01-14-2009, 11:16 AM
There's no such thing as a transparent brokerage house. They are a private business and arent subject to disclosure. =) Simply think of them as a gaggle of financial advisors.
I have heard his fees may be slightly higher than other brokers.
Simply put if youre not a bear guy with a long term outlook on the market, they are not for you. Put I do believe he's one of the smartest guys in the business and calls it as he sees it. You get honesty from him, no matter how much it hurts. Also keep in mind he's the big dog there and you wont be dealing with him, but his underlings (unless youre a millionaire and demand his services =) ). I was all set to sign up until the market crashed, now Im stuck sitting on my main mutual fund until the market recovers. But If I were to come into a nice chunk of cash somehow, theyd be my first call.
I have heard his fees may be slightly higher than other brokers.
Simply put if youre not a bear guy with a long term outlook on the market, they are not for you. Put I do believe he's one of the smartest guys in the business and calls it as he sees it. You get honesty from him, no matter how much it hurts. Also keep in mind he's the big dog there and you wont be dealing with him, but his underlings (unless youre a millionaire and demand his services =) ). I was all set to sign up until the market crashed, now Im stuck sitting on my main mutual fund until the market recovers. But If I were to come into a nice chunk of cash somehow, theyd be my first call.