In the previous posts, we talked about how important it is to invest in software that would help us manage our finances and investments, as well as continued learning experiences for our continued growth. Today, we’ll talk about another equally crucial investment: investing in the right, great stock broker to help you keep your money revolving, even as you sleep.
Crucial Investment #3: Great Stock Brokers
We’ve already worked towards finding the right tools to manage our financial flow. We’ve also worked towards constantly upgrading our skills and our knowledge for our business and career. Now, we should work towards finding the right people or tools to help us create our passive income flow. We’re now about to explore our options for great stock brokers!
First up, your stock brokers need to be:
- Excellent at what they do
- Would customize your portfolio and match this with you: who you are, and your personality as a trader.
Great stock brokers need not be from the top brokerage firms. You just have to find the right gems and be willing to pay the price they command for their expertise. However, people like these are hard to find, but great online brokers, discount brokers and investment websites are available.
Online brokers like TradeKing would help you get started on your stock portfolio without the hassle and the wallet drain of human brokers. Other options would include Zecco, Etrade, Scottrade, OptionsHouse and OptionsXpress. These are my top picks according to ease of use and value for money.
If you’ve read Rich Dad, Poor Dad by Robert Kiyosaki, then you understand the urgency of why you need passive income. And as the rest of life teaches us, trustworthiness and reliability are equally important. Thus, if you are thinking about investing, choose a (human) stock broker that you can trust with your life, so that you can trust him with your investments, or if you are thinking about working on the investments yourself, then choose an online stock broker service that you can count on. Trust that my picks are the best around, and if you’re not yet convinced, here’s the link for a full review of the Best Online Stock Brokers For Cheap Stock Trades.
Investing is not just about #3. It’s all about #1 and #2 as well. Investing is a holistic exercise in constantly putting your resources into what will bring returns to your career or to your business. So, invest in the right places, and see your career/business soar!
Other articles in this series:
Invest in Great Budgeting Software: Invest In Yourself Part 1
Invest In Your Continued Learning – Invest in Yourself Part 2
Discount Brokers – Learn How To Trade On Your Own