If you need to withdraw money in the account before you’re at least 59 ½, you may have to pay taxes and a penalty in most cases. It provides you with tax breaks, with a catch. Are you aiming to save for retirement? In that case, go with an individual retirement account ( IRA), which is like a personal 401(k). When you’re deciding on a brokerage, you should also consider your investing goals.

To get a head start on which may work best for you, check out Forbes Advisor’s lists of the best brokerages and investment apps. You’ll want a brokerage account with no trading fees and low account minimums. The first step to purchasing any stock is opening a brokerage account, if you don’t have one already. Here’s how to buy NVIDIA stock in five simple steps. Forward-thinking investors may want to include this cutting-edge large-cap stock in their portfolio.

That exciting potential has driven NVIDIA’s strong performance: In 2021, its third-quarter revenue grew 50% year over year, and its stock price rose nearly 127% on the year.

Today, NVIDIA dominates the market for graphics processing units, and in the future it’s products could form the backbone of artificial intelligence (AI) computing applications like self-driving cars. Even if this company’s name is somewhat unfamiliar, chances are you’ve used NVIDIA’s products in a gaming console or a personal computer.

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