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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Carl Worth who wrote (26029)	2/15/2007 3:16:00 PM
From: Paul Senior	Respond to of 78751

BAC brokerage deal seems to me to be a marketing ploy. If it doesn't work ... or maybe if it works out too well, they'll just scoot up the commission costs by eliminating the "free" trades or making the qualifications more onerous. Of course, for this thread - presumably a Ben Graham value type thread - we aren't traders here (ahem -g-), so the commission-free buys and sells might be cost effective. For me, no. I'll keep my etrade/other brokerage accounts for reasons mentioned by Carl Worth. OTOH, it doesn't have to be an either/or thing. I may consider reviewing my business dealings with BAC and Wells to see if I might be near qualifying, and so maybe having the option of an additional brokerage account. Aside: Anybody with an opinion to share on BAC at current price? "I own BAC and have for years" too, and have been considering upping my position. (a little late maybe now that the stock is near highs)

To: Carl Worth who wrote (26029)	2/15/2007 5:56:57 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78751

Wow, did I stumble on some kind of trader's corner??? Can someone enlighten me why I am hearing about "rapidly moving stocks", 1 cent difference in prices, etc. on Value Investing board? I have never used a limit order. If I want to buy, there is a sufficient margin that I would want to buy the stock for 1-2 cents more. If I want to sell, it's the same. If I spend my time trying to get "better price" of the day, I am no longer value investing, I am fricking day-trading. And I have never had good luck with that. Maybe your mileage is different. Up to last year, most of my trades were at a full service broker. You know - up to 3% a trade. And you know he wants to throw me out, since I only buy couple times a year and sell even less than that. If you are concerned about commissions and executions, you may want to check whether your portfolio turnover rate is way too high. And BTW very few people manage to outperform market with high turnover. ;)