I’m the first one to admit that I’m no expert about Stock Trading. But it really galled me when many years ago a friend of mine decided to become a stock broker and he tried to talk me out of buying the Disney Stock and the Wal-Mart stock that I wanted to buy! He tried to convince me that those two stocks were not good investments! I had a really hard time getting him to buy those stocks for me, and I’m glad that I over-rode his recommendations and went with my own gut feelings.
Those stocks that I bought have done well in the market, while the stocks he was suggesting have not done well at all. I suspect that there was some ulterior motive behind his company telling him to push those certain stocks, and it certainly made me very uneasy.
That’s the biggest reason why I turned to Online Trading when it became available. I think that I’d prefer to do business with an Online Broker because I can make my own decisions about what investments I want to make without feeling that I’m jeopardizing any friendships!