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On Friday, May 21, 2004 2:58 PM, Michael Watkins:
>> Next thing you know someone's gonna come up with a way to trade to
>> save on commissions. Just put in your trades and send them to a
>> central server where all similar trades are aggragated, so if 50
>> people send in orders to buy 1000 shares of TWX each, it can go to
>> Ameritrade for a single execution and you guys could split the $9.95
>> cost!
>
>Brilliant idea, when will you be setting up this service?
Believe it or not, sharebuilder.com uses this harebrained scheme.
Each week ShareBuilder collects the orders our
investors have made through their ShareBuilder
Plan and purchases the shares in a lump sum.
It's like a self directed mutual fund with fractional shares and
everything.
Cheers,
Allister Wei
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