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To: Zeem who wrote (48138)6/18/1998 7:54:00 PM
From: Richard Forsythe  Respond to of 176387
 
Eschwab is very good, very reliable (even in a heavy market), very good service. $30 for a share trade (<1000 shares), $36 or so for a small option trade. Also (big advantage over the other web places) you can deposit money in a branch and buy shares immediately--no waiting for the check to arrive in the mail and be credited to your account...

schwab.com

Also, for the rich, they have special programs if you trade a lot, have more than $500k in assets, etc.

Richard



To: Zeem who wrote (48138)6/18/1998 8:03:00 PM
From: Lee  Respond to of 176387
 
Zeem,..Re:<< suggestions for new broker,>>

I use DLJ Direct and find the service to be satisfactory. Trades are $20 no restrictions. If your account exceeds 100k, you have access to IPOs and DLJ research. I believe they were also the top selection on a survey done by Gomez Advisors. (whoever they are) VBG

gomezadvisors.com

Regards,

Lee



To: Zeem who wrote (48138)6/18/1998 8:17:00 PM
From: Boplicity  Respond to of 176387
 
I use E*Trade they have come far. There was a time I had Four brokers Pru B., Merrill, Olde, and Etrade. Olde sucked big time, they were close and Etarde was just starting out. For awhile I had three then two Merrill and Etrade. Etrade was still going through growing pains so I felt I needed a back-up, I like the broker at Merrill but not his Fees though. Now I have only one about two years now, Etrade. I feel Etrade is safe enough to recommend them. Greg



To: Zeem who wrote (48138)6/18/1998 8:33:00 PM
From: FlyersFan  Read Replies (1) | Respond to of 176387
 
Does anyone know of any brokers with Cash management accounts that have the following:

investment account with money market, a seperate checking account, debit card, bill paying and one statement o summarize everything even capital gains??? I know I am asking a lot but I have to get organized here.... Thanks so much!!

Flyers Fan!



To: Zeem who wrote (48138)6/18/1998 8:51:00 PM
From: Don Martini  Read Replies (2) | Respond to of 176387
 
Hello, Zeem!

I, too, have an account with Merrill, and enjoy paying $680 for a trade BROWN will do for $10. Have used Waterhouse and First Union, both were cheaper but services unsatisfactory.

Merrill never gave a dime's worth of counsel or attention tho they had my funds 7 years. "Investment Counselor" didn't call once to suggest a trade. So last July I took over management and increased the account by 35% in 11 months, in CPQ of all things.

First Union was an expensive travesty, I'll write separately about those cowboys, pirates, bums.

Waterhouse advertises internet trading, then said my trading was "too sophisticated" for the internet and froze me out. I would call after hours and ask simple questions like, "What's my buying power?" and get an answer in a heavy dialect: "What do you mean?" They promised rates I never got. Quoted one price for a completed transaction, then the confirmation ticket showed a worse execution. The manager promised to straighten it out, never did.

Finally put my account with Brown & Co. Trades are $5 and $10
and executed cleanly and correctly, sometimes beat my bid or ask price. Only one thing, some of their agents are so cold and indifferent as to be almost rude. I'm a southerner and like a voice with a smile; was so put off by their coldness that I witheld opening an account for more than 6 months. Manners count!

The Brown statements are easy to read, less complicated than
the other 3 brokers I've used. They require less reserve [maintenance deposit] than Waterhouse on short option trades.

I like a broker I can walk in to see and deal with face to face if there's a problem. Brown has offices in many cities.

My son opened and account with Olde, deposited $400,000. After the account cleared they refused to let him short Puts, so he smiled and closed the account. Good thing, because the broker was pushing COMS right before it crashed 40% Son made six figures in less than a year shorting Dell Puts. Owns Dell shares too.

Both of us lost most of our winnings when CPQ tanked. Made the mistake of thinking CPQ's slide was a pause while DEC got absorbed, meantime CPQ execs were bailing out. As to Herr Pfiffer, or however you spell it: YOU CAN'T MAKE A GOOD DEAL WITH A BAD DUDE!

This is my first post. I've been learning on this thread for about a year, and run up quite a bill for good advice. Hope this helps. Michael's a Good Dude. Ought to be, since he's Deep in the Heart of Texas!

Don Martini



To: Zeem who wrote (48138)6/18/1998 11:58:00 PM
From: K. M. Strickler  Respond to of 176387
 
Z,

I use Fidelity Investments for the several accounts that I have, and trade online. Active trading is ~$15 (33 trades per year), inactive trading is ~$20 (<33 trades per year), plus a few pennies for the SEC transfer on the sell side. Those are for trades <1K shares. Above 1K shares, there is a $0.03 per share cost added.

Additionally, there are several 'levles' of support, that require more bucks, up to 'full serve'. You can trade via touch-tone phone if you can't access your computer (out of town or something).

Their web address is:

www.fidelity.com

Go take a look.

Regards,

Ken



To: Zeem who wrote (48138)6/19/1998 8:59:00 AM
From: angel  Respond to of 176387
 
Zeem,

I use both Schwab 500 and Fidelity. Schwab 500 is a special
account type for active traders. They have a dedicated team to support
members and even an option specialist team. Trades are $30 for up to
1K shares if you trade over the Web of phone. You need at least $50K
combined assets in all accounts and make at least 3 trades a month on
the average. They order execution is very good about half of the
times they will improve the price on limit orders which helps a lot when trading options. Their 500 team has very good access to
research information.

I used Fidelity for my Keogh retirement account. They allow option
trading (Level 2) in these accounts which keeps Uncle Sam away from
my option gains. They also have very good order execution for about
$30 a trade under 1K shares.

Hope this helps.

Angel.