Today on the Finance Flash Go! podcast, we’re talking all about what an investment brokerage is!
A brokerage is a company that serves as an intermediary for you to purchase investment products like mutual funds, stocks, bonds, and/or REITs among other products.
You can open a variety of accounts within a single brokerage. For instance, you can open a Roth IRA and a taxable investment account with Vanguard.
You will also use a brokerage to invest your employee retirement savings if you have such an account. In this case, your employer would select your brokerage.
The key things to determine when you are selecting a brokerage are the investment products and funds available to you and the expense ratios that they charge you.
You should seek a brokerage with a wide selection of index funds.
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