What is a broker? What to know about the intermediary that helps investors buy stocks

— to slash commission fees in recent years in the hopes of capturing a greater market share of self-directed investors.Keep in mind that just because you can manage your own portfolio, doesn't necessarily mean you should. There remain instances in which an investor, specifically a high-net worth individual or one with advanced financial needs , may still wish to work directly with a full-service broker.

Deciding whether to work with a discount or full-service broker depends on factors like an individual's investment knowledge and financial status. Most discount brokers who specialize in the stock market are able to charge low commission fees by operating through online platforms with low overhead costs.

"I don't think one [strategy] is necessarily better than another, it's just where you are in your life," says Sun. Though the lower cost is the major lure to working with a discount broker, it should be noted that they don't offer investment advice, tax planning, or personal consultations on their clients' behalf.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Chinese stocks are now among Asia's worst-performing as Beijing crackdown spooks investorsDays of heavy selling in Chinese stocks have left two major indexes in the country as the worst-performing markets of Asia-Pacific.
La source: CNBC - 🏆 12. / 72 Lire la suite »

U.S. stock futures mixed as investors weigh up big tech earnings, wait for Fed outcomeStock futures traded mixed ahead of a Fed decision, and after major indexes snapped five-day winning streaks. good
La source: MarketWatch - 🏆 3. / 97 Lire la suite »