How to Create a Wachovia Stock Account
Wachovia offers a range of services for banking, loans, insurance and investing. With so many services offered, it might feel overwhelming to figure out which products work best for you. Some simple steps can help you make the best investment decisions.
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Instructions
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Know what kind of investor you are. Different products work best for different people, and Wachovia offers lots of them. If you have questions about how different accounts work and which would be in your best interests, consult a Wachovia investment banker.
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Decide on your investing account, and apply for it. Some allow you to apply online, such as Wachovia's self-directed brokerage account, education savings and IRA. Some, such as the full-service brokerage, asset management accounts and annuities, require you to talk to an investment advisor. Use the Wachovia/Wells Fargo Financial Advisor Office Locator to find the one closest to you.
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Be careful about your investing decisions. The U.S. Securities and Exchange Commission requires companies that publicly trade stocks to disclose certain financial information so you can make the best decisions about where to invest, and the Financial Industry Regulatory Authority, or FINRA, keeps up-to-date market data, but some investing decisions still are risky. Ask lots of questions about funds' or stocks' past performance, as well as how well your investments can serve you long and short term, before you make your decisions.
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Diversify your investments. Consider lots of options before making choices, and do not leave all of your money in one investment--particularly if it is considered a high risk.
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Consider tax advantages. Some low-yield investments are exempt from federal and state income taxes. See if there are additional benefits to a particular investment in addition to earnings.
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Check your accounts regularly, so you know right away when you need to make changes. Wachovia offers an online management system that lets you see what your investment accounts are doing all the time.
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