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re: Starting a Corp. Brokerage Acct Tips

Posted on 5/9/24 at 10:37 pm to
Posted by HagaDaga
Member since Oct 2020
161 posts
Posted on 5/9/24 at 10:37 pm to
The advise is much appreciated.

I'm definitely trying to do research, but there is so much info out there it gets overwhelming. Thats one of my issues, I tend to do so much research that I keep putting off actually doing what I'm wanting. Why I'm hoping to get into some conversations about it, on a forum like this, as part of my research.

Is there a good simulator to practice with? Fidelity doesn't have that option, so if there is a good one that has a good trading platform to use, once I go live then that would be a good way to practice too.

I don't know much about Options, but figured that once I get the basics down on a trading acct I could start learning more about Options.

I get the point of not worrying about creating a business trading acct, but my CPA said that it would be the best option for me since I have the LLC as the pass thru. I don't totally get it, but figured I would do some small trades this year to get my bearings and then I'll learn about the taxes come next year when I work with him on it.

I'm definitely not looking to do big trades, so hoping I could get more advise on a specific Trading Platforms to work with and difference between doing it thru a personal and business acct.

Thanks again for your tips.
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