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Re: Re: [RT] commission on corporate bonds...



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Thanks Earl.

> 
> From: "EarlA" <earl.a@xxxxxxxxxx>
> Date: 2003/07/03 Thu PM 12:52:08 EDT
> To: <realtraders@xxxxxxxxxxxxxxx>
> Subject: Re: [RT] commission on corporate bonds...
> 
> Join the sore butt club! I was raped by Fidelity on comparable sized TBond
> orders a year or so ago and posted info here. Commission was free both ways
> on large orders, however they cleaned my clock on spread (Fidelity is
> dealer) when I sold. Fidelity quotes competitive prices online for online
> purchase but nothing online for selling ... should have sniffed that one out
> before I was sucked in.
> 
> Every time I wire a large sum from Fidelity into Interactive Brokers,
> Fidelity calls to ask if there is a problem and gets an earful. So far they
> have not refunded any of the $5k+- I was charged in spreads.
> 
> More recent bond purchases (high grade municipal and foreign) have been via
> closed end funds at discount ... very happy with these. I would use the new
> Lehman indexed ETF's for treasuries (SHY, IEF, TLT) and corporates (don't
> remember the symbol). Also have account with Treasury Direct. I will never
> purchase bonds through a broker again!
> 
> Earl
> 
> ----- Original Message ----- 
> From: "Howard Hopkins" <hehohop@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, July 03, 2003 10:10 AM
> Subject: [RT] commission on corporate bonds...
> 
> 
> > RT,
> >
> > We just got raped on a purchase of $200k of corporate bonds.  The broker
> we used charged  us $1,000 commission.  How does this compare to other full
> service brokers?  Can corporates be purchased through any discount houses?
> >
> > Thanks,
> > Howard
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
> >
> 
> 
> 
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> 
> 


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