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MyDiscountBroker.com

05/30/01 02:19:21 PM PST
by Working Money Magazine

Contrary to what you may have heard, not all discount brokers are created equal. MyDiscountBroker.com can save you substantial amounts whether you are trading through a MyDiscountBroker.com broker or placing your orders via the Internet at www.MyDiscountBroker.com.

MyDiscountBroker.com operates under the basic principle that you shouldn't have to sacrifice service just to get a good deal on securities trades. Whether you are placing an Internet order ($12 for any trade up to 5,000 shares during regular market hours) or making a broker-assisted transaction ($25 minimum), you can access everything you need to make your own investment decisions through MyDiscountBroker.com.

Your MyDiscountBroker.com broker is a qualified investment representative who is compensated to put your interests first. Your broker enables you to be an informed investor by providing access to extensive sources of objective information. And when you place your orders via the Internet, MyDiscountBroker.com features a variety of investment resources and tools, including:

  • Online trading
  • Low commission rates
  • No sales pressure
  • Free IRA accounts
  • Free cash management accounts
  • Quality services
  • Large product selection.
  • MyDiscountBroker.com is on the cutting edge of technology, providing high-quality investment information with low-cost, fast, and easy order execution.

    PRODUCTS

    MyDiscountBroker.com offers a variety of products, much like full-service brokerage firms, but does not give investment advice or recommendations. The company's goal is to provide online and broker-assisted customers with the tools they need to make informed investment decisions.

    MyDiscountBroker.com offers the following products:

  • Stocks on all major exchanges and over-the-counter (OTC) markets
  • Options on both equities and indices
  • Foreign securities, both listed and OTC
  • Mutual funds, both no-load and load funds
  • Bonds, corporate, municipal, and zero coupon
  • Certificates of deposit and government obligations
  • No-fee retirement accounts, including IRAs, SEPs, and 401(k) accounts
  • Employee stock option exercise service
  • Dividend reinvestment plans
  • Direct deposit.
  • SERVICES

    MyDiscountBroker.com offers a full range of investment products and access to banking products and services. In addition to a $12 flat-fee rate for stock transactions up to 5,000 shares during regular market hours, the company also offers valuable extras such as no-fee asset management accounts, free IRAs, free dividend reinvestment, and free investment information.

    MyDiscountBroker.com's cash management account features unlimited check writing and no check minimums. Earn money market rates while maintaining convenient access to excess funds in your brokerage account. Research the fundamentals of companies: get news, company profiles, Wall Street analysts' recommendations, earnings estimates, insider trading information, and more. MyDiscountBroker.com makes it easy for you to keep up with the ever-changing markets by providing real-time quotes and account information throughout the site.

    With the MyDB Dividend Reinvestment Program, your cash dividends can be automatically reinvested at no cost to you. Choose from a multitude of US exchange-listed and OTC securities that are eligible for participation in the program. You can choose to have dividends reinvested from all eligible stocks in your portfolio or just a few select stocks. Visit the DRIP center or call a customer service representative for additional information.

    MyDiscountBroker.com investors can also subscribe to continuously updated real-time streaming quotes, available during regular market hours. These quotes are provided by NexTrend. Real-time streaming quotes let you keep track of the markets with the same type of market data used by investment professionals.

    MyDiscountBroker.com also offers numerous no-load, no transaction fee mutual funds from many well-known fund families. Within the MyDB Mutual Fund Center, you can choose from more than 6,000 funds from many top fund families. With an account you have access to Fundfinder and Fundfinder Pro, which let you search for the mutual funds that best meet your investment objectives.

    Subscribe to the alert service, which delivers timely, relevant investment information directly to your e-mail address, pager, or web-enabled cellphone.

    Earn competitive rates with MyBankUSA's interest-bearing account. MyBank offers a full range of services and offerings with great rates and unparalleled convenience.

    If you have further questions about MyDiscountBroker.com, contact the company at www.MyDiscountBroker.com, 888 882-5600, 888 561-1500, or 888 949-1700.

    The information found here was taken from the MyDiscountBroker.com website.

    Interest and principal must remain on deposit a full year to earn the annual yield shown. Substantial penalty for early withdrawal on all CDs. Rates are subject to change. Money market, Now, and savings account rates can change at any time and fees could reduce earnings on the account.


    Copyright © 2001 Technical Analysis, Inc. All rights reserved.



    Working Money Magazine


    Title: The Investor's Magazine
    Company: Technical Analysis, Inc.
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