Rule #1 Finance Blog

With Investor Phil Town

Preparing For Your First Investment: How to Choose a Brokerage Account

[INFOGRAPHIC] What You Need to Know About Opening a Brokerage Account

In order to buy and sell stocks, you’ll need a brokerage account. This account allows a broker to sell and purchase, on your behalf, to other people willing to give or take the same stock. Choosing a brokerage account can seem confusing because you have a lot of options. Let’s take a look at these options.

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View the full size how to open a brokerage account infographic here.

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Do You Have Enough Money to Start Investing?

In most cases, you can invest with $500. What’s more important is to make sure you completely understand the company you are investing in. Rule #1 can help you find stocks that match YOUR values so that you can make an impact on this world while making great returns at the same time.

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Phil Town is an investment advisor, hedge fund manager, 3x NY Times best-selling author, ex-Grand Canyon river guide and a former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence. You can follow him on google+, facebook, and twitter.