Do I Need To Use A Stock Broker?
If you're planning to invest in the stock market then you will need to understand the fundamentals of stock market investing first. One of the key things you need to know is that you will need to use a stock broker no matter what your knowledge of the market is. The stock broker can be a single person you hire or it can be done online through a firm like E*Trade. There are two huge two differences between the two and the online option has only become popular in recent years.
Twenty years ago when people would invest their money they would simply give their money to a stock broker and they would in turn invest in keeping some of the money. There use to also be many fees that were charged for these services and the broker made money off every deal even if you lost money.
Now that the competition is more fierce most of the fees are no longer in place, although you may run into some unexpected fees with your broker or firm it's rarer of an occurrence. Costs of investing have lowered dramatically since the introduction of the stock market and stock brokers and it's more affordable then ever. You can even invest online now using a stock broker firm and all you pay for is simply the transaction fees. You're completely in control of your portfolio and investments, so if you plan on going this route make sure you have lots of experience and understand what you're doing.
If you're new to the stock market and investing in stocks then you should hire a local stock broker to handle your investments and questions. This is ideal for the first few years so that you can build a solid portfolio with the help of a broker. This method will cost a lot more then handling your own investments through an online firm but if you don't know what you're doing then this is the best option.
After you gain experience you should move your portfolio to an online firm like E*Trade and start choosing your own stocks to invest in. This is a lot cheaper and you'll make more money by doing the work yourself, so once you're capable of handling it you should.
So whether you choose a stock broker who you can meet in person to answer questions and help handle your portfolio or you decide to use a stock broker firm that can handle your transactions for you, you always need to use a middleman to buy you're the stocks. There isn't anyway around this and every single person who invests with stocks goes through either a stock broker or firm who is licensed to purchase stocks for you. Both are suitable for different people and depending upon your knowledge of the stock market will determine your decision of choosing a stock broker or firm. One is ideal for getting help whereas the other form is ideal for doing the work and investing yourself without help for the company.
Related Tags: insurance, stock market, stock broker, financial tips, insurance tips, credit card tips, credit tips
Scott Jack offers lots of great financial articles on Credit Crunch. For more specific articles visit Credit Card Tips and Insurance Tips. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are