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First decision every investor makes: Finding a broker

Get Started Investing

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How Much Should You Be Paying for Brokerage?

If you are paying too much in a phase, your investment has to do really well just to make up where you got to. So that is why I think rule number one, really be careful how much you will be paying for brokerage. Rule of thumb: Try not to pay anything more than 1% for each trade. If you're paying one and a half, two and a half percent, then you need a stock that's going to be going up just to break even.

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