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To: zurdo who wrote (7409)2/10/1999 6:22:00 PM
From: Lynn  Read Replies (1) | Respond to of 27722
 
Well, I saw a news segment on CNBC (?) a few weeks ago that was about the popularity of online brokers and MLs decision not to get into this for now, even though they are being hurt.

So, what does a company that charges Rolls Royce commissions have to do to lure back the unwashed, cheap-skate investors? Get an analyst, like Typhoid Mary, work us into such a frenzy, so insecure about our own abilities to handle our investment decisions, that we race to the closest ML office, open an account, and let our broker hold our hand and tell us, "ML recommends (fill in the blank)."

Lynn

Disclaimer: I do have an account at ML but I have not made one purchase or sale in that account for a good five years. I got annoyed with my broker, who has consistently refused to give me a discount on MLs regular commissions [something a broker can indeed do] DESPITE the fact that 100% of my purchases have been my idea, with zero ML imput. Schwab gets my business.