Re: [CANSLIM] Schwab Sux

From: dave.bigham@us.abb.com
Subject: Re: [CANSLIM] Schwab Sux
Date: Thu, 7 Mar 2002 11:23:47 -0500

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This brings up a slightly off-topic question.  What discount on-line brokers are
"acceptable" or good?  Are there any hidden costs? I have heard things like some
may have higher bid-ask spreads and thereby make up for low commissions that
way.

Any other thoughts are welcome.

Dave Bigham


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  |"Tim Fisher" <Tim@orerockon.com>                                        |
  |03/07/2002 10:50 AM                                                     |
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Please respond to canslim@lists.xmission.com

To:   canslim@lists.xmission.com
cc:    (bcc: Dave Bigham/USINY/ABB)
Subject:  [CANSLIM] Schwab Sux

Security Level:?         Internal



I was never that happy with my Schwab 401k account, and now they have added
the straw that broke the camel's back. Seems they now charge a $3.00
"handling fee" on both ends of their already expensive commissions ($29.95;
the former volume discount is gone). I am pulling it and giving it to
Etrade today. The worst thing is, it's a new fee as of March 1 and they
didn't even have the courtesy of notifying me. Just slapped it on. If I had
known I would have opened an Etrade account immediately, which I guess is
why they didn't tell anyone.


Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com









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