SSH 105- Final Exam Guide - Comprehensive Notes for the exam ( 64 pages long!)

• School: Ryerson University
• Department: Social Sciences and Humanities
• Course: SSH 105
• Professor: Catherine Ellis

Document Summary

So you have ,000 set aside, and you"re ready to enter the world of investing. In this article, we"ll walk you through getting started as an investor and show you how to maximize your returns by minimizing your costs. What you may not know, however, is that all inancial institutions have minimum deposit requirements. In other words, they won"t accept your account application unless you deposit a certain amount of money. Some irms won"t even allow you to open an account with a sum as small as ,000. Stockbrokers come in two lavors(cid:511) full-service and discount. As the name implies, a full-service broker provides much more in the way of service, but it only deals with higher net- worth clients. It"s common to see minimum account sizes of. This leaves the ,000 investor with the option of a discount broker. Discount brokers have considerably lower fees, but don"t expect much in the way of hand-holding.