To: accountclosed who wrote (88571 ) 1/16/2001 5:42:02 PM From: Knighty Tin Read Replies (1) | Respond to of 132070 Ant, I am not as big a cheapskate on commissions as I am on other things. In this case, most of the stuff has to go through real brokers, though at a discounted, or, what they call "negged down" rates. Still much higher than the discounters and more than worth it. Brown is great, but they simply can't handle a lot of my trades. Nor can any discounter. They don't do futures at all and they can't really do option spreads well enough to use them. They are also nowhere in bond trades, metals or currencies and in foreign stocks and bonds, fuhgettaboutit. For the partnership, I used a full service Japanese brokerage firm which required me to give them a bit of on the job training for much of this stuff. To the credit of the folks I talked to, they learned fast. For my own stuff, I will use a Brown or other discounter for closed end preferreds and some of the stock trades where I actually have the stock involved. But I use them much more for 90/10 and capital appreciation than for the Max Income. The commissions I pay a full service firm are more than compensated for by a wider variety of trades available and capital risk to place my orders. So, I use Smith, Barney, Merrill, Prudential and Paine Webber. They have major resources in the areas where I play. I use Janney Montgomery in the cap app portfolio, but not for 90/10 or max income. I would use some of the major futures only houses, but they don't seem to have their acts together in allowing me to integrate the collateral to hold the positions. The big firms do. When it comes down to it, I am willing to pay $100 in commissions to make an extra $1000 in return. I'm nice that way. <g> So, when I can get the same thing cheaper, I definitely go for cheaper. But when I need to play for keeps in more exotic strategies and instruments, I look for somebody who won't be confused and dazed or simply unable to do the trades. However, I will make the comment that finding a good salesman to coordinate the trades is getting to be a tough chore. The old brokers knew everything. The guys I call now say, "yeah, I hear you about a credit spread in palladium futures. You really ought to be in a variable annuity from Putnam." <G>