I can remember the day my wife came home from one of her business classes and told me that she had just learned that only the wealthiest 2% of Americans owned any stock at all. Can you imagine that 98% of us Americans don’t own any stock, and that owning stock (or not) is one of the measures of wealth (or lack thereof) in the social services offices as ways to determine if you are poor enough to receive food stamps?
It was right about that same time that my wife decided to take a closer look at Online Trading. Up until that point she had purchased a couple of IRA Accounts and was Stock Trading with a broker that had been a friend of her ex-husband’s. She decided that it was time to take advantage of the financial benefits of instant trading and low cost trading fees. She was pretty tired of having to chase down her brick and mortar broker to buy or sell stock.
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