How do I know which brokerage firm to trust?

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How do I know which brokerage firm to trust?

2006-11-03 14:39:24 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing

4 answers

You can't trust any. Brokers want you to trade as much as possible. You want to invest, which means that, other things being equal, you want to trade as little as possible. There is an inherent conflict of interest here which you need to be aware of.

2006-11-04 07:32:24 · answer #1 · answered by NC 7 · 0⤊ 0⤋

Ask your friends which brokerage firm they use.

2006-11-03 22:41:08 · answer #2 · answered by newyorkgal71 7 · 0⤊ 0⤋

If the firm has over a century it is unlikely they will steal your money.

2006-11-04 02:02:58 · answer #3 · answered by Anonymous · 0⤊ 1⤋

Ultimately, you must step out in faith, but Edward Jones has a good reputation and they have been fair with me.

2006-11-03 22:40:57 · answer #4 · answered by Isis 7 · 0⤊ 0⤋