Stock broker managed account – Is it ok to invest like this
One of my friend shelly asked
I want to ask some thing,is it ok that my broker trades for me.I mean i have put money in the account and now he will look after it and manage the investments.
I would say you should better watch it off as brokers can use this opportunity to frequently misused clients ‘ money.Brokers do not get the Commission to make a profit, but the volume of trade is to be paid. Have been using the investor’s money to the internal date of the authorisation of the investors ‘ trading without an insurance broker. When you retrieve the proxy information, you may see a house in a portfolio with a running losses, the huge number of commissions paid.
