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No. of Recommendations: 1
<<I don't think there is any serious dispute that his decision not to bend on this point is responsible for the loss in probably hundreds of millions of dollars in accounts. Based on rdmarshall's survey, I would surmise that there is currently more money invested by this community than is invested with Folio. That money *would* be invested with Folio if they made that minor change.>>

I doubt it.
Look at the AmEx fiasco with "free" trades.

Once you have above a certain amount of money in your account, the commission cost is de-minimus. Consider buying 100 shares of a $50 stock. What's the difference in total cost between $5 commission (Brown), $10 commission (Datek), and $0 commission (Folio)? What's the $10 commission compared to the taxes you'll pay on your profits?

Folio is not suited to someone trading with the MI screens. When I want to place an order, I want it filled NOW, not "some time this afternoon".

IMHO, folio is more closely suited to a "pick it yourself" investor who only trades a couple of times a year.


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