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I am looking to start investing in the stock market. What full service brokerage firms are best rated? |
I am a beginner and I am not savvy with the market and investment strategy (yet). Does anyone know what full service brokerage firm is rated best, for stock picks, service, research, and fees? What is the minimum investment amount? Whoa there!! If you go to a brokerage firm with less than $50,000 you are going to get stuck in mutual funds. If you insist on trading stocks, and you don't have a lot of money, every trade will likely be "unsolicited," that means you make the decision and the broker just executes the trade for you. For that service you will pay 1% or more for a stock trade. That's not very attractive. i use Scottrade.com myself. you can start with as little as $500.00. but i would first read the following books. I agree with the previous answers, read some books and start tracking some stocks first using Yahoo's Portfolio Tracker. That way, while reading the books, you can see what the stocks you want to buy are doing on a day-to-day basis. I agree with all of the answers above. Most full service brokerage firms will stick you with mutual funds, if you don't a large amount of money. Also, the fees at these places are too high for the level of service they provide. I would do a little research and read the books above and definitely check out fool.com |
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