UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next
Author: OperaBob Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 27863  
Subject: Re: DRP vs. index funds? Date: 10/5/2001 2:00 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0

I just establish a position in Intel using www.elephantx.com (the first time I bought a stock through a broker for $0 commission).

We were discussing the cheapest Canadian brokers on the Canada-DRIPs board. The consensus was about $25 trades with various brokers. Then we had one lady post in.

It seems this lady went to several brokers and pretended to be the little naive old lady. She'd tell the broker she'd never traded before and was scared about the process but had been thinking of trying it but oh! was so scared etc. The brokers, hoping to generate future business, would then offer to give her a free purchase or two to try it out.

"Oh! but I'm scared and would really want the share in my hands because I'd be afraid about what would happen to it."

"Oh!" would say the broker, "We could do that for you too."

She said she got 5 purchases out of one broker before he dumped her.

Now I'm not advocating doing this but I do think it's a poetic turning of the tables!


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next


Post of the Day:
Macro Economics

Looking at Oil and Gas
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.