When you are about invest your money in stock exchange you need the complete guidance of a stockbroker to smoothly run your stock transactions because I you are thinking you can do it yourself it’s not possible, because stockbroker are an essential part of stock exchange matters and their precious advices.
Most of investor’s forget about this that there was a time when no one has a choice of choosing the stockbroker for your assistance because the profession of stockbroker and full service stockbroker highly impacted the market and they are the authority to deliver good output and their high commission was the standard of the market for most of the investors.
Lost Control
The control of full service stockbroker lost in 1975, when a new kind of brokers, discount brokers joined the market and they only charge fractions of your earnings and in return they dominated in the market more than the full service stockbroker.
With the advent of modern times through internet services one can get assistance in the trading activity because now everything is accessible over internet with all the relevant information. But the question that came in our mind that all even with all these quick information near to your desk the investors become better in their prediction on business matters or not?
Answer to this question is that those who take proper before taking any key decision and take full home work by proper and to the point searching are still successful, and the role technology is only to screw up the information and it’s up to investor how he conceives it and use it.
Investor would have a choice to make better decision by choosing from the log list of broker the right broker who can facilitate a good bulk of information as you money manager in better handling your decision making while investing in stocks. To take choice is easy now because of internet.
Categories
There are total four categories in broker types that can give you better idea about your specific spectrum investing which suits you or not with the ranges o services they are offering.
Money Manager
Discount Broker with assistance
Discount/online broker
Full service broker
Money Manger
The money manager basically take the work of those who are having big profile as they take the whole responsibility of the investors assets and in return they take a percentage of the asset and they are very expensive for small investor but the worth of a good money manager cannot be compared to others as it is more than gold because they really know how to make his client successful by taking all the responsibilities on his shoulder of his assets in the market.
Discount Broker with Assistance
These kinds of brokers only give suggestions through newsletters to assist you with unique investing tips but the final decision they leave on the investor and they own websites that contain more research matter but they didn’t offer direct assistance.
Discount online broker
They are the conventional online broker who takes your orders online or through phone and not interested to do any further discussion on what to choose but they only take your order regarding the stock like what to buy or what you want to sell any stocks to just obey your decision regarding investment.
Full service Broker
The conventional or traditional full service broke firstly analyze your financial state then after doing it advise you what is suitable for you according to your current financial state to do any kind investment and they also make a full fledge investment plan for you on periodical basis and are the best kind of broker to take any investment related query of decision.
