Hello,
It`s me dum dum again. A billionaire or a millionaire will trade 45 million $ just on Apple. If they do that, they need a broker, right? Since trading and retail traders can only have a 1 million $ account, how do the big guys buy millions of $ worth of stock?
Dont they have to deposit 50 million $ to a broker? How does that work? Say you arent doing much trading but portfolio management.
It`s me dum dum again. A billionaire or a millionaire will trade 45 million $ just on Apple. If they do that, they need a broker, right? Since trading and retail traders can only have a 1 million $ account, how do the big guys buy millions of $ worth of stock?
Dont they have to deposit 50 million $ to a broker? How does that work? Say you arent doing much trading but portfolio management.