On 09/17/2016 12:53 PM, Nick Sabalausky wrote:
That's how I hear it worked in the 50's, but does anyone but the brokers
ever gain any real interest from such accounts anymore? From everything
I've ever seen and heard, they pretty much all now work such that
basically all the earnings get scooped off the top by the banks/brokers
themselves (who don't assume any of the risk themselves anymore) leaving
the original investor with nothing more than their original invested
amount. Brokers and managed accounts are turning into the new "savings"
account anymore, you'd (literally) earn more annually just picking up
the loose change you see in a parking lot.
Are you referring to full service brokers, money managers, investment
advisors, and the such? We're not looking for such, only an online
brokerage that allow us to do our own stocks/funds investments. -- Andrei