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Author: cliff666 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76420  
Subject: Re: Figuring true profit on stock sale Date: 1/15/2004 2:36 PM
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I do understand that using a discount broker saves more money, however, as sager stated, I do not feel cabable of finding investments on my own. Since I'm in school and work full time, I dont have much time to watch charts/ track 50-120 day averages, etc. I do think the broker can do this over and over again. My only experience with investing has been a few DRIPs(never over 20 shrs) and my 401K.

Almost anyone could have made money in the time frame you mention. I wouldn't trust a broker with my money AT ALL! Their interest and yours are not coincident. You lost money in a horrible time period, and the broker looks good by comparison.

Read The Fool's comments here http://www.fool.com/investing.htm?source=LN before deciding, but I have bought nothing but Index Funds for the last several years. My personal experience with individual stocks hasn't been very good, so I take the cop-out.

I decided to stop trying to get rich quick, and opted for get rich slowly, which has worked much better.

cliff
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