Can anyone recommend a franchise investment company? i.e. Schwab over Edward Jones, etc.?

Question

As a young, first time investor, I want to make sure that I find a group with great service, who are willing to REALLY explain options. I am hoping to find a company familiar with my demographic, and who won't scoff at the admittedly small amount I have to start with. Thank you!!

Answer 1

Both companies are good choices for different reasons.

Edwards Jones specializes in good advice. Financial planning. Personal Service. They're interested in small accounts because... over time it develops a larger account.
You work with a planner. Usually in Mutual Funds (a good choice for a newbie). The only negative is.... you pay for the service (it's only right). Purchase of a Mutual fund averages 5.75% of the investment.

Charles Schwab is the original "on-line" broker. They're great for the newbie because they have all the tools you need to be successful plus help is just a phone call away. They're less expensive than Edward Jones.... but you've got to learn the basics on your own to make the combination work.
Schwab has many funds that you don't pay a sales fee to get into (no load). Stock trades are $12.95 each (on line).

I've been with Schwab since 1985. I trade with "ThinkOrSwim" (great service for the experianced trader). I have a friend that works for edward jones and I've had friends (and relatives) go to each.

Schwab or Jones are a good choice for you. Each appeals to a different investor;

Schwab: For the do it yourself new investor.
Jones: For the investor that wants someone else to do the "work".

good luck!

Answer 2

This Site Might Help You.

RE:
Can anyone recommend a franchise investment company? i.e. Schwab over Edward Jones, etc.?
As a young, first time investor, I want to make sure that I find a group with great service, who are willing to REALLY explain options. I am hoping to find a company familiar with my demographic, and who won't scoff at the admittedly small amount I have to start with. Thank you!!

Answer 3

Edward Jones Franchise

Answer 4

IR usually refers to Industrial Relations? I have interviewed hundreds of people for all kinds of jobs. So first to the advice on how to conduct yourself. Salary come last not first. You answer questions, not ask them until invited The moment you walk though the door the interviewers have got a good idea of the person they are looking at. If they are experienced they already know they are on a 50-50 chance of success whatever happens. If there is a small panel one person will be the leader identify him as quickly as he identifies you. When asked a question only look at the questioner. Fix him with your personality and presence and don't let him off your mental hook until you finished what you want to say. Don't lie, and above all don't try to kid anybody. If you don't know, don't just say you don't, say , 'That's an interesting point I hadn't thought about. I will correct it at my first opportunity. Or something like that. You are selling on commission something that's unpopular with everyone. How to do it? Cold calling needs tenacity and self belief but first you must sell yourself. Make your call and leave your card since you don't expect people to be available. Suggest a time and when rejected give them an an alternative as if confirming it. On your second visit display the wares and their differences and ask them about their investment reasons. If things look uncertain tell them you can see they have a lot to think about and make a third appointment. On this one you must close the sale. The product must be the best for them. They have to believe you believe it, and you do, otherwise stop selling. Don't overstretch anyone's ability to pay long term. From day one your first objective is to make your first and every client your friend and their adviser. You want referrals not punters, you want a network not cold calling forever. One more tip, watch the commission side of it and find out how much you would loose if you left after one or two years. Good luck.

Answer 5

etrade and schwab and ameritrade all have similar products

the only demographic they consider about you is how much iinvesting you will do, with how much money


but starting out is fairly cheap, no more than $15 for any trade and discounts for volume.

just pick one and start, but if you don't have $500 to invest there isn't much reason to invest now in any stock, just study and wait untill you have more

Answer 6

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