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Date: 1/7/2009 3:49:01 PM
Author: GLSmyth Country Flag
Subject: 9/3419 - Re: First Question
 
 
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Message:

Before discount brokers came available, there was no other way to make purchases (and you would not only get hit by the fees, but also penalties for not purchasing round lots. Today there is no reason to use a full service broker that I can think of. My parents still do because they always have and trust the guy dealing with their portfolio. I've recommended that they just dump everything into an index fund but when you're in your 80's you tend to be pretty well set in your ways.

Cheers -

george
 
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