Advantages and disadvantages of being a stockbroker

Holding the role of a financial advisor, these individuals have access to cutting edge knowledge and investment strategies in the financial sector.

A stock broker is a professional at providing financial advice. Additionally, one can greatly benefit from hiring a stock broker due to the fact that the broker can handle the administrative paperwork and record keeping that is required by law when making investments.

Lastly, a professional stock broker establishes a learning based relationship with the client; they can educate one on the ins and outs of the financial market, and provide sound investment strategies for achieving success.

A major drawback of hiring a stock broker is the costs associated with the service.

Also, it is not uncommon for the broker to still make money even if one has lost money on a certain investment. This can create hard feelings and an unsatisfying relationship between broker and the investor.

This creates a second drawback which pertains to conflicts or complaints launched against the stock broker by the client. The relationship between broker and client is tenuous in the sense that conflicts of interest may arise from the broker, wanting to get paid, and the client seeking sound financial advice.

For all parties involved, satisfactory results are usually delivered in a timely manner and everyone leaves the table with their goals and egos intact. Investing for Beginners What Are Investments? Investing Rules How To Start Investing Using A Stock Broker Building A Portfolio How To Track Your Investments Bonds What Are Bonds?

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