Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jurgis Bekepuris who wrote (26035)	2/15/2007 6:58:24 PM
From: Carl Worth	Read Replies (2) \| Respond to of 78753

jurgis- we were discussing whether WFC and/or BAC's "free" trading accounts are a threat to the businesses of ETFC, AMTD and the like...the subject had been discussed previously when BAC announced their offer, and spek renewed the subject when WFC joined the fray you may or may not think ETFC or AMTD are reasonable stocks to be discussed here...they along with SCHW have been discussed here at various times...i think ETFC is a solid value buy at the current price...i'm sure you will let me know if you think otherwise if someone is going to evaluate investing in ETFC, they ought to understand what etrade offers to its customers that would keep them from wanting to move to BAC or WFC...my comments related to etrade's service, and why they offer a compelling value proposition to a customer, that is far more attractive than a few free trades...would you think the thread had gone astray if someone started discussing annuities because they were evaluating LM? i wasn't advocating that anyone trade more often, nor do i EVER post any short term trading ideas here, so grow up another person responded asking about a broker that would give him better fills than he is apparently getting in brazil...you might think that is somewhat off topic, but i answered him anyway i think the posts were quite logical, and i don't think they caused the thread to swerve wildly off course since you yourself decided to continue it with a rather bombastic reply, i will simply state that i do dozens of transactions a month, so yes, paying a dollar a trade instead of 8 to 15 dollars makes a difference in my overall performance, not so much because of the dollar amount of commissions, but because of the flexibility it offers me to do trades i wouldn't otherwise do, or would have to pay too much to do efficiently...last year i gained 25.5%, in 2005 i gained 32.5%, and in each of 2003 and 2004, i gained almost 50%...i'm not sure how you calculate things in your ivory tower, but i'm pretty sure i did okay vs. the overall market thanks for your concern though carl