In less than 5 minutes you can open a brokerage account. A brokerage account can be used to trade stocks, bonds, index funds, or mutual funds. Opening a brokerage account with Fidelity could be a great place for you to park money that you won't need for 3 years or more. Keeping it invested can make you a lot more interest than if it was in a savings account at your bank. Think about saving up for a car, down payment on a house, college tuition... a brokerage account is great for that. You can also use it as a "bridge account"- to bridge the gap between early retirement and age 59.5 when you're eligible to withdraw from your IRA and 401k. See video link below for more on that.

This video is a step by step tutorial on exactly how to open a brokerage account with fidelity. You can follow along on your computer. Opening a brokerage account with fidelity takes about 5 minutes and maybe another 5 minutes to set up a bank transfer. Then you can start trading! There are other great platforms out there such as Vanguard, Charles Schwab, Etrade, etc., where you can open up a brokerage account if you feel more comfortable with those companies. They are pretty much all equal.

This video also covers how taxes work when it comes to your brokerage account. The tax advantages are not as good as your 401k or IRA for example, but if you do it right there is still tax savings to be had. Any money you contribute to your brokerage account has already been taxed (mostly likely taxes withheld on your paycheck). So you will never owe money on your own contributions because you already paid taxes on that money. But you will owe taxes on any profits (gains) that you make. If a stock goes up and you make money on it, when you sell that stock you owe taxes on the profit. Owning a stock for less than 1 year means the profits will be subject to your regular income tax rate. But if you own the stock for more than 1 year you are only subject to "Long Term Capital Gains Tax", which is a benefit. It's always going to be a lower tax rate than your income tax rate. For most people long term capital gains tax will save you 10%-15%!

🎥 *Watch* How to Transfer Money Into Fidelity Account ➡️ [ Ссылка ]
🎥*Watch* What is a Bridge Account (How to Retire Early) ➡️ [ Ссылка ]

🎒FINANCIAL BOOKS I HIGHLY RECOMMEND:
1. Rich Dad Poor Dad: What the Rich teach their kids about money that the poor and middle class do not. [ Ссылка ]
2. Everyday Millionaires: How Ordinary People Built Extraordinary Wealth. [ Ссылка ]
3. The 4-Hour Workweek: Escape 9-5, Live Anywhere, And Join the New Rich. [ Ссылка ]

This video is not sponsored. Some product links are affiliate links which means if you buy something I may receive a small commission at no extra cost to you.

🙋‍♂️1 on 1 Sessions Available @ [ Ссылка ]

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00:00 Intro
00:19 How to Open a Brokerage Account
02:16 Add a Beneficiary
03:48 Brokerage Account & Taxes
05:52 Uses for a Brokerage Account

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