How to Access Investment Accounts

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After an investment account is open, an individual can manually deposit money with a broker, or they can access their account online. Find out why it's important to only access an account to add new money with help from a registered financial consultant in this free video on investing and money management.

Part of the Video Series: Investment Basics
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Video Transcript

This is financial adviser Patrick Munro talking about how to access investment accounts. Once an investment account is set up, an individual can either manually come down to a broker-dealer and give them dollars to deposit by way of cash or check into their investment. But more often than not, people are using online as a way to invest. And what they're able to do is open up an account online with their debit card or whatever the case may be to get the money set up. And then, of course, they can take money out the same way through the account and doing it entirely on an online basis. These are different ways to access your investment account and more often than not, though, it's important not to access the investment account except to add new money to invest going forward. You know, you won't have much of an investment account if you continually access it for personal expenses. It should be primarily as money being put into the investment account as opposed to being taken out. This is financial adviser Patrick Munro talking about how to access investment accounts.

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