About victor mader Expertise I`m not a broker therefore I can assure that I earn no monies from my unbiased advice. I usually don`t comment on specific stocks but rather how to avoid getting "taken" by any unethical brokers, financial advisors, etc. I have 35 years of personal experience and stay well informed. My goal is to make you a better informed investor. I`ve been told by several stock brokers that I know more than many registered brokers.
Experience I spend an average of 1-2 hours per day reading about investments and have since 1965. I now have accounts at DLJ and Goldman Sachs, two very fine firms.
Expert: victor mader Date: 3/23/2000 Subject: stock
Question what is the role of a stock broker and why are is picking a good broker critical?
What are the important world exchanges and why are they important to the U.S. market?
What is the importance of Mutual Funds in todays market?
Answer The role of a good broker is to offer you advice that will make money for YOU, not himself.My guess is that you're still a novice so I would not use a broker just yet. If you're a beginning investor I would suggest you go to mutual funds.
World exchanges, other than US, should be of no consequence, as investing in the stocks of one country can best be done via a "country fund", like the Germany Fund, Japan Fund, New Germany Fund, international funds. Consider Russel 2000 index funds through Vanguard or Fidelity. You can get more information when you call 800 information for their numbers; call and just ask for investors kit with prospectus.
I would urge you to begin investing via a mutual fund. You can learn more about the best rated funds in various categories at www.morningstar.com
Best of Luck,
Victor
You can learn more about investing free, on the net. Find a Forbes magazine titled "Best of the Web", dated spring 2000, in centerfold you'll find listing of sites to further your education. I also urge you to try a trial subscription to Wall Street Journal, and subscribe to Forbes. The money you spend is deductible and you'll save it many times over a lifetime of investing.
