wrote in message
...
On Sun, 25 Apr 2010 13:26:08 -0700, "nom=de=plume"
wrote:

I suspect the result will be companies like Goldman will be split into
two companies (like they had to be before the Clinton administration).
There will be a brokerage company and a trading company, not one
company doing both..


I think what they did is illegal, but time will tell. Seemsl like
splitting
it up wouldn't be such a terrible thing.

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I think that is a good idea too. I would feel better knowing my broker
was not selling me advice and then profiting by betting against what
he sold me.

It burns me up that any supposed reputable company would do this and have it
be condoned at the highest levels.

I don't really trust any of them so I don't pay for their advice. I am
somewhat depending on them because my pension is an annuity but they
are planning it such that I get paid a specific amount and they still
make a profit. I am not doing something like a 401k where they can
lose my money and still make a profit. I do plan on rolling my 401k
over when I think the market is in a bit better shape. I the magic 59
1/2 but I stalled until the market was in decline, and it was really
too late so I rode it down. I reallocated into the secure package and
then rolled it back into the equities last year. That is probably why
I am not crying like BP. I did lock in most of that 2007 money and
then got to ride the market back up. My real problem is, this will put
us past the evil $250k mark if I try to roll it all at once and the
IRS will come after me.

I mostly follow my own advice for investments. Fidelity and Vanguard don't
get a commission on trades, but I still do my own research.

--
Nom=de=Plume