Is a Full Service Broker Right for You?
Tuesday September 18, 2007
In a world of discount brokers with $10 trades, is there any reason to return to full service brokerage firms with their commissions that can sometimes run as high as $400, $600, or more per trade? Believe it or not, there are some of you that might be better suited for these types of full service brokerage firms with their mahogany paneled walls, well-heeled brokers, and fine cut crystal glasses despite the substantial costs. Find out if you are one of these people and you just might save yourself a lot of agony in turbulent markets.
With all of the information and discussions on the internet, it’s easy for beginner investor to make intelligent, informed investment decisions.
The only reason left to use a full service broker is if you simply do not have the time to do a little research, or you have a brilliant broker making amazing trades.
Can you give us some guidelines to decide which kind of brokerage firm to choose? Or maybe a quiz or something?