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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (48779)2/24/1999 10:49:00 PM
From: Steve Warkentin  Read Replies (1) | Respond to of 132070
 
LOL!!! I'm a "dim bulb" that uses Schwab.....I don't know why, I guess I like the local office that i never visit. I'm considering moving to Brown and Company....i think my money is safe with "em...



To: Knighty Tin who wrote (48779)2/24/1999 10:59:00 PM
From: Mike M2  Read Replies (2) | Respond to of 132070
 
Mike, nice letter to Time Ragazine about "The Three Marketeers" AG, Rubin & Summers. Very well said David Cohen. ho ho ho Mike Message 8019283



To: Knighty Tin who wrote (48779)2/25/1999 6:37:00 AM
From: Tommaso  Read Replies (1) | Respond to of 132070
 
Oh I wasn't talking about realities. I was suggesting that maybe some folks might THINK that Schwab was comparable to E-Trade. But I also think that a great many of Schwab's customers do follow their accounts online, and others just use some of their services free, These are the same people who have been so happy with Amazon and Yahoo. And I thought maybe a glitch might upset them if they owned the SCH stock.

By the way, I know I am paying more commissions than I need to with Quick and Reilly, but I like a place I can walk into if I want to, and from what I remember of Merrill Lynch, the people that work at Q&R are every bit as smart. They have done some trades for me in pretty obscure things--indeed, they have had to invent symbols for their computer system purely to take care of my positions.



To: Knighty Tin who wrote (48779)2/25/1999 7:08:00 AM
From: John Dally  Read Replies (1) | Respond to of 132070
 
Hi Michael,

I've used both Brown & Co. and Schwab. I liked Brown because of their very low margin interest rate, but, unfortunately I got kicked out for using their margin department as a morning wake-up call service. -g-

At the time I had both accounts, however, Schwab had lower commissions on stock options. Over the WWW right now, Schwab charges less than $40 for 10 $2 puts and less than $60 for 10 $5 puts. How's that compare with Brown?

I also had an E-trade account for a while. The commissions on options were also higher at E-trade than at Schwab and I quickly closed the E-trade account when I realized that I couldn't use their system whenever there was any significant market volume. -ng-

Schwab, on the other hand, is now holding up quite well on the high-volume days. Of course I'm still impatiently waiting to see how their system will hold up when it undergoes the BK test. -g-

Best regards, John.