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The Best Investment Accounts for Beginners

 
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A guide to the top investment accounts for new investors.

description: a person using a smartphone with an investment app open, looking at stock prices and graphs. the background is a blurred cityscape, indicating a busy and modern lifestyle.

If you're new to investing, the best investment apps should offer low fees and access to the types of accounts and investment products you are interested in. For new investors, getting started can feel overwhelming. Our listing of the best brokerages for beginners makes choosing easy. A brokerage account is an investment account used to buy and sell securities like stocks, bonds, ETFs, and mutual funds. The best trading platforms for beginners have low fees, easy-to-use interfaces and attainable minimums. See our best brokerage accounts for beginners.

If you're dipping your toe into investing, most top online brokerages have online programs and mobile apps to get you started. High-yield savings accounts can be one of the simplest ways to boost the return on your money above what you're earning in a typical checking account. Ally is one of the best investment apps out there. You can choose self-directed trading, with no account minimum and commission-free trading for many stocks.

Online brokerages allow individuals to buy, sell, and share assets via an app or browser – here's a look at how they work, and some of the best options available. There are four simple steps to start investing in 2024: Choose an investment account, set a budget, decide on an investment strategy, and begin investing.

Labels:
investment accountsbeginnersbrokeragestrading platformsonline brokerageshigh-yield savings accountsallyself-directed tradingcommission-free tradingassetsinvestment strategy
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