How to Know if Your Broker is Legit?

Following post was contributed by Justin Weinger

Is your broker an ethical businessperson who works for a licensed, registered firm? If you value your financial health, you had better make sure. Even in this age of doxxing, it pays to spend an hour or so checking out the background and reputation of any company to whom you will be transferring large sums of money. There are some unscrupulous players out there, but in all fairness to the industry, there aren’t nearly as many as there used to be. It’s also important to remember that every sector of the economy has its bad apples, so it’s always wise to do your research before choosing a brokerage firm. Here are some easy and effective ways to weed out the potentially unsavory entities as you begin your search for an investment advisor or broker/dealer.

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3 Recent Buys – AMZN, MELI, CSU


A quick update on a few recent purchases in my portfolio. I used the recent correction in Nasdaq to add to my positions.

  • First purchase: I added to my position in Amazon (AMZN) @ $3,175.00. I continue to put a big portion of my portfolio into FAMG names as I believe the big tech companies will keep growing and have tremendous potential with their global reach.
  • I added to my position in MercadoLibre (MELI) @ $1,100.00. MELI gives me exposure to EM markets focused on Latin America as e-commerce and payments sees tremendous tailwinds. The company is well run and this looks like an attractive position to add.
  • I added to my position in Constellation Software (CSU.TO) @ 1,480.00. My largest position by far. I have gone overweight on this name as the current weakness took the stock price <$1500. CSU makes approx 10% of my overall portfolio.

Full Disclosure: Full list of holdings is available here.