So I get a lot of brokerage statements at the beginning of each month. There’s the one on which the commissions are all about $8. There’s the one on which the commissions are all about $48. There’s the one I don’t use much a discounter but not a deep discounter where the commissions are typically about $120.
All these statements are easy to read and review.
And then there are the ones I get from my full-service broker, at which the commissions are typically $150 or $250 for trades I could do just as well for $8, but I am Godfather to my broker’s kids. And for more than a year now, these statements to save paper? to drive us nuts? have been printed as follows: Page 1 comes first, then page 2, upside down on the back of page 1, then page 3 like page 1, then page 4 on the back of page 3 and upside down. And so on. The pages have holes punched in them at the top, though I can never recall being sent a full-service, $200-a-trade binder, and I guess the idea is to flip through the pages not from right to left, as one would flip through a book, but as you would page through a wall calendar paging up rather than to the left.
But let me tell you: It’s incredibly annoying.
And don’t I feel better for getting this off my chest?
If only Seinfeld weren’t going off the air, he could do virtually an entire episode on this all-important theme.
Quote of the Day
So we went to Atari and said, 'Hey, we've got this amazing thing, even built with some of your parts, and what do you think about funding us? Or we'll give it to you. We just want to do it. And they said, 'No.'~Apple founder Steve Jobs
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