No. of Recommendations: 1
As Paul says, Once you know what you want to invest in, you will be able to decide which broker offers the services you plan to use at best prices.


Opening an brokerage account is the easy part and the part that doesn't make you any money in and of itself any more than walking in the front door of a casino will make you money at any of the games offered there. Investing is just gambling. It's playing a less-than zero-sum game with counter-parties who will take every penny you have unless you're smarter than they are about about the bets you're making.

Without a sound, solid, well-tested investment plan, you could be allowed to transact commission-free with zero spread, and you'd still lose money. Stop worrying about which screwdriver has the most comfortable handle. Focus instead on the more basic problem of how much time and effort are you willing to spend learning how to invest in whatever asset-classes interest you and/or seem to offer you the best opportunities given your time, capital, and research skills.

Investing is a job. It's a business. You've gotta treat it with the seriousness that success requires, or else you're going to lose money no matter who your broker is. First, figure out what you want to do in the wide, wide world that investing is, and then go looking for a broker.

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