Opening an Account If you have shopped around a bit and satisfied yourself that one brokerage house is both reputable and pleasant to do business with, you are ready to open an account. This costs you nothing. It is rather like opening a charge account at a department store. The broker simply needs to know who you are and what your credit is, so that he may be sure you can pay for the goods you order. And promptly. Unlike the department store, the brokerage will not send you a monthly bill.

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