I’m new to investing and trying to understand what is a brokerage account, how it works, and how it’s different from a regular bank or savings account.
An investment account is a brokerage account, which allows you to purchase and sell as well as to hold financial instruments such as stocks, bonds, mutual funds, ETFs, and options. It was opened with a brokerage company and may be traded either on a short-term basis or long-term investment.
A brokerage account is a financial account that allows you to buy, sell, and hold investments such as stocks, bonds, mutual funds, ETFs, and options. It is opened with a brokerage firm and can be used for short-term trading or long-term investing.
