Stock Broker Needs to Give More Extras
October 16, 2009 by Rex Casadus
Filed under Stock Trading
Most people know how to buy or sell a stock, but many are too lazy to bother looking into the different features that each brokerage firm offers. Here are a few ways that an online broker tries to help its customers.
Those that offer investing tools should be given a first look. These online tools can help you identify and cross check your portfolio for weakness and help you improve on your strategies.
You may not see stock broker and credit cards mixing but the best cash back credit cards are actually offered by stock brokers. Of course, they are offering it to get your business but I will take any advantages I can get.
Brokers will bill pay is ultra flexible, especially when combined with a margin account. No, you shouldn’t borrow money to pay your bills but the extra leeway is convenient when you need a few days to transfer your funds.
Security tokens are a great way to increase security so if your broker offers this option, it’s a big plus to the offering.
Stock brokers really want you to use their account, so they are going to give you an ATM card and reimburse you any fees that you incur while withdrawing money through ATMs. It’s really convenient.
Some online stock brokers come with physical branches, and may have employees there that can offer investment advices. They also provide face to face technical support should you have any questions with the account.
Reinvesting your dividends are a great way to build your investment portfolio but some unreasonable broker will charge you every time they purchase those stocks for you.
Multiple brokers are starting to offer a high yield savings account along with the investment account. This is great because you can use it as a cash sweep account and earn high yields.
Lending Club offers a new way to invest your money. The returns are good but it’s different so do your due diligence before you commit.
