How do multi millionaires/ billionaires trade? Do they also use brokerage firms like TD Ameritrade, Vanguard etc., Or do they have any special ways to trade? | Homework.Study.com (2024)

Question:

How do multi millionaires/ billionaires trade? Do they also use brokerage firms like TD Ameritrade, Vanguard etc., Or do they have any special ways to trade?

Brokerage firm:

A brokerage firm is a firm that helps in providing a wide range of financial services and also allowing individuals to buy and sell securities. Brokerage firms are also able to offer consulting services, planning services, wealth management services, and trust services. The value that individuals gain from a brokerage firm is usually reflected in the commissions that the brokerage firms charge.

Answer and Explanation:1

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Multi-millionaires and billionaires do use brokerage firms like TD Ameritrade smart mining and vanguard, but they still have other unique ways of...

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How do multi millionaires/ billionaires trade? Do they also use brokerage firms like TD Ameritrade, Vanguard etc., Or do they have any special ways to trade? | Homework.Study.com (2024)
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