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Subject:  Re: Poll: Changes to AmEx' Brokerage Policy Date:  9/27/2000  5:20 PM
Author:  JeffInDallas Number:  7148 of 8329

I have received AmEx stuff before but I never moved on it. Right now I have accounts at eDreyfus, Ameritrade and e*Trade (and my daughter's educational IRA at Schwab). I'm going to move them all to one spot but I have been too busy.

E*trade's site is the most comprehensive but I have gotten used to Ameritrade. That's where most of my money is. In 12 months or so I will buy a house and Fidelity has a great program with GMAC Mortgage. You can get a 100% loan-to-value mortgage with no PMI from GMAC and they use the equity in your Fidelity account as your "down payment". That way, you do not have to liquidate your holdings and pay taxes on your gains in order to buy a house. It is a clever deal.

Obviously, you should not have all your money in a few speculative stocks if you are going to do this.

Has anyone tried this with GMAC and Fidelity yet?
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