I truly don’t know. And whenever an expert explains it to me, I get lost. There’s just something about the finance realm, where I can’t retain or grasp the full picture. I’m nearly 40 with a family. I want to be more educated in these kind of things. I would love a simplified breakdown.
Thank you in advance.
In: Other
A pretty good resource to learn about all this stuff is [investopedia.com](http://investopedia.com) They have a tab at the top called “academy” that has educational material for beginners.
In brief though, an investment account is more or less like a bank account accept that you can use funds deposited there to purchase investment assets like shares, mutual funds, etc. The account keeps track of all your purchases and sales and is really convenient because they will also prepare tax documents based on your transactions.
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