Question

1. Choosing an Online Broker

You’ve decided you want to sock away some savings for a rainy day, so you pick up a part–time job delivering pizzas on the weekends. After a month you’ve saved $1,000. You already have your emergency savings fund set aside, so instead of your $1,000 sitting in your checking account, you’d like to invest it so you can put your money to work and start earning returns! You’re new to the stock market, so you do a little research on the best online brokerage firm to use.

Use online search tools to research 3 online brokers and compare them based on the following criteria. Examples of brokerage firms include Charles Schwab, TD Ameritrade, E*Trade, Robinhood, etc. but you can choose any companies you’d like to review.

Name of Company:

Minimum balance to open an account:

Cost to buy or sell a security:
Other features:

Name of Company:

Minimum balance to open an account:

Cost to buy or sell a security:

Other features:

Name of Company:

Minimum balance to open an account:

Cost to buy or sell a security:

Other features:

Which brokerage will you invest your $1,000 with and why?

2. Create a case study from your own newspaper article or articles. Include the link to the article and write in complete sentences.

Do not use other chegg answers please.

1: Summarize the article/s, what is happening and why is this important?

2: How does this article relate to strategies - Competitive Strategy, Corporate Strategy, Business Strategy, Functional Strategy and Operating Strategy

(i.e. external, internal, rationale for biz level strategy, mergers-alliances, global strategies, etc.)

3: Make recommendations (how the company may better implement the strategy or strategies, (i.e. what makes these strategies successful? Remember connect the dots (such as successful global strategy can be determined by entry mode and risk, which is based on country-level stakeholders, internal analysis of firm, alliances, acquisitions etc.)

Remember be specific, and name what particular strategies are used.

Answer 1

1.

Below is the comparative analysis of the three firms as required:

Name of the company	Minimum balance to open an account	Cost to buy or sell a security	Other features
E*Trade	$500.00	$6.95	Options contracts trading allowed and Futures contracts trading allowed , no service fee
Fidelity	$0.00	$4.95	Options contracts trading allowed, no service fee
Vanguard	$3,000.00	$7 to $20 based on no. of trades	Options contracts trading allowed and Futures contracts trading allowed , $20 annual service fee
Schwab	$1,000.00	$4.95	Options contracts trading allowed and Futures contracts trading allowed , no service fee

On the basis of above analysis, I would suggest Fidelity brokers who has a minimum account balance of $0. If investments in futures contract is not on the cards as the transaction cost is also lowest among others. Else Charles shwab should be selected where investment in futures contracts are also allowed with the same amount of transaction cost.