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Original Message <<mopmow: 100% (1 Vote) Someone entirely different>>
DLJdirect. I wanted a broker with a non=online service.
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I use Vanguard. I like the fact that I can transact on line, by phone, or by mail.
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Which discount brokers have the best deal for long term investors? Consider commissiion rates and management or custodial fees in your answer.
a True long-term investor isn't doing enough trades that it makes sense to obsess over fees.... the Deep Discounters NEED you to be a trader.
*i* started with Schwab because at That time, they were the only game in town.
i've stayed because: there's a local branch if i ever need one. their site has been very reliable (they have fixed *every* bug i've reported!). they nearly always answer the phone by the 2d ring. they've been willing to sit and patiently explain arcana like metals, options, Roths & foreign investing. and i like their TV ads (:
JT
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Although their on-line program is rather archaic, I like Brown & Co. I pay $5/trade and buy quantities as small as 10 shares (e.g., QQQ). They send me monthly reports. I don't trade enough for them to make a profit on me, I'm afraid, but they haven't asked me to leave.
brucedoe
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Please comment in a post on this subject. I am seeking personal experiance advice and warnings.
Long Term means the cost of a trade is not to important. Of more importance is the information on the site. I use E-Schwab and E*Trade.
I would also want a broker that can download to my financial package such as Quicken or Money. These can.
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