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Non-Tech : Figure the True Commission

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To: EddieMacG who wrote (3)5/3/1999 12:55:00 AM
From: Richard James  Read Replies (1) of 6
 
You are right on the money about the value of good executions and price improvements, which is a separate point that I thought to comment on in my early morning ramblings. Check the time of my posts.

I thought to comment on the value of good executions and their over-riding importance vis-a-vis commissions, but my primary intent was to first establish the true cost of doing business with a particular broker. Only if one understands the costs of doing business can they compare the value of good executions and price improvements to the the cost of commissions.

BTW, I have pretty well made my mind up to either move my own account from one of the deep discount brokers to Fidelity or one of the other brokers as I realize that the cheapest broker may actually be cost a great deal. I am also looking at access to IPOs and premium information services. May I ask who you are using, and if that is too personal, who you might recommend for someone doing just a few trades per month. I left Fidelity because they wouldn't give me active or spartan trader rates since my funds are in several accounts. Consequently, I am looking pretty hard at DLJ Direct, as they will treat my linked accounts as one for purposes of qualifying for participation in IPOs and free premium research. This guy at Yammer also has my interest.
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