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Great find, Conano, thanks. I believe that E*Trade's international agreements are key to the reason why a buy and hold strategy for this stock makes sense. It will be interesting to see how the two different approaches play out that E*Trade and Schwab are using--it seems to me that E*Trade is likely to get a much faster start than Schwab, although their ultimate revenue model wouldn't be as profitable as Schwab's, all things being equal (and E*Trade is betting, it seems, that they're not equal). My bet is on E*Trade's approach, though, as I think the folks who get the quickest start are usually the ones who prosper, assuming they don't screw up along the way. Plus, E*Trade has a more internationally recognized brand-name, in my opinion, and I think that will help them a great deal, also. |
