They had come out of the frenzy with $64,000 left in their brokerage account.
"The land grab for brokerage accounts should be put on hold," he said.
While in school, a friend helped him open a brokerage account with $1,000 of his tuition money.
It was opened six years ago, standard brokerage account, managed.
Then you have to arrange credit and open a brokerage account.
By the end of this year, 10 million brokerage accounts are expected to be able to trade on the Internet, nearly twice the number now.
They were high, but so was the balance in his brokerage account.
July 2009: Over 160,000 opened brokerage accounts and 250,000 community members.
Some offered a good amount of free research, whether or not I opened a brokerage account with them.
The balance in brokerage accounts does not count toward the $25,000.