No. of Recommendations: 0
Which broker you choose depends on several factors:

Do you want the impersonality and convenience of an online broker, or to be able to talk to a person who will then execute your trade?

Will you be buying investment-grade vs. speculative-grade corps?

Will you be buying on margin?

What will be your opening balance?

E*Trade's margin rates suck big time, as in they are still at 9.75% for not having adjusted to the Fed's rate cuts. [Broker's call is now 5.75% and for small balances most places are going to add two points to that.]But $2k opens a margin account and they offer junk bonds, as opposed to Waterhouse, Schwab, CSFB. And I'm happy with them.

From my experience avoid BondAgent [stale data, no limit orders.]

Charlie
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement