haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Most of these big discount brokers are very good if you are clear with them. I have had a Fidelity account for maybe 35 years, and many other discount brokerage accounts also, most of which have been rolled up into the few big survivors.
IMO, if most things in our economy worked half as well as the discount brokerage business we would be very lucky consumers indeed.
For years I dealt with brokers that I had never met, in offices that I had never seen, and things including out-transfers and in-tranfers went swimmingly.
Even E*trade gives excellent customer service. I don't mind at all that someone may try to sell me, they have to live don't they?
I am not confused about my goals or the means to pursue them (notice I say pursue them, not meet them), so big deal if someone would like to divert a little cash flow to himself. Any salesperson enjoys trips to Hawaii, big bonuses, etc. I know I would.
Think how little Fidelity makes on a non-trading buy and hold fund investor, who buys mainly non-Fidelity funds. I am sure that this sort of customer is a loser in cash flow terms. I am very interested that they don't make more efforts to get some cash flow from them, or get rid of them. Maybe they feel that any good size account is better in-house than elswhere, even if it is not currently profitable. IMO we should remember that only a certain category of worker that I am too polite to identify can survive without generating some cash for the employer. And even that empoyer has employees who are quite effective at raising cash- it doesn't involve salesmanship however.
Ha
IMO, if most things in our economy worked half as well as the discount brokerage business we would be very lucky consumers indeed.
For years I dealt with brokers that I had never met, in offices that I had never seen, and things including out-transfers and in-tranfers went swimmingly.
Even E*trade gives excellent customer service. I don't mind at all that someone may try to sell me, they have to live don't they?
I am not confused about my goals or the means to pursue them (notice I say pursue them, not meet them), so big deal if someone would like to divert a little cash flow to himself. Any salesperson enjoys trips to Hawaii, big bonuses, etc. I know I would.
Think how little Fidelity makes on a non-trading buy and hold fund investor, who buys mainly non-Fidelity funds. I am sure that this sort of customer is a loser in cash flow terms. I am very interested that they don't make more efforts to get some cash flow from them, or get rid of them. Maybe they feel that any good size account is better in-house than elswhere, even if it is not currently profitable. IMO we should remember that only a certain category of worker that I am too polite to identify can survive without generating some cash for the employer. And even that empoyer has employees who are quite effective at raising cash- it doesn't involve salesmanship however.
Ha