Things seem to have settled down — or settled up. But on Saturday I got this expressive missive from someone who wrote, simply, “I want my mommy!” I don’t know, but he sounded like a guy of about 40.
Tomorrow, if all goes according to plan, you will be the first people in the world to have the opportunity to link to a new Internet broker that offers free trading. It is definitely not for everyone, and I will be neither endorsing nor recommending it. But it is interesting to contemplate: a brokerage firm with no people, no telephones, no paper.
OK, a few people. But none you can talk to. Yet, unlike traditional brokerages, this one will be always available, with “real-time updating,” meaning you can always see the status of your account (not last night’s status, the real status) . . . and watch the progress of your trades as they are being made, much as you can track a FedEx package, only faster.
A virtual broker, virtually free.
The last thing I think people should do, even with zero commissions, is trade a lot. (Anyone ever hear of taxes? Spreads? Addiction?) But offered the chance to be the first to give people a look at it, I couldn’t resist. It’s interesting. Kind of like being offered a first look at some state-of-the-art casino. You don’t have to book a room and gamble all night to be fascinated.
Anyway: come back tomorrow and be the first on your block to take a look.
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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