
Subject: Re: A Disgruntled (now former) Customer Date: 7/28/2005 3:21 PM
Recommendations: 0


Hey, Dr. T -

1st, yeah, I was trying to joke about the Turkey thing. Adding a bit of lightheartedness...but it didn't quite come out that way. Didn't mean for it to be derogatory - I'm usually a pleasant guy, and to me the joke was that I don't usually go around calling people names, especially when I disagree with them.

(But then I guess you have to know me for that one.) :)

2nd, yes, you can transfer a whole account from one brokerage to another...but it will always cost a bit (if nothing else, a transfer fee is pretty much standard). I've had to do it a few times - first when I realized that Charles Schwab's commissions were ridiculously high for an investor with a portfolio the size of mine, and second because TD Waterhouse began implementing yearly fees which again would have shifted the cost percentage of my portfolio to higher than I wanted it to be.

(But incidentally, each time you decide to transfer it turns out to be a much more cumbersome process than it seemed to begin with.)

3rd, I should apologize for the 'brain-dump' post that came off as very harsh (upon re-reading). I myself am not an 'old-school' investor, having just gotten into this bag right around the internet boom. So we're probably close to being on the same page, here.

I was probably reacting more to a number of responses that I've received lately to some of my other posts on other boards - where someone automatically assumes you don't know what you're talking about, simply because you ask a question to help clarify something. It gets awfully frustrating after a while, for example, when people assume you're in it just to make a quick buck just because you ask if they think the stock in question has hit its bottom, or if it has a lot further to go. To me, a question like that could say, "Hey - I want to hold onto this for at least 10 years, but I'm tired of buying stocks and watching them shed 10% of value in the near term." To others, it seems to say, "Hey - I want to jump into this on its way up, and sell it at the top."

Or at least I guess that's what they interpret. Why else would they then take the time to post a detailed (and derogatory) lecture of Buy-and-hold investing philosophy (instead of just answering the question)?

Regardless, I kinda took it out on you. My bad. Didn't mean to be "that guy."

Thanks for the follow-up. :)

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