How can I find a list of small caps to choose from?
Should I use a broker, a finacial advizer or contiue to do it myself? I am just looking to make a little extra to make ends meet.
Answers
TeachMeMore answered one year ago …
The thing about using a broker is that most of them are only interested in you executing more and more trades...not how much money you make off of each trade. So it would be music to a broker's ears to know you were interested in trading small caps -- they'd have you executing dozens of trades and you'd watch most of your money get eaten up on taxes and commissions. Use a broker/financial advisor if you're looking to create a long term wealth management plan. If you have some money set aside for speculation (e.g. small cap trading), then you might as well get used to doing your own homework and trading yourself.
But again, you should be very careful here. It's a volatile market with uncertain returns, especially now given our current economic climate.
If you do get someone to help you manage your money, make sure they're not paid on a "per trade" basis. Make sure they get paid a fee based on a percentage of assets. This way your interests are aligned a bit better.

