Discount Brokerages
Posted: January 20th, 2009 | Author: admin | Filed under: Learn | Tags: did you know, education |Smaller brokerages are facing increased pressure to increase their revenue or sell themselves to larger competitors like TD Ameritrade, E-Trade Financial Corp., Scotttrade Inc., Fidelity Investments, and Charles Schwab Corp., which control 96% of the global discount brokerage business. - American Banker, 14 January 2009
Are you ready to move beyond your 401k and Roth IRA contributions (perhaps invested in mutual funds or tracking some index) and begin to choose individual stocks? The above are not the only options for individual investors (see Zecco or TradeKing for example); however, they form an excellent starting point.
Today’s selloff underscores one of the advantages to having available funds in a brokerage account.
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