Tuesday, November 26, 2024 6:12:53 PM
I know by now I'm not going to change you and you're not going to change me. You aren't going to change your style because I say so, and your style is better than most. I'm merely trying to share my 30 years of wisdom with you.
One last cautionary tale.....My father traded through Olde and company. I believe they got bought out by H&R Block. Anywho, he used to brag how much he liked trading with them because $500k accounts got free trading. One day he sold off something at the market...free trade.....until I pulled the buys and sells at that time. His trade went through $1.11 lower than the trade before and after his according to the time stamp. Sure, Olde did free trades. It just cost him $1100 for 1000 shares on that free trade.
Sometimes free doesn't mean free and sometimes trades are done as cross trades within a company and the shareholder gets screwed. And sometimes lower expenses aren't as beneficial as you think.
And lastly, I don't WANT to own the S&P Index. Certainly not with how it's weighted now.
Warren Buffet may be recommending the Index to small uninformed investors, but he's not buying it for himself.
One last cautionary tale.....My father traded through Olde and company. I believe they got bought out by H&R Block. Anywho, he used to brag how much he liked trading with them because $500k accounts got free trading. One day he sold off something at the market...free trade.....until I pulled the buys and sells at that time. His trade went through $1.11 lower than the trade before and after his according to the time stamp. Sure, Olde did free trades. It just cost him $1100 for 1000 shares on that free trade.
Sometimes free doesn't mean free and sometimes trades are done as cross trades within a company and the shareholder gets screwed. And sometimes lower expenses aren't as beneficial as you think.
And lastly, I don't WANT to own the S&P Index. Certainly not with how it's weighted now.
Warren Buffet may be recommending the Index to small uninformed investors, but he's not buying it for himself.
Just my opinion, of course.
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