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Author: imcharliehm Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: Who is your broker? Date: 6/25/2001 9:38 PM
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Which broker you choose depends on several factors:

Do you want the impersonality and convenience of an online broker, or to be able to talk to a person who will then execute your trade?

Will you be buying investment-grade vs. speculative-grade corps?

Will you be buying on margin?

What will be your opening balance?

E*Trade's margin rates suck big time, as in they are still at 9.75% for not having adjusted to the Fed's rate cuts. [Broker's call is now 5.75% and for small balances most places are going to add two points to that.]But $2k opens a margin account and they offer junk bonds, as opposed to Waterhouse, Schwab, CSFB. And I'm happy with them.

From my experience avoid BondAgent [stale data, no limit orders.]

Charlie
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