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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (11986)	7/24/1998 12:14:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 18691

Bob: This is not the appropriate thread for a prolonged debate, so I will link your response to the NTBK thread and respond briefly ( and finally) here. I think the advantages of the low cost producer are, eventually, overwhelming. There is very little brand loyalty by consumers towards banks. Banks continue to alienate their customers as they try to oligarchilize their markets. The ATM (convenience in general) issue you raise is real, I think, and that is a cost that needs to be added to the NTBK model. I think one can as well buy a loan portfolio as generate one, if one is a smart buyer, to supplement loans booked on-line. As I've written on the NTBK thread, I think there exists an opportunity for local internet banks, in order to address the marketing/advertising cost and convenience issues. exchange2000.com exchange2000.com Please join the NTBK thread, we need some critical input. exchange2000.com Thanks, Peter

To: Oeconomicus who wrote (11986)	7/24/1998 12:49:00 PM
From: Mike Milde	Read Replies (1) \| Respond to of 18691

Bob, Lack of ATM's is really no big deal. There are lots of ATM's you can go to now that don't charge a fee, making your entire ATM transaction with your NTBK ATM card totally free (all Publix grocery stores offer this, as well as other places). Even if you pay ATM fees, you won't hardly make up the difference unless you make tons of ATM transactions or keep a very small balance in the money market account at NetBank. Mike