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The best way to start investing is to open a brokerage account
with a well-respected stock broker. Here, we'll explain how commissions
work, what is considered "reasonable", and what you should expect
Whenever you buy or sell an investment through your brokerage
account, you are going to receive a special document called a trade
confirmation from your stock broker.
There are certain things you need to check on each and every trade
confirmation you receive or you could end up losing a lot of money. Find out what to check on your brokerage confirmation reports
Now that you know the basics of how brokerage accounts work
and why trade confirmations are important, it's time for you to set out
to find your own, personal stock broker. There are two types of stock brokers
in the world - full service stock brokers and discount stock brokers.
They each have pros and cons. How do you know which one is right for
you? Here are some things to consider
There are a few fees that are so outrageous, yet common among
some stock brokers, brokerage firms, and banks that you absolutely must
know about them. Take a minute to educate yourself and if you find your
accounts with a broker that insists on charging them, take your
business elsewhere. They are going to nickel and dime you for every
penny you have to your name.
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