My dad called me this weekend and asked if he should open an online (brokerage) account. I said, 'Dad, you've never made an investment in your life'. |
These are still baby steps. Last year at this time if you asked me when are the full-service guys going to get online, I would have said '1998.' They're scared to death of what the Internet is going to do to full-service brokers. |
They have enough trouble building an online brokerage. And now they want to build an online mall? Give me a break. |