Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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Message: Re: Out of Curiosity
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Feb 24, 2011 01:35AM

No Stop losses, here. I had a good friend and fellow share holder take a position loss on stop losses, it also triggered a capital gains expense for him, even though he bought back with the same money, same account. So for myself, on the broker side, I have one account that is with a broker and the rest I manage on my own.

When I was buying SLI on my brokered account not only did I get charged with outrage fees for each trade, I recieved painful advice and concern with the amount of shares I had bought from a high risk stock. I had to discuss my risk level with a senior supervisors and even got a call from the brokerage security staff, to ensure that this is what I wanted to do and that I full understood what I was doing.

They made me feel very uncomfortable with the transactions that I was making. They certainly settled down when I got to the point when I expressed the fact that if they did not want me to do this I would move may funds elsewhere.

My account at this brokerage now is showing an outstanding % of growth - it is actually very amazing to look at this %. They still call to see if I am ready to move it to something more balanced and less risk. These are the same people that had my funds for many years and returned an average of about 4%. All the while making tranaction and account fees.

Go long......

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Feb 24, 2011 08:15AM
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