Thursday 12 December 2013
How to choose a good Stock Broker?
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| Finding out a good stock broker is essential, as its a matter of your earned money |
When it comes to making investments
there never comes a time where stocks are not in trend. Nowadays, literally
every investor is doing it and they aren't wrong either. Why wouldn't you
invest in stocks where you are sort of guaranteed of huge returns? However,
these returns aren't earned by just sitting at home. You need to be proactive
when it comes stock market trading. But we aren't robots who can constantly sit
in front of a screen and look at company stocks all the time. We need our own
time too right?
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| Stock brokers can help you double your money |
So when you are investing in shares,
other than money, you would need a friend or a person who sorts of guides you
and makes the task of trading much easier. Here, I’m talking about a stock broker.
With so many different kinds of brokers out there, not every one of them can be
trusted in bringing you profits. In short, every broker is not a good one. So,
the reason why I’m writing this article is to not only educate you on how to
look for a good one but also what his characteristics should be.
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Before investing, you should
always consult your friends and relatives. This way, if someone in your circle
has a good experience with a broker, ask them to refer the person to you. However,
if that doesn't look possible, you can always call up any of the leading brokerage
companies and ask them to assign one to you.
·
After you have short listed
some of the names, interview all of them one by one. Yes, this might seem
stupid and tiring but a stock broker needs to be a person whom you trust and
can communicate with. Also have a little discussion with them regarding your
finances and future plans. Now give them a chance to bring forward their ideas
and suggestions regarding the Indian share market.
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Check the reputation that he
holds in the market. Look into his previous track records and how he has
performed for his clients in the past.
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After you have selected your
broker, don’t get too excited and assign him with a big sum. Therefore, your
objective at the first few interactions should be entrust him with a smaller
sum and see how he performs. Also, make sure that you stay in contact with him
and observe his work at all times.
So if you seek to become master in share trading, hiring a broker is a must.
Below is a useful video, which explains us how to choose the right stock broker for our money.
Thank you for sharing such valuable and helpful information and knowledge. Thank you for sharing the amazing post with us. Keep it up. I would love to see your next update.
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