Skimming Into Mistakes

By Harry Jones

(January 29, 1999) -- I've been invested in the S&P 500 for one month already. Irv reminds me that the reason Lucinda and I have lost any money at all is only because of the commission that we paid to get started. We could have paid much less. I've learned that now.

I read The Motley Fool Investment Guide last year, as you know, but I should have read the section about discount brokers two or three times. I tend to skim things that don't seem directly related to my livelihood. I think a lot of people are that way. That's why going into sales as a career is still such a lucrative thing. You can sell people anything if you rush them into it. Whole industries are based on that.

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01/29/99 Close
Stock Change Close SPY +1 1/16 127.75

Day Month Year History Annualized HARRY +0.84% 0.10% 0.10% 0.10% 0.02% S&P: +1.13% 4.10% 4.10% 4.10% 0.90% NASDAQ: +1.15% 14.28% 14.28% 14.28% 3.02% Rec'd # Security In At Now Change 1/4/99 16 S&P Depos 127.63 127.75 0.10% Rec'd # Security In At Value Change 1/4/99 16 S&P Depos 2042.00 2044.00 $2.00 CASH $0.00 TOTAL $2044.00 Yesterday Today Change S&P Depos 126.69 127.75 SPY + 1 1/16


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