Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: VFD who wrote (3626)	1/7/1999 11:22:00 AM
From: Quonnie	Respond to of 17183

I have DLJ and have been using this broker for 9 yrs. Not the cheapest but peace of mind on any of my transactions. NO PROBLEMS! from the keyboard. They charge $20.00 per trade and you dont have to have an escro account if you choose not too. I have a cash account. I am not connected in any ways with DLJ just answering your question. Quonnie.

To: VFD who wrote (3626)	1/7/1999 11:28:00 AM
From: JDN	Read Replies (3) \| Respond to of 17183

Dear Diego: I am planning on switching to Waterhouse, can you tell me more about your problem?? My thinking was they offer phone support plus we have an office in my town if worse comes to worse. I have been told that if most of my trades on on-line they continue to only charge the on-line amount even if I have to go to phone or personal because of problems on-line. Smart Money has rated them the best 2 years in a row. Appreciate all you care to tell me before I make the switch. JDN

To: VFD who wrote (3626)	1/7/1999 11:36:00 AM
From: Lynn	Respond to of 17183

OT Diego, I use Schwab. It is also not the cheapest ($29.95 per trade up to 1,000 shares) but I have received such good service I have never even considered shopping for a new on-line broker. My Schwab account go back to before there were on-line brokers. I don't know about other on-line services, but with Schwab, you can get quick and extended quotes over the phone as well as via the web. Depending on the size of your account, you might be interested in knowing they have something called preferred clients [not sure if this is exactly what it's called]. People with $500,000 accounts automatically become one of these. This means that if you have any trouble making a trade via Schwab's web site, even if it due to your own hardware [PC down, awaiting the repair guy], you can call a special 800 number and make your trade with the same commission as over the web. Lynn

To: VFD who wrote (3626)	1/7/1999 11:53:00 AM
From: dennis michael patterson	Respond to of 17183

I use Brown. 5 a trade at market. There are some problems, but they work em out.

To: VFD who wrote (3626)	1/7/1999 11:56:00 AM
From: jcmoore	Read Replies (1) \| Respond to of 17183

I use Datek. Free real time quotes. Portfolio updates right away. Emailed confirmations. Paper accounting a little slow sometimes, but they eventually get it right. $9.99 for any trade of 5000 shares or less. Does not handle option trading. jcmoore

To: VFD who wrote (3626)	1/7/1999 12:18:00 PM
From: Loren	Respond to of 17183

Diego - (I used to have a full-service broker named 'Gouge'... needless to say, he earned his name... LOL) Now, like Lynn, I use Schwab... I am an active enough trader to be in their 'Schwab 500' group, which means that there is a team of 7-8 Schwab brokers responsible for a group of 499 other clients + ME. I get an 800 number which connects me to the same 7-8 people all the time. They will do all kinds of things for me you might not expect a Schwab to do... one time, for instance, one of the Schwab guys watched for an IPO for me (I wasn't eligible to participate directly). He called me 2 minutes after it opened, I jumped in, and got out about 50% ahead at the end of the day. Schwab is definitely not a 'NO-service' discount broker, like some of the others. I use web trading MOST of the time ($29.95/1000 shares), unless I am buying 500,000 shares of a stock at a $.05/share. :-) If I am in an airport, and want to make a trade, I use Tele-broker (touchtone phone). It offers a discount off the 'normal' commission (what you would pay if you called a broker). I like Schwab because I get IMMEDIATE feedback on my trade, and they have on many occasions gotten me some 'price improvement', meaning they got the shares for lower than what I demanded (on market orders and/or limit orders). Also, via the web, you can request ALL kinds of information to be faxed or e-mailed to you. S&P reports, First Call Reports, Schwab reports, etc. I guess you could do this all day long, with no complaints from them; I get maybe a report or so a week. I get it by e-mail, and can read it in Acrobat Reader. To me, Schwab represents an EXCELLENT balance between price and SERVICE; and that is exactly the niche they are trying to serve. BTW - I'm not an employee of Schwab... LOL... even if it sounds like it. Loren