The world of investment is more accessible now than it ever has been. You can be online in minutes trading the forex markets with dozens of products, speculating on the price of oil, or buying shares in the next big tech giant. It really is very easy, and you don’t even require significant capital to start with. There are providers out there that offer things like spread betting with just a few pence riding on a pip. This is all great from one perspective, but it also means there really is significant risk, and you should be careful. The bottom line is that if you’re new to this, you should get some help – but should it be from a stockbroker?
A stockbroker will help you manage your investments and build a portfolio. They’re there to help you make better decisions than you would by yourself. It’s true that there is a huge wealth of information widely available on the internet, but this isn’t always completely accurate, and it also take a significant investment of time to learn everything you need. Even then, you can’t be sure that you know everything. In most countries, licenced stockbrokers are required to have a variety of relevant qualifications to demonstrate that they are equipped to deal with your investment and surrounding questions. Unless you’re a seasoned veteran of the markets, the chances are that a good stockbroker is going to be able to make better decisions than you can, which can help you both protect your investment and increase it.
In reality, the only drawback of a stockbroker, is that as with all financial advice, it will cost you money. This will vary from provider to provider, but as a general rule of thumb, you’ll get what you pay for. The very best will be in high demand – award winning-brokers like Killik & Co will make their credentials very clear to you. Before deciding whether to sue a broker or not, you should consider how much you could stand to lose, or make, while making your own decisions against the potential when using a broker. The chances are that their fees are well worth it. Only if you’re a very small trader is it unlikely for a stockbroker to be good value for money.
The decision appears to be quite simple. Those that are very serious about their investment are far more likely to make sure that they’re making the best decisions that they can, even if it costs them a small percentage of their returns. Can you afford not to make the best decision?