I'm not sure if I get the point of your posting. Are you bashing FTU, complaining about on-the-ground banks in general, or promoting E-trade? On-the-ground banks have expenses online banks do not have. Of course they can not pay as much interest as (low overhead) online concerns. Not everyone wants to deal with online banks, however.
On this part, I'd like some more information:
"Now what about your online broker commission of $25 per 1000 shares. I can trade elsewhere online, with the same or better services, for at least 1/2 that price. .."
I assume you have some first hand knowledge of FTU's online brokerage accounts since you comment on FTU's service. I do not. Do their online accounts give customers access to FTU's research analyst reports? Would you please expand on what FTU's services [online brokerage] are?
Personally, however, I do not see how one can compare an online broker that offers stripped down, basically, trading execution with one that also offers reports from their company's analysts. If FTU charges $25/1000 shares, this is better than either Schwab or ML, who both charge $29.95. Schwab doesn't really even have a team of analysts.
Lynn |
