The web has democratized investing.
Information is at our fingertips.
And the best part of all is that brokerage commissions have permanently decreased the cost of investing for the average investor. We have no doubt that in the long run this will be true. Advances in technology that lower the cost of providing the brokering action only hasten the process of price destruction. We believe that a number of factors have come together in the current environment whereby the actual costs of trading have gone up , despite lowered commission structures. You don't need us to tell you that volatility has increased dramatically over the last few years.