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Author: cstillwell55 Two stars, 250 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1107  
Subject: Broker gets the last laugh Date: 11/14/2007 11:26 AM
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I finally transferred my accounts away from a full service broker. Overall he had been under performing the market and in fact had lost money in my IRA account. I had run some analysis and found that I would have done better if I had just put everything in an S&P 500 index fund. The only one who seemed to be making any money was the broker collecting all the commissions and fees. The latest was $125 transfer fee per account. With a regular and Roth IRA for both my wife and I, a joint account, and two custodial accounts that comes to a total of $875.

I was doing better on my own before going with the broker and I'm confident that I will do better without him.

~Stillwell
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