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To: Jim Patterson who wrote (63050)	9/1/1998 6:37:00 PM
From: LWolf	Read Replies (2) \| Respond to of 176387

Jim your comments to Chuzz raise a question in my mind about brokers' advice in general. Are you familiar with Donald Cassidy's book, "It's when you sell that counts"? One of the main points he makes early on is that brokers are in the business of making money through their advice to their clients, for buying stocks. Typically they don't advise the selling unless it's to buy another stock they are 'advocating'. Often the purchase or sale is not based on ensuring the customer is in the best stocks in the market or when it's appropriate to sell (based on company fundamentals or earnings targets). I'm not sure if financial planners are much more altruistic. I think it's rather sad about the client who lost ~180K, but in my view he should be doing whatever he can to learn about the markets and the companies he's investing in; putting less trust in brokers and more trust in himself. There are a lot of folks that won't deal in stocks because they don't have the time to devote; in which case a top mutual fund might be better for the person. There is a huge movement going on because of the internet where the individual has more information to make wiser decisions. Plus new trading systems will benefit all investors/traders better than they do today. (you are probably already familiar with OptiMark reference in September's Business 2.0 p58) The role of brokerage houses and brokers will be dramatically different in the next 5-7 years. Core portfolios will become self manageable. Have you seen the SI mission statement recently? Mission Statement Silicon Investor is a virtual company, a network of highly knowledgeable individuals from around the world who are dedicated to discovering the truth and uncovering the best investment opportunities. Financial information is no longer an exclusive privilege of Wall Street and its contingent of analysts and brokers. SI seeks to bring a new financial order to Wall Street... one that benefits individual investors. Everybody is learning. The internet is changing everything. Everybody is becoming more knowledgeable; and this includes their knowledge about investing and the companies they invest in. If this client you referenced buys stocks again, I hope, for his sake, he does buy DELL. Laura

To: Jim Patterson who wrote (63050)	9/1/1998 8:18:00 PM
From: Don Martini	Read Replies (1) \| Respond to of 176387

Jim Patterson, our jubilation is explained by Luke 15:3: I tell you there will be more joy in heaven over one sinner that repents than over 99 righteous ones who have no need of repentance. Recovering what was lost gives both God and humans delight! And our Heavenly Father likes to see us happy: I commended rejoicing, because mankind have nothing better under the sun than to eat and drink and rejoice, and that it should accompany them in their hard work for the days of their life, which God has given them under the sun. ... Go, eat your food with rejoicing and drink your wine with a good heart. Ecclesiastes 8:15 & 9:7 So let's all cheer for Life, and Dell, and Prosperity and for Jehovah's generosity, for He is the source of all blessings! I appreciate you, Jim! Don Martini

To: Jim Patterson who wrote (63050)	9/1/1998 8:37:00 PM
From: Mohan Marette	Respond to of 176387

Jim you gotta be kiddin' me.<VBG> "Here is an example. As you know I am a broker, and I have broker friends, Some are better than other, but they are all nice people." Yeah sure Jim whatever you say,but I wouldn't use one,never have. If you were to go by Laura's prognosis and comments,y'all better find another line of work and soon. PS:Mostly I jest but I am sure there is some truth to it,NO?????