Published: by C Lawson |
permalink In order to buy stocks, you need the assistance of a stockbroker who is licensed to purchase securities on your behalf. However, before you go looking in telephone or online directories for your nearest broker-dealer, you need to figure out what type of stockbroker is right for you.There are four basic categories of stockbrokers available today, ranging from cheap and simple order-takers to the more expensive brokers who provide full-service, in-depth financial analysis, advice and recommendations: online/discount brokers, discount brokers with assistance, full-service brokers or money managers.Online/discount brokers are basically just order-takers and provide the least expensive way to start investing since there is typically no office to visit and no certified financial planners or advisors to help you.
Tags: broker,trade,trading,stock,online broker,discount broker,discount broker with assistance,money manager,full service broker,simulator,financial planner,investment advice,options,portfolio management,beginning investor
