Years ago, I was a limited partner at Bear Stearns and Company in New York City. Once a year, we would have a partners meeting, and I would attend as a matter of course. Now keep in mind that we were a trading firm, also a brokerage firm. Back then we didnt do nearly the amount of investment banking that is done by some of the majors such as Goldman, Merrill, and Lehman Brothers at the time.
Changing Stock Brokers Can Be Dangerous To Your Financial Health
You need to find a stockbroker,or change brokers…but how do you know if your getting a good deal?.Sure… the salesman said it’s a great deal and you would get 10 free trades…but what’s the catch?.Guess what? The salesman is paid to sign up new accounts not to help you.I can tell you from personal experience…they “bend the truth”as much as any used car salesman,and so much more money is involved !!.