Are you considering investing in the stock market but not sure where to start? A brokerage account is an investment account used to buy and sell securities like stocks, bonds, ETFs, and mutual funds. You know you want to purchase mutual funds to plan for your retirement or another big goal, but don't know where to start? This article will help you discover the best online brokerage account in 2024. Compare fees, investment options, services, and features to find the top brokerage for your needs.
Picking the right assets and aligning your allocation with your goals can be tough. An investing app for portfolio management can make that process easier. A separately managed account, or SMA, is just what it sounds like: a portfolio of securities that's professionally managed separately from your other investments. Investors who want more personalized guidance can consider Fidelity's separately managed accounts, which are available to those who already work with an advisor.
Thanks to advances in technology, asset managers are allowing investors to customize professionally managed investment strategies to their liking. The history of the Fidelity Magellan Fund (ticker: FMAGX) serves as a cautionary tale about the dangers of relying solely on past performance. It's important to do your own research and due diligence when choosing a managed investment account.