Part 4/9:
Opening a brokerage account is the gateway to investing in stocks and funds. Thankfully, this process has become incredibly straightforward. According to Trogdon, it often takes roughly 15 minutes to set up an account online with most brokerages.
Key Requirements for Account Setup Include:
Bank account information: To facilitate funding your brokerage account.
Social Security number: For identification purposes.
Driver's license or state ID: To establish your identity.
Different brokerage options like TD Ameritrade, Robinhood, and Stockpile were introduced during the discussion. Stockpile stands out with its fractional shares feature, allowing investors to buy parts of stocks for as little as $5.