. << You hit the nail on the head. But there are other factors too. A lot of people have most of their net worth in retirement accounts. Taxes aren't part of the equation. That wasn't the case years ago. Spreads are narrower. Finally, the man on the street has access to online trading, real time quotes, instant news, outstanding bids and asks, etc... All of these increase the probability that trading actively may work out much better than in the past. I still prefer buy and hold because of the time and energy involved, but even I trade more actively these days. Wayne

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