You don’t have to be a finance expert to invest yourself with the help of a brokerage platform. You don’t have to follow the financial markets in the Wall Street Journal and trade every day. You can take a passive approach of investing in funds that follow the markets. Otherwise, you can go for an active approach which includes buying company securities (stock).
Last but not the least, test their customer service. Try to contact them at different times of the day. Especially during periods of intense activity on the stock exchanges that interest you. Prefer brokers directly accessible by phone or chat, you will be happy the day you encounter a problem with one of your orders.
It’s never too late to take charge of your personal finances and learn the basics of finance. Of course, investing yourself takes more time than buying a GIC. But, it saves hundreds of dollars a year in management fees. You can opt for the CTB platform for the perfect brokerage process. For that you will not have to worry about the Global CTB scam. It’s a hoax.
The best brokerage platform is the one that best suits your needs. For example, if your investment strategy is to buy exchange-traded funds (ETFs), there are some platforms that have a specific offer for ETFs (buy ETFs without commission).
On the other hand, you have to be careful when you invest yourself in the financial markets. It is important to know your investor profile, to determine your financial goals and to know your risk tolerance.
Choosing your brokerage platform when you want to build and manage your own portfolio is a decision not to be taken lightly. You have to pay attention to the costs obviously because they directly impact your performance. But this is not the only criterion of choice.
Anything that can save you time and reduce your risk of execution is also important. If this seems complicated and time consuming, you can also decide to auto-pilot your investment strategy using a manager .