 | |  | |  | |  | |  |
Copy Rights 2007, Ask Robert Ruiz & Latin SocietyFoundation[Disclaimer] [Privacy Policy]Another Website Created & Hosted By www.securewebsource.com
Tips For Choosing The Best Stockbroker
Choosing a stock broker can be an annoying task. While they all seem the same,
there are differences in commission rates that you should be aware of.
Depending on the type of investor you are, you may end up paying too many
fees depending on the broker you choose. Here are some tips for choosing the
best stock broker, depending on the type of investor you are.
1. Casual investor. If you are casual investor with a moderate amount of
capital ($200k or less), then chances are most of your money is in ETFs or index
funds. In this case, a discount broker is fine. You will rarely make many trades
and you do not need much advice since you are just investing in standard, safe
investments. A brokerage like TD Ameritrade is good for you since they have
$9.99 trades.
2. Frequent trader. If you are a chartist, then finding a broker with low fees
is a very high priority. Most discount brokers will give discounts to people who
trade frequently. One example is E-trade. Another site like Interactive Brokers
might be good for you too. Be careful with this sort of investment style, as fees
may gobble up all of your profits!
3. High net worth investor. If you have $1 million+ in the stock market, then
chances are you can get a discount on how much you pay per trade. This is
especially the case with the established, big firms such as Fidelity. Fidelity offers
$8 trades to those with $1 million+ in their Fidelity accounts.
4. Short seller. If you plan on selling many stocks short, you need a broker
that has access to these shares so that you can short them. Most of these
brokerages will be able to short mid and large caps for you, but many do not
have access to a large percentage of the small cap stocks. Interactive Brokers
might be the best broker for short sellers.
Choosing a stock broker can be an annoying task. While they all seem the same,
there are differences in commission rates that you should be aware of.
Depending on the type of investor you are, you may end up paying too many
fees depending on the broker you choose. Here are some tips for choosing the
best stock broker, depending on the type of investor you are.
1. Casual investor. If you are casual investor with a moderate amount of
capital ($200k or less), then chances are most of your money is in ETFs or index
funds. In this case, a discount broker is fine. You will rarely make many trades
and you do not need much advice since you are just investing in standard, safe
investments. A brokerage like TD Ameritrade is good for you since they have
$9.99 trades.
2. Frequent trader. If you are a chartist, then finding a broker with low fees
is a very high priority. Most discount brokers will give discounts to people who
trade frequently. One example is E-trade. Another site like Interactive Brokers
might be good for you too. Be careful with this sort of investment style, as fees
may gobble up all of your profits!
3. High net worth investor. If you have $1 million+ in the stock market, then
chances are you can get a discount on how much you pay per trade. This is
especially the case with the established, big firms such as Fidelity. Fidelity offers
$8 trades to those with $1 million+ in their Fidelity accounts.
4. Short seller. If you plan on selling many stocks short, you need a broker
that has access to these shares so that you can short them. Most of these
brokerages will be able to short mid and large caps for you, but many do not
have access to a large percentage of the small cap stocks. Interactive Brokers
might be the best broker for short sellers.
| Sponsors |
| Hand Design Everyone does their own thing. Our thing happens to be designing your thing. Check it out. www.hangdesign.com |
| Expedient Investments Investing Is Not Only For The Rich! www.expedientinvestments.com |
| Secure Web Source 4 Page Website $199 www.securewebsource.com |
| The Gate keeper For Those Small Businesses That Can't Afford A Full Time Secretary However, Want A Full Time Answering Service www.gatekeeperansweringservice.com |
| Computer Repair Call Us Now Receive $10 Off Your First Visit 1-800-533-7901 www.pctechnyc.com pctechnyc@yahoo.com We Do Home Visits !!! |