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From: stern@inmet.UUCP
Newsgroups: net.invest
Subject: Re: Discount Brokers
Message-ID: <1892@inmet.UUCP>
Date: Tue, 15-Jan-85 02:55:42 EST
Article-I.D.: inmet.1892
Posted: Tue Jan 15 02:55:42 1985
Date-Received: Thu, 17-Jan-85 04:12:10 EST
Lines: 24
Nf-ID: #R:uokvax:-290000200:inmet:4300007:000:1165
Nf-From: inmet!stern    Jan 13 13:42:00 1985

I use Fidelity Investment Discount Brokerage for a number of reasons:
(a) They're right here in Boston
(b) They're very competitive as far as discounts go
(c) They are extremely easy to deal with, especially since I have a
    Fidelity money-market account and all of my transactions are 
    conducted through this account.  All I have to do is make a phone
    call.

I must admit I've been looking at switching to Charles Schwab, since
I think their rates are roughly the same, and money-fund switching
is also available.  A few months ago, there was an article in "Barrons"
that pointed out a few problems with discount brokers -- not executing
transactions, executing them late or at the wrong price, etc.  I 
can't remember exactly which brokerage houses were mentioned, but it
might be worth the time to read the article before choosing a house.
I believe it was in Sept or Oct (I'll check the old notebook and see).

Hal Stern
ihnp4!inmet!stern

Disclaimer:
I have no affiliation with Charles Schwab, Fidelity Investments, "Barrons"
magazine, or any other firm outside of my employer.  These views are my
own and are therefore probably not everyone else's.