Choosing a Broker: 2nd Factor

• Risk: As mentioned above, age is a huge factor when determining risk. However, you don’t have to be close to retirement to be a conservative investor. Regardless of your age, if you simply don’t have the time or patience to make your own investment decisions, then a full service brokerage firm would better meet your needs. If you do however have plenty of time and patience to do your own research and make your own decisions, then a self service brokerage firm would be a better fit. Thus if your portfolio loses value, you have no one to blame but yourself, however if your portfolio triples, you will take pride in your investment decisions!