Lately, my e-mail from readers has been heavy with questions about how to find a good stockbroker. Frankly, I'm surprised at that. In my view, finding a good stockbroker-or any stockbroker-may not be the best course for the typical small investor. For reasons that I've written about before, I don't believe that most people should invest in individual stocks. Study after study has shown that most professional analysts who spend their careers trying to pick winning stocks seldom do any better than the market averages-and more often fall well short of the averages. Some studies have indicated that the typical stockbroker does no better than you or I could do when it comes to picking winners.
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