Where The Money Reside: 10 Financial Strategies For The New Year
- By
Michelle Farley
Source: JGI/Jamie Grill / Getty
Invest
This is the year to start thinking about buying stocks, bonds, mutual funds, and other investments. If you’re serious about making your money work for you this year, then opening a brokerage account is the first step. How do brokerage accounts work? There are many benefits to having a brokerage account, one being that you don’t need a lot of money to get started. There are brokerage firms that will meet your budget, from low-fee online brokers to full-service stockbrokers. You own the money and investments in your brokerage account. There is no limit to how many you can have or the amount of money you can deposit into a taxable brokerage account each year.
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