Selecting a Brokerage account
The Wall Street Journal
- Don’t just open your account with anyone offering you a free IPOD.
Although free IPOD’s are great, its not necessarily in your best interest. - Figure out how much hand-holding you require.
Do you need to go full-service[full commission] or discount brokerage? - Will you be buying securities or mutual funds?
Most brokerages charge different amounts for these and some are cheaper for one while being more expensive for the other. - Are there account minimums or extras for opening an account?
Basically look for junk fees.
Here are some related posts:
- Why your stock broker will always be richer than you.
- Bank of America Investment Accounts
- Discount brokerage offering $100
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