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Gold/Mining/Energy : Day trading in Canada

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To: Kevin Hamlin who wrote (1054)11/5/1998 8:58:00 AM
From: the Chief  Read Replies (2) of 4467
 
Chief...and others..in NO WAY am I trying to dampen your enthusiasm for making things better. I absolutely applaud it. I'm only suggesting that each of you/us take a look at your current brokerage and assess the possibility of them changing. If the answer is something akin to "ya, if I live that long", then ditch them. You owe them nothing and you'll be doing yourself a BIG favour.

So that's my comment. Hope I haven't offended anyone along the way!


Not at all! However let me give you an example of "Canadian complacency"!
I had just moved to a community in Ontario. The big bitch on the street was "we were promised sewers on this street 9 years ago, and still don't have them"!! I talked to everyone on the street, all of them said they had gone to "town council" raked them over the coals, called their councellor, bitched to him/her. Appeared at ton council meetings and demanded satisfaction! Wrote letters and generally made life miserable for the "establishment"!

So I talked to present and past councillors and present and past mayors! They categorically stated "it was something they knew about...but nobody really complained"!! I checked the towns minute registry for all council meetings back many many years! NOT one agenda item reflected "the concern" or even "the topic"!!

I placed it as an agenda item for the next town council meeting! I spent hours working out costs. I wrote the Ministry of the Environment because these homes are on the river, and received from them an "environmental advantage letter". I put so much pressure on the council that 11 months later we had sewers!!!

Whats my point!! For as long as we (Canadians) believe we are a lesser species and deserve inferior performance because of our lack of size.........we will get what we deserve. I don't care that Citibank is xxx zillions times bigger than the Royal Bank! Primarily because the Royal Bank is "OUR CANADIAN" bank, as are all the others.
"If we consistently expect less from them, they will consistently provide it, while ever increasing the appropriate fee"

Ask yourself this. If e-trade provides you opportunity to trade for XX dollars and executes the trade in 20 seconds. The Canadian Banks provide you with an opportunity to trade for XX dollars and execute the trade in 14 minutes. If "XX dollars are the same, is one facility overcharging?? Its your money!

I do not accept mediocrity from myself, and I sure as hell won't except it from Canadian Banks!!

Thanks for getting my adrenalin going again!!

the Chief


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