A Seasoned Investor Takes
The Long-Term View

Currently, Dave uses both a full service broker and an online trading service. "The full service broker has pretty good resources available for researching investments; however, the cost of trading with them is outrageous. A recent trade cost me over $1,500 in brokerage fees - and it was an unsolicited trade! - that would have cost less than $100 using an on-line [broker]. I'm going to gradually shift over to the on-line brokerage account as soon as I get a little better at researching the investments - unless the full service broker changes [its] pricing strategy to compete with the on-line broker."

Dave also has this tip for other investors: "Remember to stay in for the long haul and don't panic when the market takes a plunge - if it does and you have any cash, [you may want to] buy more stocks - history has shown they [often] rebound within a year or so."

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