There are some serious problems going on in the brokerage world these days. Full commissioned stockbrokers get massive amounts of money to recommend specific mutual funds. That wouldnt be a bad thing if these funds werent complete trash. Even worse, the Feds dont require any kind of disclosure about these funds from brokerages. A lawsuit sprung up recently in California because of the lack of disclosure, but it was just dropped. So, if you go to a stockbroker for the purpose of opening an account and making money, Clark wants you to be warned. The brokerage may be working entirely for themselves. Now, you may feel uncomfortable buying your own funds, and youd prefer someone to do it for you. Thats fine. But if you choose to hire a brokerage, you want one that is commission free. How do you find out? Your first step is to read the online courses at latimes.com. Start with
Investing 101.