10 Brokerage Accounts Everyone Should Consider When Investing
choosing the right brokerage account is the key to reaching your financial goals.
When you are ready to start investing your money,
Fortunately, you have plenty of options to consider when you are looking for your online broker.
Since there are so many options, it can be daunting as a beginner or investing noob to know where to start and which platform is best for you.
But don’t worry! Below I’ll cover the best brokerage accounts to consider,
which will hopefully help you make a more informed choice!
What is a Brokerage Account?
A brokerage account is an investment account that will allow you to buy and sell various investments like stocks, bonds, mutual funds, index funds, or ETFs.
Types of brokerage accounts
When you look at opening a brokerage account, you will have two choices when you pick your broker: an individual brokerage account or a joint brokerage account.
Individual brokerage account: This is the standard account that most people use,
where you open a brokerage account in one name and are the only account owner attached to that account.
Joint brokerage account: This means you will be opening a shared account.
Typically, you’d open a joint brokerage account with your spouse, but one can be opened with your child, other family members, and even business partners.
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