From the course: Managing Your Personal Investments
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
The spectrum of investing
From the course: Managing Your Personal Investments
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. 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. The main types of accounts available are wealth management accounts, which is for high net worth individuals, traditional financial advisories, retail brokerages, and internet-based low-cost advisors. Each of these come with different fee structures and ways of working, but two concepts to get familiar with are the ideas of custody and discretion. Custody is when your custodian manages your account for you. Whether the custodian has discretion is a big deal. Discretion means that they can buy and sell on your behalf without your…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.