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Non-Tech : E.Schwab problems -- Ignore unavailable to you. Want to Upgrade?

To: Mark Z who wrote (677)	10/26/1999 12:00:00 PM
From: Gary M. Reed	Read Replies (1) \| Respond to of 1401

I agree...100%. As far as the "multiple accounts" argument, that is quite a dilemma for me. I manage accounts for individuals (kind of a quasi-investment advisor/hedge fund relationship...where my compensation is based on a percentage of total return each year). Multiple accounts are fine, except, if you're maxed out in buying power in both accounts, and you need to cover in the other account due to an outage, it's not practical, besides, squaring the accounts when both accounts are in equilibrium can cause weird transactions and costs. Having multiple accounts is a "must-do" in active trading accounts, but to say that it is the elixir for one brokerage being down is a misnomer. It only works that way if you have the contra-account sitting in 100% cash, which is not practical 99% of the time. Good luck, Gary