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Author: WilliamLipp Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79104  
Subject: Re: On Line Trades Date: 9/5/1999 9:30 PM
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RUMBYE Date: 9/5/99 9:14 PM Number: 13671
I am in my sixties and have a structured retirement plan assets invested through advisors. I am content with that.

We also have some money with an advisor. But I insist on a performance review. Over a three year period, he must do better than an unmanaged investment in the S&P500, including dividend reinvestment. He's at 22 months and losing right now. I can't see paying to underperform a "dumb-as-a-stump" investment.

I am concerned about online security and safety of my funds with the online brokers.

Every online broker I've seen has the same federal SIPC insurance as your high cost broker, good for $500,000 per account, plus additional insurance to some multi-million level. There is a board dedicated to the discussion (enter "Discount Brokers") in the board field below this message, which has a FAQ that will lead you to good internet resources.

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