Quote:
Originally Posted by Dee8go
Definition of a stock broker: "Someone who manages your money for you until it's all gone."
My sister (the stock broker) has never really appreciated that joke . . .
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Just think about it. They make money when you trade (you pay them commissions). Everytime you trade, the broker makes money whether you do or not. the way to make money in stocks is to buy and hold. do you honestly think there are many brokers out there with that philosophy?
i am sure there are honest brokers out there. and i am sure there are very rich brokers out there. But i seriously doubt if there are plenty of honest rich brokers out there.