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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: Thehammer who wrote (30694)2/11/2019 12:26:46 PM
From: JimisJim  Read Replies (1) | Respond to of 34328
 
I don't miss the old days at all in many respects... I remember calling my "discount" broker, Jack White & Co. all the time -- it was my swing trading days... even when I had one of the old brick (and then clam shell) cell phones and would go out to the middle of our parts warehouse at VRC for privacy and calling a broker...

At first I hated it when someone (I forget who, now) bought out Jack White -- really like them... a buyout or 2 or 3 later, whatever I was with (never really changed brokerages myself, just went along with the series of buyouts that seemed to come every few months to a year) became either TD or Ameritrade (can't remember which came first) and was finally able to do my own trades online... then finally landing with a TD Ameritrade acct. after the finally buyout... been with them since that happened... it was a bit concerning and I considered about 1,000 times moving to some other outfit, but found a million reasons to procrastinate...

Those 3 accts. (taxable/retail, IRA and ROTH) combined were about 70% of my stock accts... the rest were/are with Fido from day one and have stayed there for 15 years -- IRA for my LLC/self-employment that I rolled over from a Solo 401K (yeah, I'd never heard of these before then either, but a far superior setup for someone self-employed -- also California allows for 1-member LLCs which I had to do to get paid by some of my clients)...

Now I admit I just take online access for granted... I don't trade a lot, but do tweak semi-regularly and it's nice to just do it and not have to take my cell phone someplace private at a client's offices during lunch to call a broker.

Oh, the other thing I don't miss was the stagnant market of the 1960s -- my father had set up an acct in my name at LEH when I was a kid for all the Christmas money and birthday money I got under 18 years old... that stock didn't move for 10 years... my dad told me (incorrectly I think) that investing in LEH was like a mutual fund, except it wasn't and was tradable all day long... not sure what its relationship to the infamous Lehman of the crisis, but let's just say I wasn't sorry I sold mine in the 1970s after college and never looked back.