1. Choose broker or brokerage house with whom you’d like to open your account.
2. Fill out their application for the type of account you’d like to open. Most forms consist of general information that you should be able to handle on your own. Once you have your investment advisor person selected, they too may be able to help. Make sure you dont skimp on your answers because you dont want trouble accessing your money later.
3. Make your initial deposit. For Vanguard I mailed a check. You could also wire money or drop cash off if there is a local office.
It’s actually pretty easy. Did you find opening your checking account tough? This is just the same until you decide how to allocate your portfolio. But by the time you are ready to open your account, you should already have this planned out so it should be a matter of just writing your choices down.
