Not exact matches
From what I can see, people
seem to be confused between the minimum initial deposit required to open a Scottrade
brokerage account and the amount required to buy
stocks or ETFs once the account is opened and funded.
Obviously, trading costs are an inescapable part of investing your money in any sort of asset — real estate agents, who are in the business of brokering real estate transactions, regularly take a 6 % to 7 % cut of the sell price of homes, and compared to those kinds of fees,
stock brokerage costs almost
seem cheap.
Even though
stock markets are at all - time highs, it
seems that general investor sentiment is positive overall which in turn, attracts investors off the sidelines and into the online
brokerage space.
The
stock market
seems to be a hard option for me as the
brokerage amounts to about a minimum of $ 14 - 15, and that bites a lot out of a small capital.
Since you
seem to be internet savvy, I suggest you use a discount
brokerage that let's you buy
stocks online with cheaper commissions.
With
brokerage costs offered at companies like www.foliofn.com, it
seems much more feasibly for someone to have extremely high turnover in
stocks, decently low
brokerage fees and closely follow the holdings of these quantitative models which are easily spread over 5 - 200
stocks at any given time, and consistently beat the market.
In any other industry, no monopoly can prevent competitors from operating - you want to open a gas station the suppliers have to supply you with gas, open a
stock brokerage and you can have access to the
stock exchanges to trade your clients
stocks, BUT open a real estate
brokerage, you better first operate the way CREA wants you to operate or you are denied access to the real estate industry
stock exchange - this
seems a little outdated approach and apparently has finally caught up to CREA.