No. of Recommendations: 0
I had a brokerage account with Discover Brokerage, a subsidary of MSDW. Last Fall I received an email that MSDW was going to abandon Discover Brokerage and my account would be with MSDW effective immediately.

Further, the email expained that my trade costs were going to increase from $14.95/trade to $29.95 per trade in February 2000. I immediately went shopping for a new online discount broker.

I considered Suretrade, but finally decided on American Express Brokerage due to low trading cost based on an alert from The Motley Fool. Accounts over $100,00.00, no cost per trade, on accounts above $25,000.00 to $100,000.00 no cost to buy a stock, $14.95 to sell a stock. Under $25,000.00, cost per trade $14.95. You may want to check their website.

Prior to investing for myself (1997 to mid 1999)in the stock market, I was the proud owner of (6) different Mutual Fund Portfolios (one with Janus Fund). I have since liqidated all but (1) Mutual Fund (Vanguard 500 Index)and invest on my own in individual stocks using mainly "mechanical strategies" found at The Motley Fool website.

My mutual funds did not increase my total porfolio balance for almost 20-months. With the help of The Motley Fool and my investing in individual stocks, I have increased my portfolio overall by over 30% since August 9, 1999.

I would suggest that you shop for a new discount broker and give careful consideration before purchasing any mutual funds (except maybe for Vanguard 500 Index). I feel like nobody cares more about MY money than I do.

Good luck and good investing.

Dave B
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.