Stockbroker A professional person or agency which buys or sells shares on behalf of investors for a fee. This, however, is a poor definition of the dimension of his job. A good stockbroker is a good friend, advising the client on what a good investment is, and warning him off risky and poor investment. He will tender advice, if asked, on the proper timing of purchase and sale, the right price, the right stock, and any other problems of stock market investment.

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