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You’d have 200 shares priced at $40 each if there was a stock split. The number of shares changes, but the overall value you own remains the same.
There’s also the user-friendliness and functionality of the broker’s trading platform. I’ve used quite a few of them and can tell you firsthand that some are far more “clunky” than others. Many will let you try a demonstration version before committing any money, and if that’s the case, I highly recommend it. The majority of online stock brokers have eliminated trading commissions, so most are on a level playing field as far as costs are concerned.
inflation calculator to see how inflation can cut into your savings if you don’t invest. This may influence which products we review and write about, but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. A brokerage company’s main responsibility is to be an intermediary that puts buyers and sellers together in order to facilitate a transaction. It pays to shop around some and to check out our broker reviews before deciding on where you want to open an account.
robo-advisor, which will build and manage a portfolio for you for a small fee. As a bonus, if you open an account at a robo-advisor, you probably needn’t read further in this article — the rest is just for those DIY types. Once you have a preference in mind, you’re ready to shop for an account.
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