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Author: advalorem3 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4956  
Subject: Small Accounts Are Annoying Date: 5/3/2001 1:27 PM
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Small accounts lose money for brokerage firms. If anyone can not handle the fees that buyandhold charges, move on in life. Wall Street doesn't owe you anything, and you are an expense as an account.

If buyandhold is such an "evil" empire, then how come nobody has a better solution. I'll let you in on the answer: there isn't a better solution for many of us.

Small investors are better off buying an index fund through Vanguard (minimum is $3,000 for this non-profit organization). If your income changes, if you receive an inheritance, or if a better firm comes along, then you will have an alternative.

A few days ago, I was wishing for this price increase so buyandhold would stay in business. Then everyone was "scared" there accounts would be frozen for "years". Now the firm is in business, but nobody wants to pay the higher fees. If you want something free, join the democratic party and yell from the mountain top about all of the injustices in the world.
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