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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (5901)1/15/1999 10:24:00 AM
From: lawrence lerner  Read Replies (2) | Respond to of 10072
 
Be advised that on Tuesday all access points to schwab failed me for approximately 45 minutes -- internet, software and telephone.



To: Gottfried who wrote (5901)1/15/1999 11:47:00 AM
From: David Colvin  Respond to of 10072
 
OT *** on-line trading ***

Because of the low reliability of online trading it is advisable
to have one account that can be accessed directly from your computer,
using the broker's proprietary software [NOT the internet].


Gottfried,

This is exactly why I have my brokerage accounts (3) with Fidelity Investments. I use their proprietary Fox + software for trading and real-time quotes, and have never had a problem "getting in" or with slow performance on heavy trading days. If my normal ISP is down, I have a separate Fidelity dial-up connection that logs me directly on to Fidelity's servers.

Even though Fidelity is a discount broker they are not the very cheapest out there, but they are very reliable and offer lots of other amenities. For example, those with a certain level of holdings with Fidelity get assigned to a team of senior Fidelity traders that want to get familiar with you and tailor their services to your particular circumstance. Among the team members, they know just about anything you will ever want to know about any subject....from options trading to other techniques for making money. They even "ate" the commission on a stock when I got "hosed" by a market maker on a market buy. The SOB obviously jacked up the ask price just long enough to nailed me, then brought the ask right back down to where it was before. I was steaming about it and protested the trade. One of the guys on the team went back and looked at the transaction record and removed the commission. That just about made up for the "hosing" from the $%#@& market maker.

As far a commissions go, I can do a market order on any listed stock of 1,000 shares for $14.95. On a lot of small stocks costing less than $1, they charge only 3% of the principle...not a penny or more per share as some other brokerages do. Like I said, there are cheaper services out there but, for the money, I personally think Fidelity is the best.

For those interested, here is a link to a site that ranks discount brokers:

astro.lsa.umich.edu

Dave