About USAA Stock Trading Accounts

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USAA is a company like eTrade, and accounts can be opened with this company with which the company will invest money on the behalf of the person who opened the account. Discover how to check returns on a USAA stock trading account with help from a licensed financial planner in this free video on the stock market and investing.

Part of the Video Series: Stock Market
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Video Transcript

My name is Bill Rae. I'm with Alumni Financial Services. I've been in the business in the finance world for well over 20 years and the question today is about USAA stock trading accounts. Well USAA is a company very much like eTrade, Schwab, those type of people. An account with them simply is a place or an account that you would open. In other words you're going to give them money if you will and they're going to invest it on your behalf and I'm not here to give you investment advice obviously today, you need to sit down and do your homework and talk with a licensed individual. However, USAA trading accounts or stock option accounts or any type of accounts simply is just like a checking account or a savings account, if you'll think of it that way. It's an account that you put money into, that you can track how much money you have in, am I getting a return on my money, am I losing, it's all available to you. USAA trading account is just like any other account with the company USAA. Again our advice always make sure you seek outside counsel. Make sure that you understand whatever agreement or contract you're signing. Make sure you understand the risks, the amount of income or amount of money expected from you, when you can expect your money back and generally what type of returns to expect on your money. Investing is the act of committing your money with the expectation of getting an extra income from it. Do understand it carries risks but it also brings rewards. My name is Bill Rae, I'm with Alumni Financial Services and as always, we're here to help you build wealth.

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