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To: JZGalt who wrote (3902)9/12/1999 5:28:00 PM
From: Gary Korn  Respond to of 10027
 
JZ,

Options are a big factor, which your equation should include. If you did, the numbers would come a lot closer, even comparing against Watehouse.

The account is not meant for daytrading, but if you did trade actively and left a lot in cash, your fee would be much smaller, down to as little as $2,500/year for an all cash position in a 1M account (a dumb idea).

Lastly, of course, Waterhouse has no Visa fee rebate program that I'm aware of.

Gary Korn


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