In the days before discount brokers, only the wealthy invested in stocks. After all, before discount stock brokers, commissions on trades were typically over $100.
In order to get your commission down to 1 percent, as recommended, you'd have to buy $10,000 worth of stock at a time.
The Father of All Discount Stock Brokers - Charles Schwab
Luckily, there came Charles Schwab, first of the discount brokers. His namesake company slashed commissions down to around $40 per trade, which made
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