Thursday, November 5, 2009

Online Stock Broker Needs to Give More Extras

By Rex Casadus

It's important to find a stock broker that offers extra features in addition to the ability to buy and sell stocks. You may not know the difference at the beginning, but you will once you start needing the extra benefits.

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.

Others are starting to offer credit card services on top of traditional investments with your account. In fact, the best cash back credit cards are actually brokerage firm credit cards. Interesting isn't it?

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.

ATM cards from brokers are great because they don't charge you any fees for withdrawal no matter where you take money out. In fact, they will give you money to compensate for the fact that other ATMs will charge you.

Brokers that have physical locations are great. Even if you can't call in, you can drive to the branches and straighten out your problems with your account. When you see someone face to face, it's much easier to explain your situation.

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. - 23204

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