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From: franka@mmintl.UUCP (Frank Adams)
Newsgroups: net.invest
Subject: Re: Stockbroker costs
Message-ID: <863@mmintl.UUCP>
Date: Tue, 10-Dec-85 14:46:34 EST
Article-I.D.: mmintl.863
Posted: Tue Dec 10 14:46:34 1985
Date-Received: Mon, 16-Dec-85 05:31:26 EST
References: <11166@ucbvax.BERKELEY.EDU>
Reply-To: franka@mmintl.UUCP (Frank Adams)
Distribution: net
Organization: Multimate International, E. Hartford, CT
Lines: 16

In article <11166@ucbvax.BERKELEY.EDU> mazlack@ernie.UUCP (Lawrence J. Mazlack) writes:
>ALTHOUGH I USE DISCOUNT BROKERS TO HANDLE 90% OF MY TRADES, I STRONGLY
>RECOMMEND THAT YOU CONSIDER QUESTIONS OF EXECUTION QUALITY AND BOOK KEEPING
>QUALITY AS WELL AS BROKER COSTS WHEN SELECTING A BROKER.

You forgot to mention financial soundness.  Large, well-backed firms are
less likely to go bust than small, independent ones.  (I use Schwab, by
the way, and have had no problems with them.  My trading volume is not
high, however.)

Another important point is diversity.  Don't have all your assets managed
by one institution.  I would recommend at least having a substantial
money market-type account separate from your brokerage account.

Frank Adams                           ihpn4!philabs!pwa-b!mmintl!franka
Multimate International    52 Oakland Ave North    E. Hartford, CT 06108