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This paper acts as a brief user guide for potential online investors and discusses some of the criteria to consider when opening an online brokerage account. It also looks at some of the options for assistance for the novice as well as discussing consideration of the amount to be invested and the fee structure.
From the Paper:"Many of you may not have prior experience investing. Therefore the first thing you should keep in mind before opening an online brokerage account is how much assistance you will need. Assistance can be of two forms, customer service or research and training.There is often a tradeoff between quality assistance and affordability. Therefore you must decide what is more important, assistance provided or the cost of investing. According to an online broker review done by Consumersearch.com, the online brokerage firm Fidelity's customer service is rated as the best in the Business. Charles Schwab is another broker known for customer service."
Sample of Sources Used:
- "Online Brokers: Full Report" Consumersearch February 2009. 2 March 2009. <http://www.consumersearch.com/online-brokers/review>
- Anderson, Thomas M. "Best of the Online Brokers." Kiplinger.com November 2008. 2 March 2009.
- Carey, Theresa W. "Making It Click: Annual Ranking Of the Best Online Brokers." Barrons.com March 2008. 2 March 2009. < http://www.barrons.com/article/SB120554254483438485.html>
- Parmar , Neil. "SmartMoney's Annual Broker Survey." SmartMoney.com 20 May 2008. 2 March 2008. < http://www.smartmoney.com/investing/economy/smartmoneys-annual-broker-survey-23119/?page=all>
Cite this Descriptive Essay:
Online Investment (2010, October 21) Retrieved December 12, 2019, from https://www.academon.com/descriptive-essay/online-investment-144977/
"Online Investment" 21 October 2010. Web. 12 December. 2019. <https://www.academon.com/descriptive-essay/online-investment-144977/>