The spectrum of investing

- Just like there's many asset classes…where you can put your money,…which as a pro tip,…asking investors how they diversify across asset classes…is a pretty great way to start a conversation.…There are many ways to get started…in the actual buying process.…One thing that's important to know when you're getting…started with opening investment accounts,…is that there's no one right way to start.…It's up to how comfortable you are…with the different options.…And if you talk to very wealthy people,…a great thing that they can teach you,…is that diversification is key.…

They will have different types of accounts…for different purposes.…For example, they may have an investment banker…that manages family money with the goal of long-term growth,…a retail brokerage to make investments on their own…for shorter-term gains,…an adviser that manages their college funds, and trusts…for future generations,…and a low-cost online advisor to get…their kids started right.…The main types of accounts available are:…wealth management accounts,…