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Why Cant I Just Buy My Own Stocks At The Stock Exchange?

April 26, 2017buy stock exchange stocks

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Why Cant I Just Buy My Own Stocks At The Stock Exchange?

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The broker acts on behalf of a person who wishes to buy or sell shares. It is more costly to buy stock without going through a stockbroker. Shares not traded on the Jamaica Stock Exchange will attract Stamp Duty and Transfer Tax. These charges are considerably higher than the customary brokerage fees. It therefore suits an investor to work through a stockbroker who can also give advice about the specific securities of interest.