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Bill Blank wrote:
>
> > I was thinking of transferring some money to that little guy Brown.
> > $5 a trade sounds great. What happens if they go bankrupt?
> ~~~~~~~~~~~~~~~~~~~~~
> Bill:
> I feel that discount brokers can and might got to 0% commissions
> to attract new clients and they still make money.
>
> Don't forget, the deep discounters donot deal with the 3 day
> settlement. You have to have cash in the acct to trade.
>
> They invest your cash at 7% and give you 4% on your money
> wether you trade or not. Easy money for them.
> ^^^^^^^^^^^^^^^^^^^^^
Where do we get 7%? I would like some.
Al Taglavore
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