ETRADE Sucks! Message Board

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Pastimes : ETRADE Sucks!

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To: taxman who wrote (546)	10/22/1997 9:47:00 PM
From: Emec	Read Replies (2) of 3262

Thanks Taxman. Are you a real taxman or is that just your SI name. Just curious since I am a tax attorney/CPA. I decided to stay a Schwab 500 customer, particularly after they called me today to offer me additional discounts since I am a frequent trader. The guy on my team also told me that Schwab is working on a new commission plan now which will be a "flex plan" whereby the customer can choose (within limits of course) his schedule based on how much service he wants. He said commissions would be dropping, perhaps to as low as $15 on Eschwab. If that happens, I do not see any reason why anyone would use one of those web brokers, (Etrade, Datek, Scottsdale, Ameritrade, etc.) when you can use one of the 2 largest firms in the country (the otheris Merrill Lynch). It doesn't take rocket science to figure out that they have much more clout trading than the other guys. As far as options go, I really can't say since I do not trade options. I have to sleep at night. If I find anything out, I will let you know.

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