2 Top Brokerage Stocks to Buy in August
Brokerage stocks can be a solid addition to a diversified portfolio because they tend to produce revenue no matter the broader economic conditions. These companies clearly benefit when the economy is growing because that growth leads to increased investing activity. But they also can benefit during times of market volatility, as that volatility often leads to increased trading activity as well.
Charles Schwab (NYSE: SCHW) and Interactive Brokers (NASDAQ: IBKR) are two brokerage stocks that can make an excellent addition to your portfolio today. they have a proven ability to produce income from the fees they collect on equity trades and from the interest income they receive for managing various loans and other services.
With the market back in a growth mode this month, these two brokerages stand to benefit even more. Here's why.
Source Fool.com
