When it comes to our finances, it’s natural for many to follow the traditional approach to investing by using a stock broker. Over the past couple of decades, however, there has been a growing trend to go against the grain and not use a stockbroker. You may have seen the commercials online by companies urging you to bypass stock brokers by investing in their online platforms; they show curves of net worth over the course of decades, suggesting that when one takes compound interest into account, all the fees one pays to a stock broker can add up to hundreds of thousands of dollars in the long run? So what does the math show? Is using a stock broker actually detrimental to one’s overall earnings in the stock market? Or despite the higher fees, does the stock broker bring an added intangible value?
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