scot trade
- Thread starter rockstar45177
- Start date
"In 2008, the Securities and Exchange Commission charged the company with making fraudulent misrepresentations to clients. The company settled the dispute by paying a $950,000 fine.[28]"
Just sayin'
I don't really know if they're to be trusted or not, I think etrade is a more trusted company.
Just sayin'
I don't really know if they're to be trusted or not, I think etrade is a more trusted company.
Yikes.....
It would be great if I could find a broker that is honest and would do my trading for me as I do not want to spend hours in front of the computer ( i already do enough of that already with IM)
would not mind paying for this either.
but from what I hear most of them are just like car sales man and tell you what you want to hear in order to get a commision.
just in this case they sell securites and not cars.
seems like the vast majority of them are not financial wizards and do not have any special insight in the market. But then again those that do are probably too busy ballin to share their secrets.
So they can screw you over? Why does Goldman Sachs deal with clients, so they can front run your orders and give you the worst price possible for the stock you want to buy.
That's how brokers and investment banks make their money by totally fucking over their clients. The only problem is their clients don't realise it's happening.
If you want someone to invest money for you than you probably shouldn't be looking at discount brokerages. With most discount online brokerages you don't even get a personal broker. You just get low comission trades and some free basic research tools.
If you want someone to be investing your money for you with consistent double digit returns every year then you should be looking at things like hedge funds instead. But the requirements to invest in one maybe a little steep for some.
Any respectable hedge fund would need you to have a net worth at least $1 million excluding your home, make at least $250,000 a year and have minimum investment amounts of $500,000 or so.
Its funny, my dad uses a broker to place large trades and the broker will ask him for advice. They are just normal people that got a license to trade stocks, I certainly wouldnt trust anyone playing with my money. Stocks are a crap shoot for the most part anyway, I just buy high dividend preferred stock for the most part now.
thanks Man will look into hedge funds right now. anyone specific you would reccomened ?
Bernard L. Madoff Investment Securities, LLC based in New York.
They have sick returns. Highly recommend them.
I haven't used them, but my brother did. He didn't stay with them for that long though. I started with Datek Online, then they became Ameritrade, and now TD Ameritrade. I have no complaints with that broker.
If you're looking for an online broker that provides self-directed accounts, check out the annual rankings that Barron's puts together. You choice will be dependent on what you want to trade (e.g. stock vs. options vs. futures) and what service you're looking for (e.g. lowest commissions vs. access to research, tools, etc.).
If you're looking for someone to manage your money on your behalf, you'll want to talk to a Registered Investment Advisor, or a traditional broker (e.g. Merrill Lynch).
If you're looking for someone to manage your money on your behalf, you'll want to talk to a Registered Investment Advisor, or a traditional broker (e.g. Merrill Lynch).
40% S&P 500 ETF
40% International Markets ETF
20% Emerging Markets ETF
Will beat any broker/advisor and it couldn't be easier
40% International Markets ETF
20% Emerging Markets ETF
Will beat any broker/advisor and it couldn't be easier