How to chose a Stock broker?

October 25, 2008

<!– @page { size: 8.5in 11in; margin: 0.79in } P { margin-bottom: 0.08in } –>

Before you choose a broker, you need to analyze your sytle. After you know yourself and the way you invest, then you can proceed to finding the kind of broker that fits your needs. It’s almost like choosing shoes; if you don’t know your size, you cannot get a proper fit.(And you can be in for a really uncomfortable future.)

What it’s time to choose a broker, keep the following points in mind:

Match your with a brokerage firm that charges the least amount of money for the service you’re likely to use most frequently.

Compare all the costs of buying, selling, and holding , and other securities through a broker. Don’t compare only commissions. Compare other costs, too such as margin interest and other service charges.

Finding Brokers is easy. They are list in the Yellow Pages as well as in many and on many financial Web site like yahoo.com.

Popularity: unranked [?]

Online Stock Broker: Discount Brokers

October 19, 2008

Online :

Perhaps you don’t need any hand-holding from a broker. You know what you want, and you can make your own . All you want is someone to transact your buy/sell orders. In that case, go with a discount broker. They don’t offer advice or premium services - just the basics required to perform your .

as the name implies, are cheaper to engage then full-service brokers. Because you are advising yourself, you can save on costs that you incur when you pay for a full-service broker.

If you choose to work with a discount broker, you must know as much as possible about your personal goals and needs. You have a greater responsibility for conducting adequate research to make a selections, and you must be prepared to accept the outcome, whatever that may be.

For a while, the regular investor had two types of to choose form: conventional and Internet . But the two are so similar now that the differences are hardly worth mentioning. Conventional primarily conducted business through regular offices and over the phone, while internet conducted business primarily through web sites. But through industry consolidation, most of the conventional today have fully feature web sites, while internet adapted by adding more telephone and face-to-face services.

Charles Schwab and TD Waterhouse are examples of conventional that have adapted well to the Internet era. such as E-trade, , Scottrade, and Thinkorswim have add more conventional service.

Popularity: unranked [?]