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Pastimes : CTSL -- Ignore unavailable to you. Want to Upgrade?

To: Larry Weiner who wrote (1221)	12/24/1998 1:58:00 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 1354

Larry, To keep things in context: Some full service brokers charge as much as $295 for a single TRADE, and often their advice on specific stocks is just as bad or worse. A real top-notch money manager will charge 1% per year or more, usually with minimum portfolios of $1million and up. So expecting a whole lot for $295 (tax deductible, BTW) is not realistic. It's useful for getting ideas and maybe some understanding of what is going on and what's driving different companies. I think the move to avoid CSCO was stupid too. I recall the issue well, he had great things to say about CSCO, BAY and COMS then put a "wait to buy" or "too expensive" on all of them. I read through the detail and bought all three. In the same way I bought PSFT three days ago. Another "wait to buy" because he thinks there's going to be "window dressing" related sales through next week. Reality is that most money managers are gone until the 4th and window-dressing is mostly over. Typical problem: Identify good stocks at good values, then don't buy them becuase there's some reason they probably are going to get cheaper soon, and you wouldn't want to buy above the absolute bottom. Too nitpicky for me, but that's what I have my own brain for. mg