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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (48779)2/25/1999 7:08:00 AM
From: John Dally  Read Replies (1) of 132070
 
Hi Michael,

I've used both Brown & Co. and Schwab. I liked Brown because of their very low margin interest rate, but, unfortunately I got kicked out for using their margin department as a morning wake-up call service. -g-

At the time I had both accounts, however, Schwab had lower commissions on stock options. Over the WWW right now, Schwab charges less than $40 for 10 $2 puts and less than $60 for 10 $5 puts. How's that compare with Brown?

I also had an E-trade account for a while. The commissions on options were also higher at E-trade than at Schwab and I quickly closed the E-trade account when I realized that I couldn't use their system whenever there was any significant market volume. -ng-

Schwab, on the other hand, is now holding up quite well on the high-volume days. Of course I'm still impatiently waiting to see how their system will hold up when it undergoes the BK test. -g-

Best regards, John.
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