September 14, 2006 5:56 AM
Full-Service Broker Or Discount Broker
Before you choose a stockbroker, decide whether you need a full-service or discount broker.
• Full-Service Brokers. If you need some advice about which stocks and bonds to purchase, then you'll probably want to consider using a full-service broker. You will pay this broker a commission. In exchange, you will have the benefit of his or her professional advice.
• Discount Brokers. If you're willing and able to research your own investments, then a discount or deep-discount brokerage firm may suit your needs. Don't expect to get much advice from a discount broker. Most of these brokers will only take your orders to buy or sell stock and, then, carry out those orders.
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