Before opening an investment account, you should evaluate whether this kind of financial service is the most suitable for your risk/return or not. Moreover, liquidity preferences embody your goal. Investment accounts are usually operated with long term objectives. Traditionally, long term is considered to be 7 years or more, but this number should not be the main determinant while choosing whether or not to open an investment account. This bank service is frequently used when a certain event is going to take place in your life, which will require bigger amount of income, such as sending your
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