If you’re like most individual investors, your private investment portfolio has probably missed out on much of the gains in the stock market for the last few years. While most American households have been trained to maximize 401K and IRA contributions, a great majority stop their investing habits there. Because we aren’t all blessed with the ability or confidence to pick stocks, the fear of making mistakes and losing money paralyzes us into ignoring even the most basic investment strategies, such as picking a passively-managed, low-fee mutual fund.
Fortunately, websites like BestDiscountBrokerages.com have made it their mission to review the best online brokers with the lowest fees and commissions. Reviews are provided by former industry professionals who aim to make choosing an investment platform as easy as possible. To start, BDB has focused on reviewing new brokerage firms where investment professionals and technologists have teamed up to bring consumers “robo-advisors”. What are robo-advisors you may ask? Robo-advisors are companies that provide financial advice and portfolio management online without human interaction or intervention. If you feel unprepared for retirement or just need to earn more on your cash savings, try finding the right online broker for your needs.
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