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Non-Tech : Bid /Ask Spreads - Market Manipulation
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To: Reginald Middleton who wrote (220)11/29/1996 10:43:00 AM
From: ----------   of 308
 
Hi Reginald:

There are both pro's and con's to wrap accounts. Rather than even
open that can of worms, IMO, the fees I'm charged for some person
to manage my money, (be it an advisory firm/wrap arrangement/mutual
fund,etc.) are really irrelevant AS LONG AS they make me more money
than I can make myself!

I'm just an old "cigar box accounting " kind of guy. If I put $100
in two boxes, and at the end of the year the box I was in charge of
has $110.00 in it, and the box the advsisor was in charge of has
$120.00 in it... the fact he took $4.00 for his services is fine
with me.

Anyway, I agree with your original point. The mention of fees
just got me up on my soap box. No offense intended.

Regards,

Doug
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