Originally Posted by tmm99
Why would anybody keep their money at Morgan Stanley? Some benefits using Morgan Stanley over Vanguard or Fidelity??
Like many here, I'm very money-sensitive. I look for ways to save money, especially on ongoing (typically monthly) expenses.
I'm finding that we're an exception to what is 'out there' in the rest of the world.
Example: I recently figured out that our natural gas (for home heating, etc.) was deregulated by the state a while back and we can now choose from a state-approved list of about 20 suppliers. This is similar to being allowed to select a different long-distance phone company instead of AT&T.
The former (near-monopoly) gas company will still provide distribution, service, and billing ...and choosing a new supplier will only result in a single line change on the monthly bill. I found an approved supplier that offers gas at $2.99/mcf (as compared to the near-monopoly that is bragging about their new low $5.26/mcf rate!). I'm estimating a monthly average savings of $15-$20 on my well-insulated house.
Do you think I can convince anyone to switch (and it only takes 5 minutes online)? Only one person so far. No one else is the least bit interested.
I chalk it up to most people would rather keep doing what they've always done...even if it's more expensive.