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Got this from a Canadian newspaper-
Another cost-cutting tool that will cost you money is to routinely refuse to pay
the market price for stocks when you buy. Some investors always put a bid
in below the offer price, in hopes of buying at a slightly better price.

However, some of your investments are going to go up as soon as you buy,
and keep going up. Others will go down. If you always put in a bid below the
current market price when you buy, you'll filter out all your best ideas.

You'll save a few cents from time to time. But you'll always buy all your
badinvestment choices, and none of your best ones
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