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In a message dated 97-11-28 10:22:45 EST, comfut@xxxxxxxxxxxxx writes:
> Because of some of the horror stories that I've been reading the past few
> days re:various firms and the "blowout" of the accounts....I thought I'd
> post a few things that might help others avoid the same.
>
> 1)When opening an account:::::::::::::::::::::::::::::
>
> If you're going to take a brokers recommendations.....Ask him how long he
> has been a registered broker...Do you want to take recommendations from a
> broker who has less experience than you????????
Tom.
This was an excellent post, but I have to take exception to the above.
If you are going to take his recommendations, then how long, and his
experience as a broker is irrelevant. It is how long and how experienced a
trader he is. He may be a long time and experienced broker, but that doesn't
mean he is a trader. Then your only problem is verifying. Personally, I
think a better rule is never never never take advice from a broker. If you
don't know enough to make your own decisions......
Pete
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