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To: Spreck who wrote (76822)11/6/1998 9:15:00 AM
From: im a survivor  Respond to of 176388
 
Thanks for the advice......The problem for her is ...she is not an investor. She does not look at the market at all. Her buying on the dips would be impossible for her, as she wouldn't know a dip if it hit her upside the head.

However, that could also work in her favor. By not following the market....she doesn't have to worry about the volatility factor that could scare her into selling at the wrong time. Essentially, she just wants to plunk down her money...forget about it...look once a year...and hopefully make some money. My advice to her, with this in mind, was to simply do a little homework on the company and invest if you feel good about it. Don't listen to me...listen to yourself. As far as the discount broker...again, I think this is a positive for most investors, but you need to know what you are doing. Personally, I save alot of money in commissions on E-Trade. I think I may make maybe 7 trades a year thru my Merrill Lynch Account, and all the rest on my own via E-Trade. For somebody like Kelly, she has no knowledge and will not be trading heavy. heck, she may not make a trade for 2 years, after she is invested. With this in mind...she may be better off with a full service brokerage.....If she trades 2 trades every couple years...who cares about commisssions, while at the same time, if she will not monitor the market and her investement, it's nice to know she has her broker watching out for her. If she does well, she can always open an account with a discount broker at a later time, and do her own thing.

Anyway...Much appreciation for the advice. Happy Trading !!

KG