Stockbrokers can charge up to 5% of the equity value per transaction in your pocket & into theirs for executing just one trade on your behalf. Additionally, many brokerage firms have ticket charges of up to $100 per transaction!
Stockbrokers need to sell you something you do not want to buy, in order to maintain their exuberant lifestyle, make their car payments, etc.
Money managers get a fee from each client they handle regardless of how well or poorly they perform.

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