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Investing in stocks, bonds, currencies and commodities, while riskier than keeping deposits in a savings account, can be significantly more lucrative. So much so that numerous recent studies by financial institutions have noted that young people could miss out on wealth creation opportunities by refusing to invest in these markets!
Through a brokerage account, you can buy and sell securities and other instruments such as stocks, bonds, funds, currencies and commodities. These accounts are opened through a bank or brokerage and, in most cases, allow the account holder to make investing decisions.
Most accounts require a certain minimum balance to start investing. This generally varies from broker to broker. The account also comes with fees – usually a set annual amount as well as per-trade commissions.
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