If you’re investing for a goal other than retirement and looking to take a more hands-on approach to building your portfolio, a brokerage account is the place to start.
If you’re investing for a goal other than retirement and looking to take a more hands-on approach to building your portfolio, a brokerage account is the place to start. Brokerage accounts give you the ability to buy and sell stocks, mutual funds, and exchange-traded funds (ETFs). They offer a lot of flexibility, as there’s no income limit or cap on how much you can invest and no rules about when you can withdraw the funds. The drawback is that you do not have the same tax advantages as retirement accounts.