Pick an account
Choose and open the account(s) that are right for you. How do you choose? It depends on why you want to invest.
- For retirement, options include a traditional IRA, Roth IRA, rollover IRA.
- For general investing and trading, investing for a big goal (like the down payment on a house), or simply giving your money the potential to grow, consider the Fidelity brokerage account.
- For a child, there are many options, including a 529 (for education) and a Fidelity Youth Account (to get an early start on investing).
If you’re still looking for the right fit, browse all of our account options. Remember that some accounts are more hands-on (where you choose and manage your own investments) and some are managed by professionals.
Funding the accounts
Once your account is open, it’s time to fund it. It’s easy to link your bank account(s) to your Fidelity account(s)—then you can transfer money anytime or set up automatic deposits.
Choose your investments
When your money hits your account, it will be automatically deposited as either cash (in a brokerage account, you might see something like “core position” or FCASH) or in a money market fund (for accounts such as IRAs).
IMPORTANT NEXT STEPS: It’s up to you to choose your investments. Investing is how your money has the potential to grow over time. How do you choose your investments? Give some thought to your desired level of risk, your timeline, and how involved you’d like to be.
Stocks are what many people think of when they think of investing. Deciding what individual stocks to buy (and which to sell, when) is one of the most labor-intensive ways to invest. There is potential for high highs and low lows. You’re basically buying a small stake in a specific company, so it’s important to do your research, understand the risk, and don’t put all your eggs in one basket.
Learn more: 7 investing myths and realities about stocks