A brokerage account is a key part of your financial plan, as investing in markets is one of the best ways to achieve long-term growth. A brokerage account is an arrangement that allows an investor to deposit funds and place investment orders with a licensed brokerage firm. A brokerage account is what investors use to buy stocks, bonds, mutual funds and other investments. A brokerage account sometimes referred to as a securities account, is a type of investment account that a person can open with a brokerage firm. An investor is expected to deposit money into a brokerage account and use available funds to invest in various securities such as stocks, bonds, and mutual funds.
A brokerage account is a taxable investment account that allows individual investors to buy and sell many different kinds of investment securities, such as stocks, bonds, ETFs, and mutual funds. These accounts are available to just about anyone.
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