In the late 1960s, when I first started recommending no-load
mutual funds and discount brokers to my financial clients, the very idea of
fee-discounted brokerage services
was as exciting and new as the very idea of no-load mutual funds.
When I started managing portfolios for clients in 1984, I
bought and sold securities for them and myself through Jack White, a San Diego
discounter. Jack sold the firm and retired, and today it is known as TD
Ameritrade. See:
A few years later I switched to Fidelity because of its
rapidly expanding list of no-load mutual funds, including some single-focus
funds that eventually provided a working model for ETFs (exchange-traded
funds). Today, I especially like Fidelity’s excellent collection of screeners:
See:
A couple of years after moving to Fidelity, I was invited onto
Charles Schwab’s first Financial Planners Advisory Board. So, for a time my
trades were handled by Schwab.
Now, I’m back with TD Ameritrade. I dropped Schwab when its
Orlando branch manager started stealing clients from my firm. He answered to
Chuck’s right-hand man at the time and not much later Chuck fired the high
executive. I don’t know or care
what became of the branch manager.
Brokerage Review is a good resource for finding outstanding discount
brokers. Its favorite for mutual-fund trades is Trade King. See:
OK, let’s take a fun break with You Tube:
Never forget this: All investments and savings are gambles on
the unknowable future and thus subject to loss as well as gain.
Do visit my free website often for lots more investment research. I share it with my friends and other do-it-yourself portfolio managers. You, too, are welcome to share it with yours:
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