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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75793  
Subject: Re: Figuring true profit on stock sale Date: 1/15/2004 6:30 PM
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If YOU did the research to select the company in which you invested, and just asked your broker to execute the trade, you should be using a discount broker.
If your broker touted the stock, told you why you should buy it, provided you with a copy of the company report, and you decided to take his advice, he earned his commission. It is tacky to use a broker's time and brainpower and then go somewhere else because the trade can be executed more cheaply.
It is not the results of the trades that determine whether the commission was excessive or not. Ask who made the stock selection, how much work and knowledge was involved, and who did it.
Best wishes, Chris
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