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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (7771)9/25/1998 8:03:00 AM
From: Mr. BSL  Read Replies (2) of 34808
 
Hi Tom. 50% discount full brokerage . I would not pay a full
service firm, even at a discount.

1) They could not add value to my TA input. Why play phone tag with a broker to find out if my stock is still trading above the BSL when the information is readily available to me.

2) They could not add value to my FA input. Why play phone tag with my broker to find out if the fundamentals have improved when the information is readily available to me (Valueline, Zachs).

3) They could not add value to my mutual fund selections. Everything I need is found in the P&F sector links and on Morningstar, which is free. Even for non-DWA subscribers, sector info is readily available. The CBS site charts all the major sectors.

4) When I make a bad trade based on my own input, all the information that went into the trade is available to me so that I can learn from it. If a broker recommends a stock based on the house's research and it turns out to be a bad buy, I paid tuition without getting an education.

duke60
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