online investment make about

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Before you can begin investing, you must open a brokerage account (for those of you who don’t know what this is, read the article ’What is a Broker’ in the Beginner’s Corner). As an investor, choosing a broker is one of the most important decisions you’ll have to make. Although the largest difference in between traditional and discount brokers is the cost of each transaction, differences in commission prices between two firms of the same kind can be tremendous. One discount broker may charge $30 per trade, whereas another may charge no more than $8. In some cases, the higher price means higher service, faster execution (i.e., your buy and sell orders are carried out in a shorter period of time), and more perks, but this is not always the case. Each broker has a minimum opening balance requirement. Some are as low as $500, most are around $1,000, and several are higher. The general rule of thumb is you should have at least $1,000 when you go to open an account online investment. Be careful though; some brokerage firms may have a low opening balance but will charge you a maintenance fee if your balance falls below a certain amount. Although the fee may be as little as five to fifteen dollars per quarter, it can significantly eat up your investment returns if you are just starting out e.g., $60 per year in fees on $1,000 account balance is equal to 6% interest! investing
https://www.moneyonlineinvestment.com