Word: broker
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Dates: during 1990-1999
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...Pelkey used to call his broker frantically the moment he heard breaking news about a company whose stock he wished to buy. A small investor by Wall Street's measure, Pelkey often had to try several times before getting through, hoping, in the meantime, that the stock wouldn't cool by the time his broker placed the order. For this the Cupertino, California, resident paid a commission of around $70 a trade...
...that changed after he opened an account with an electronic brokerage service called E*TRADE Securities www.etrade.com) which uses the Internet, rather than a traditional broker, to buy and sell stocks. Using E*TRADE and his personal computer, Pelkey makes his own trades anytime, without a broker. At $19.95 a transaction, he also gets free stock quotes, free market reports and even free checking. "I used to feel like a lamb being led to slaughter. Now I'm the one who feels empowered," says Pelkey...
...Website to another takes time and a little luck. "When you place an order over the Internet, you have to cross your fingers and hope that it gets there," says John Markese, president of the American Association of Individual Investors. "Sometimes, you just might be better off calling a broker by phone...
PETER ROSE, 68, AND JEANNE ROSE, 54; TUCSON, ARIZ.; retirees Peter Rose lost two teenage children to a blood disease. "People were awfully nice to me when I needed help," he says. "This was a chance to give back." The retired stock-broker and his current wife Jeanne, a former teacher, are volunteer pilots for AirLifeLine, an organization that transports ambulatory patients who cannot afford to travel for critical care. Since 1990 the two have escorted dozens of patients for treatment...
...grew up in a small town on the Chesapeake Bay in Maryland, the youngest of five children of a prosperous canned-goods broker. When he was 16, both parents died within six months of each other, leaving the family broke and its house repossessed. Rouse parked cars to make money and eventually got a law degree by taking classes at night. At age 25, he and a friend borrowed $20,000 to form a mortgage-banking firm that became the Rouse Co., one of the nation's biggest developers of houses, apartments and shopping centers...