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  •  Good point, but difficult. (1+ / 0-)
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    HoundDog

    Investors with less than $10,000 to invest in stocks sometimes found it more lucrative to invest in stocks indirectly through a mutual fund or an investment club, since a 5% fee on the $10,000 beat choosing 30 stocks and paying commission on each.  Until 2008, it could even be believed that trained fund managers were better than Donkey Raffles [1] at picking stocks.  

    The problem is that the proxy to determine management usually devolves upon the mutual fund manager, who has been well-indoctrinated in the mores and norms of Wall Street.  There are a variety of ethical funds available, upon which I am not qualified to comment.

    I've heard about $7 trade services, but not enough to recommend for or against.  

    [1] A charming Midwest tradition in which a well-fed donkey is guided to a lot divided into a grid, then allowed to wander.  The square on the grid that receives the first donkey poop is the winner.  

    2009: Year of the Donkey. Let's not screw it up.

    by Yamaneko2 on Mon Jun 14, 2010 at 01:09:47 PM PDT

    [ Parent ]

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