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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (21251)	7/25/2002 9:25:37 PM
From: lee kramer	Read Replies (1) \| Respond to of 26752

Hi Velo: You're right. But this is nothing new, it's been going on for a long time. The "best" brokers are the best salesmen, 'cause they make money for the house and themselves. And is there a house on the Street (or anywhere) that doesn't have a morning sales meeting? Heck I was a broker, (called a Customer's Man, then Account Executive) once. Had to hide my charts (hand-drawn in those days) in my desk. The wire house had it's Master List drawn up and shuffled by it's crack Research Staff. I thought it was bad then. It's much worse now. Good to know you treat your clients well. You and they will do much better.

To: velociraptor_ who wrote (21251)	7/25/2002 9:31:05 PM
From: Susan G	Read Replies (2) \| Respond to of 26752

One thing I can say about this guy, is he never churned. He would call me no more than once or twice a year to suggest changing allocation of one of the funds. Sometimes not even once a year. Really nice guy, I met him and his family in the Caribbean, so it wasn't your usual fund broker arrangement where you never meet them, you only know their nme and voice on the phone. And he made puny commissions from me. A few hundred bucks a year. But oh, did they have load fees, back end load fees, etc. etc. The firms "favorite" new funds (with incentives to sell em I'm sure) I've actually kept track of the funds I had back then, kept them in a yahoo portfolio. To compare performance <g> Without any extra year end shares or dividends added, the accts wound be worth 33% less than they were in 1998 if I left them there. The dividends and capital gains given as extra shares would have improved that number also. Wonder how that compares to the average funds performance the last 4 years, any idea? BTW, you've had some awesome calls lately : )