How to use a brokerage account? Where to begin? If you’ve opened a brokerage account, but don’t know what to do next, here are some tips.
Today, we will tell you how to avoid the most common mistakes of novice investors, how to protect money from inflation and build your first diversified portfolio. Many people also use online trading apps to earn money via currency rate fluctuation. If you want to use currency trading platforms like Binance, you can go to bitcoinxxo.com to get a considerable profit.
Tips for Trading Via Brokerage Account
Diversify
That is, do not invest all your money in just one asset, but spread it across several instruments. You can find different types of securities in the “What to buy” section in the Tinkoff Investments application and on the “Catalog” tab in the “Investments” section in your personal account at tinkoff.ru. Our robot advisor will also help you collect a diversified portfolio. How the robot advisor from Tinkoff Investments works
Buy stocks of funds
Instead of buying individual stocks, you can get stocks of funds. This is one of the easiest investments for a novice investor. Fund managers have extensive experience working on the stock exchange, they themselves select and buy securities according to the stated strategy.
For example, Tinkoff Capital funds follow the “Eternal Portfolio” – a strategy based on a portfolio with equal shares of different types of assets that should generate income regardless of the current state of the financial markets. Stocks rise in value during periods of economic growth, bonds – during economic stagnation, the currency stabilizes the portfolio during unrest, and gold protects against inflation and even rises in price during crises. Buy units of Tinkoff Capital funds
What can you buy with a brokerage account?
On a brokerage account, you can buy everything that is in the Tinkoff Investments catalog:
Eight world currencies
Euros, American and Hong Kong dollars, British pounds, Swiss francs, Japanese yens, Chinese yuan and Turkish lira;
Shares and bonds of Russian companies – on the Moscow Exchange;
Exchange-traded funds – ETF and BPIF;
Eurobonds of Russian companies traded in dollars or euros – on the Moscow and St. Petersburg stock exchanges;
Shares of foreign companies from foreign stock exchanges NYSE, NASDAQ and LSE – on the St. Petersburg Stock Exchange.
If you are interested in other securities – for example, shares of Brazilian companies or American Vanguard funds, switch to the “Premium” tariff: with it you can get the status of a qualified investor and trade securities from all over the world.
Stock exchange quotes are constantly changing, at what price will I buy?
Before buying or selling assets on the exchange, you will need to log in to the Tinkoff Investments application or to your personal account – so you will see the most current price. Without authorization, the price is displayed with a 15-minute delay, so it may differ from other sources, such as Google Finance or investing.com.
After authorization, on the page of a security or currency, its market value will be indicated – but 0.3% higher than in the catalog. This is necessary in order not to cancel the deal even with the smallest fluctuations: on the exchange, the price of assets can change very quickly, even within a few seconds. If the price of the securities you have selected remains the same or decreases, we will deduct from your account the amount less than what was shown on the purchase page.
