243. Stockbrokers- Do You Need Them?

When it comes to our finances, it’s natural for many to follow the traditional approach to investing by using a stock broker.  Over the past couple of decades, however, there has been a growing trend to go against the grain and not use a stockbroker.  You may have seen the commercials online by companies urging you to bypass stock brokers by investing in their online platforms; they show curves of net worth over the course of decades, suggesting that when one takes compound interest into account, all the fees one pays to a stock broker can add up to hundreds of thousands of dollars in the long run?  So what does the math show?  Is using a stock broker actually detrimental to one’s overall earnings in the stock market?  Or despite the higher fees, does the stock broker bring an added intangible value?  Hosted on Acast. See acast.com/privacy for more information.