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Non-Tech : Discover/Lombard Brokerage. -- Ignore unavailable to you. Want to Upgrade?


To: Emec who wrote (63)3/10/1999 9:03:00 AM
From: Mark Z  Read Replies (1) | Respond to of 180
 
I didn't do the research for Barrons and I don't know their ties (if any) to Dean Witter (how much the latter advertises in the former, etc.). All I can suggest is go ahead and try it and see for yourself <g>. I'm also not sure what Barrons' criteria are but I do know mine!! And one is a solid options broker which Discover most certainly is not. I'm fairly certain Barrons didn't look into that.

ALSO....up until mid-1998, Discover was really good. Then shortly after the Dean Witter merger, it seemed to go straight downhill. So I'd discount any surveys (Smartmoney) done prior to the past few months.



To: Emec who wrote (63)3/10/1999 5:44:00 PM
From: GREATMOOD  Read Replies (1) | Respond to of 180
 
"Can someone please explain how Discover was voted best online brokerage by Smartmoney in 1998 and best one by Barrons for 3 years in a row including a perfect 5 for trade executions?"

David,

The only explanation I can think of that answers the question you asked above is that Barron's and Smartmoney never tried trading through Discover Brokerage. If they had to wait on the phone as long as Discover's customers did, they would never have made their publishing deadline!

GM



To: Emec who wrote (63)4/2/1999 1:15:00 AM
From: General Crude  Read Replies (1) | Respond to of 180
 
They use to care about the customer. If the customer thought there was a problem they usually waived commissions on the trade or the next trade. Now that Dean Witter owns them they make $$$ the old fashioned way; they screw you out of it. Discover has gone downhill. Won't be #1 in 1999 unless they pay the pollsters off.