theidiotsperspective

3 Comments

    • ON: Wed Apr 30th 05:40 AM
      Commented on:
      Investing in Non-U.S. Stock Markets
      India now have 3 ETF not in your list. EPI, PIN and i think another one almost out!
      View article »
    • ON: Wed Apr 30th 05:09 AM
      Commented on:
      E*Trade: Hindsight with Binoculars
      In response to Voice of reason.
      OK dont like averages take extremes. then 50% opened $1000 accounts and 50% opened $9000 accounts.
      Fact is still that after a month since the balance is less than $25000 they will be paying $19.99 a trade.
      -the $1000 guys bet it all they pay $40 for a round transaction. The stock needs to move 4% + to make a profit. you think these guys will find a 4% trade every week?? no!! so thats 50% customers gone at least !!
      Like you said they will test the water!

      On the share transfer bit i learnt the hard way (loosing $7000 approx) while my stock was moved from My former employers custodian to E*trade that you they dont do any proactive followup so you need to start calling them week 2 and do some screaming early. FYI it took 3 months to finish the transaction and to top it they charged me for the service which i paid with a smile!

      -
      View article »
    • ON: Tue Apr 29th 13:40 PM
      Commented on:
      E*Trade: Hindsight with Binoculars
      As per their last reports ( seekingalpha.com/artic... ) ETFC opened 60000 net new accounts with 300 Mill in net new customer assets. BUT ON AN AVERAGE THATS JUST 5000 per account. Etrade's logo is sorta now synonomous with the "100 Trades free" and if you get down to reading the fine print thats only in the first month. (i dont personally think new commers will trade more than 10 times a month).
      AFTER THAT they will pay 19.99 a trade double of what TD Ameritrade charge. How long they will sustain these clients with their high pricing is yet to to be seen. I see net negative accounts opened to the tune of 60000 in May. Till etrade gets their customer pricing right i think its destined to fail.
      View article »
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