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Strategies & Market Trends : Buffettology
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To: Fredman who wrote (3364)10/17/2003 2:18:13 PM
From: Shane M  Read Replies (1) of 4690
 
Fredman,

FWIW, I changed my broker from Ameritrade to Scottrade
following Ameritrade's buyout of Datek. I loved Datek,
but Ameritrade seemed to come in and muck things up. To
me Datek had a better name and user site, and Ameritrade
screwed up everything I was used to. The kicker that made
me move though was the high expenses Ameritrade instituted
following the buyout. Trades only went up a dollar, but other expenses went up alot. Also was hard to get a reply from a live person following the merger as all questions
were funnelled to the FAQ which as we know often doesn't
answer the question.

I honestly don't like Scottrade as much as what Datek used to be, but Scottrade's low expense philosophy suits me, especially since I often hold stocks through spinoffs, buyouts, etc which is now expensive with Ameritrade.

Shane
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