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Who is your Stockbroker

Who is your Stockbroker

You have money you want to invest and now must find a stockbroker. You might think they are all alike and do the same job, when actually they can be quite different in their commissions and their rates. If you are new at investing, you might just pick the first one you speak with and end up with too many fees.
If you see yourself as just a casual investor with about $200K to invest then you should probably look into ETFs or maybe index funds. A discount broker will be just fine for you in that instance. Little advice will be given because you have chosen safe and standard investments.
If a frequent trader is where you are heading and you are a chartist, then your main focus will be to find low fees offered by a broker. Those traders with one million plus in the stock market will certainly get discounts when they trade. If you are in the market for short stocks you need to find that particular type of broker. Look into interactive brokers, as they may be your best bet.



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