Do I need a brokerage account to invest in ETFs?
Do I need a brokerage account to invest in ETFs?
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Martel · External communityPost link
External question — Personal Finance Stack Exchange
Author: Martel
Original post: https://money.stackexchange.com/questions/115729
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
I want to start investing in ETFs, but this is my first time doing this and I don't know what do I need to do for buying stocks.
I want to buy some ETF that tracks an index such as
S&P
or
FTSE100
, and an ETF that holds blue-chip company bonds, probably from companies that belong to one of the above two indexes.
I want to deposit the hypothetical benefits in a savings account, that I will open with my bank, and which provides some tax relief.
Let's say that my plan is start with £5000 and
reinvest dividends plus a fixed amount of money each month
.
Do I need a brokerage account for doing the above?
remarks:
I have no interests at all in margin operations or in day trading.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Martel Source score (net votes, not local likes): 0 Original post: https://money.stackexchange.com/questions/115729 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I want to start investing in ETFs, but this is my first time doing this and I don't know what do I need to do for buying stocks. I want to buy some ETF that tracks an index such as S&P or FTSE100 , and an ETF that holds blue-chip company bonds, probably from companies that belong to one of the above two indexes. I want to deposit the hypothetical benefits in a savings account, that I will open with my bank, and which provides some tax relief. Let's say that my plan is start with £5000 and reinvest dividends plus a fixed amount of money each month . Do I need a brokerage account for doing the above? remarks: I have no interests at all in margin operations or in day trading.
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