#49: The Finance Flash Go Podcast | Important Topics About Money | What is an Investment Brokerage?

Today on the Finance Flash Go! podcast, it’s all about investment brokerages! A brokerage is a company that serves as an intermediary for you to purchase investment products like mutual funds, stocks, bonds, and/or REITs among other products. You can open a variety of accounts within a single brokerage. For instance, you can open a Roth IRA and a taxable investment account with Vanguard. You will also use a brokerage to invest your employee retirement savings if you have such an account. In this case, your employer would select your brokerage. The key things to determine when you are selecting a brokerage are the investment products and funds available to you and the expense ratios that they charge you. You should seek a brokerage with a wide selection of index funds and very low (<0.1%) expense ratios. This is why I like Vanguard the best. Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice. A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions. We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!