Should You Open a Brokerage Account if You Don't Understand Stocks?

Should You Open a Brokerage Account if You Don't Understand Stocks?

Most people associate discount online brokers with investing in equities. After all, many brokerage firms let you buy stock in thousands of different publicly traded companies -- and they advertise that you can do so without paying a commission in most cases. The good news is, you do not need to understand how to buy stock shares in individual companies if you want to invest -- and you can open a brokerage account and make money even if you never buy a single share of a particular business.