Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site cbosgd.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!ihnp4!cbosgd!rbg From: rbg@cbosgd.UUCP (Richard Goldschmidt) Newsgroups: net.invest Subject: Re: Discount vs Full Svc Brokers Message-ID: <708@cbosgd.UUCP> Date: Tue, 15-Jan-85 16:01:27 EST Article-I.D.: cbosgd.708 Posted: Tue Jan 15 16:01:27 1985 Date-Received: Wed, 16-Jan-85 05:34:20 EST References: <1223@trwrba.UUCP> Organization: The Silver Lining {Columbus Bell Labs} Lines: 17 >One last item. A full service broker usually charges quite >a bit more for low priced stocks. That is, the comission >on 1000 shares of a $4 stock will be more than the comission >on 100 shares of a $40 stock. Perhaps 4.5% vs 2.5%. Anyway, >do your own investigation, and I vaguely remember this subject >being discussed in the Money Magazine a year or two ago. I have found that the discount brokers I investigated charged substantially MORE for option transactions than my full service broker (Thomson McKinnon). Also, since the price action on options is so volatile, I can ask my broker to monitor one or two constantly and let me know about significant fluctuations. I have never been able to get this level of service from a discount broker. So for option trades, a full service broker may be much better... Rich Goldschmidt {ucbvax,ihnp4,decvax,allegra} !cbosgd!rbg ARPA: cbosgd!rbg@ucbvax