Go to Jeff Salisbury LWGate Home Page.From: Richard Jenkins <richjen@microsoft.com>
Subject: RE: persfin-digest V5 #9
Date: Mon, 4 May 1998 15:52:57 -0700
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- ------------------------------ Date: Mon, 04 May 1998 14:28:02 -0500 From: "Carol B. Tan" <Carol.Tan@us.coopers.com> Subject: Online Trading I hope this is the right address to post this: I am checking to see if anybody has had experience (good or bad) with online trading companies such as E-Trade, Datek, Lombard, etc. Is this as reliable as going through a live broker if I already know which stocks I want to purchase? Why is there a difference in the fees (ranging from $9.95 to $19.95) aside from the variance based on the number of shares purchased? Thanks! Carol. Carol -- Here's a site that you may find helpful http://www.sonic.net/donaldj/. A guy by the name of Don Johnson compiles newsgroup comments from all over the Net about people's experiences with online brokers. You will also find a more readable version at http://www.moneyinsider.com. As for the reason that prices vary, it depends on how badly they want your business. Also, most of the smaller brokers are getting a kickback of two or three cents a share from their trading correspondents. Richard Jenkins Editor Microsoft Money Insider www.moneyinsider.com - -
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