Word: lows
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Dates: during 1990-1999
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...more satisfying. Just as homeowners in the 1980s learned to go to Home Depot, individual investors in the '90s have learned that they can get online almost all the information that used to be available only to the high rollers. And small investors can now trade for the same low commissions that giant institutions get--$8 for 100 shares, vs. the $100 or more that Merrill and other full-service brokers typically charge...
Online trading can be intoxicating. The commissions are so low and the action so fast-paced that hundreds of thousands of new people each month find themselves hooked into the Internet, trading for $8 a pop, loving the excitement and potentially the rewards. But has online trading turned the stock market into a giant casino that threatens the financial lives of Americans? That's what John Steffens, a Merrill Lynch vice chairman in charge of stock brokerage, contends. He has gone to war against Internet trading in a series of public speeches, chronicled last week in the Wall Street Journal...
...daily online column: Wrong! Sure, some people shift in and out of stocks so rapidly that they undermine their returns. Some people also gamble compulsively. Others drink too much or abuse drugs. Overdoing anything can be hazardous. But overtrading is no more the fault of low-cost, online investing than America's swelling waistlines are the fault of its ever more efficient farmers...
...comfortable with the Internet, you can learn everything you need to know there about personal finance and investing. You can buy stocks and mutual funds through a discount online-trading account, either at thestreet.com or through links to other investing sites through time.com/personal But don't let the low cost and convenience make you forget you're a long-term investor. If you lack the time or inclination to do it yourself, by all means seek a fee-only financial planner or full-service broker. But understand that you'll pay more through fees, commissions or both...
...maybe for the CEOs of companies that have downsized or gone to Mexico and reaped the profits. I am the disabled wife of a man who lost his job at Rockwell in the first wave of layoffs in 1990, and I have watched him go through a series of low-paying temp jobs ever since, his morale getting lower and lower. Washington, are you listening? KAREN SEXTON Orange, Calif...