What Is A Brokerage Account? - Investment - Nairaland
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| What Is A Brokerage Account? by BigTolulope(m): 2:33pm On May 14 |
A brokerage account is an investment account held at a licensed brokerage firm. An investor deposits funds into their brokerage account, and the brokerage firm transacts orders for investments such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) on their behalf. The assets in investment accounts belong to the investors, who normally must report the income derived from the account on their taxes. |
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