Smithbarney Citigroup Global Mkts Inc "managed account" takes a percentage of your investment in return for choosing poor stocks and then holding them until worthles Broker is incompetent. Company is a fraud. Customer is a fool Chicago Illinois
A simple plan. The brokerage makes the investments, buys and sells stocks and charges the investor a flat percentage rate. Investor believes the broker has a knack for doing this. Broker has a research department, experience and knows how to choose winning stocks and avoid loosers. At the very least, broker knows how to leave positions that are failing, thereby preserving the investor's capitol.
The reality is best shown thru examples.
AOL Time Warner, paid $4383 holding at $1227.
ARIBA paid $1615 holding at $ 83.
CORNING paid $2500 holding at $ 433.
HEWLETT PACKARD paid $2012 holding at $ 779
MOTOROLA paid $3194 holding at $1124
BROADVISION paid $5129 sold at $ 69.
ENRON paid $4144 sold at $ 7.75
GLOBAL CROSSING paid $3000 sold at $ 5.70
EXODUS COMMUNICATION pd $3218. sold at $ 13.50
Broker is incompetent. Company is a fraud. Customer is a fool
Dirk
glenarm, Illinois
U.S.A.