Small investors have more power today than ever before. In the age of the Internet, investors can get real-time streaming quotes nearly anywhere plus low-cost online trades. And they can access tools that are very nearly on par with those that professional money managers use.
With Americans increasingly responsible for their retirement, investing is no longer the province of day traders and suits on Wall Street. Absolutely everyone needs at least some basic investing knowledge and Americans are increasingly taking on the challenge.
As the proverb goes, give a man a fish and you'll get a sushi dinner. Teach a man to fish and he can eat sushi every night. That is somewhat paraphrased, but, to that end, Bankrate has concocted new brokerage account tables to inspire investors to strike out on their own.
Investors can compare and contrast brokerage accounts based on several different criteria, including:
- Commission fees, whether online, phone-assisted or broker-assisted.
- Minimum initial deposit requirements.
- Account maintenance fees.
- Assorted perks such as new account incentives, charts and streaming quotes.
Every day Bankrate endeavors to empower consumers on all financial fronts through stories, blogs and rate tables. The new brokerage tables are an exciting, and hopefully, helpful addition.
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