--OT--
Thread,
Did anyone see the WSJ today? On page C1 is an article quoting Merrill Lynch as saying that on-line trading is bad for investors. John Steffens, ML Vice-Chairman, is quoted as saying, "The do-it yourself model of investing, centered on Internet trading, should be regarded as a serious threat to Americans' financial lives."
Apparently, ML is worried that investors will trade too much at the expense of long-term returns, according to the article.
ML is planning, by the way, to offer on-line trading (according to the article), with full commissions.
Comments?
TCG |
