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In order to purchase stocks or bonds, a brokerage account must be opened with a financial institution or bank. Once an account application is completed and approved and funds deposited into the account, trading of stocks or bonds can easily be done either by phone or the internet. Examples of some of the largest financial institutions in the world that a brokerage account can be opened with are Merrill Lynch, Fidelity Investments and the Vanguard Group.

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