Noob right here with a noob query.
I’ve some shares in a portfolio at an enormous title brokerage agency. It is one thing setup for me from an organization I used to work for as a result of I exercised and stored among the inventory choices. I did not contact it for a very long time. It is my fault for being ignorant about investing, I might have used these property higher. However total, I made some cash from sitting on it, so blind luck labored in my favor to date.
I consider I ought to begin by diversifying as a substitute of holding shares of a single firm. However that brokerage agency expenses a number of charges. It was high-quality to date as a result of I by no means did something with it. Now that I need to study to be extra palms on, I noticed all the things I do, purchase, promote, I will get charged a charge.
What I discovered is I might transfer my portfolio to a different well-known brokerage agency that truly would not cost any charges for after I purchase/promote shares.
What is the catch? Why are some brokerage corporations costly and a few do not cost any charges? Is it a no brainer that I ought to simply transfer my portfolio over?