An investment account that increases from $3,000 to $3,271 in one year is earning approximately
9 $3,271 - 3,000 = $271;
$271/$3,000
= .09 (× 100)
= 9% percent annual interest.
What exactly is a investment/brokerage account?
Cash and assets (stocks, bonds, ETFs, mutual funds, etc.) that you buy and sell to reach your financial objectives are kept in an investment account. Trading accounts for individuals are administered by dealers and their designated registered investment advisors.
What sort of account would you use for investments?
Cash Management
When you consider investing, a cash account is likely the type of account that comes to mind. You fund a cash brokerage account by making a deposit, and you then utilize the money to purchase securities.
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