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Berkshire Hathaway Inc. Message Board

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  • bobo21029 bobo21029 Aug 2, 1998 12:25 PM Flag

    I want to be the first to post here!

    Greg,asdfdf,Tastychap,Ftex,..........thank you
    for sharing your experiances on discount brokers. I'm
    going to take your advice and do some "comparison
    shopping" on fees. I pulled my BRK file to check just what
    I was actually paying. My last purchase was 170
    shares of "B" @ $2245. My broker charged me $223.94
    commission plus $3.00 in "handling fee". This came to $1.34
    a share, which I thought was pretty
    good.......especially for something as valuble as a share of BRK.
    Apparently from Greg's post I could have done this for
    $29.00 thru Shwab which is a huge cost savings. I'll
    have to check it out..............In the words of
    Tastychap........."May the WEB force be with you
    guys"...............BoboP.S. Talk about being a cheapskate ! ............as I
    sit here typing this I've got a hole in my right boot
    that my little toe practically sticks thru. I've got
    dirt and grease all over me from working out in the
    barn all morning trying to get a 40 year old Allis
    Chalmers tractor to start ...............and I'm on the
    computer trying to figure out how I can save a buck on the
    most expensive stock there is !! The beat goes
    on...........

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • late-model tractor working. I have an older
      model, a '42 ford, unburdened with all the latest safety
      features.

      You paid much less than I would have guessed on a
      $381K trade. That's just 6/100th of one percent. Not
      likely to drag down your overall return very much. You
      can probably skip the spreadsheet I suggested <shy
      grin>. Last time I traded with a full-service broker I
      paid $320 on a $20300 trade. <another dumber
      grin>

      Having said that, the difference between $223 and $5
      buys a lot of tractor parts...

      I had a great
      book once, "The Cheapskates Handbook". Best work I
      ever read on the subject.

    • Schwab:......29.95
      DLJ
      Direct...20.00
      Quick&Reilly.14.95
      E Trade......14.95
      Web
      Street...14.95
      Waterhouse...12.95
      Datek:........9.95
      Ameritrade....8.00
      Sure Trade....7.95
      Brown&Co......5.00

 
BRK-A
221,052.84+1,117.84(+0.51%)Nov 24 4:00 PMEST

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