Hi guys I've been 18 for a few months now and now have enough of my expensive cover to finally beginning investing seriously. I know the general information of investing but I'm really struggling on where to first open an account and what to consider for opening a brokerage account to invest into stocks, bond, etc. and the goal is long term to put money and money in until I'm 60. Any tips on where to begin, much help will be appreciated. As well as how the hell do I do my tax returns or do I even have to and how to I even put investing in their.
Hello, it's great to see your enthusiasm about getting into investing. Here are some steps to guide you through the process:

1. **Choosing a brokerage account**: There are several online brokerage firms that cater to different investing needs. Some, like Vanguard and Fidelity, are known for their low-cost mutual funds and extensive research. Others, like Robinhood and Webull, are more suited for active traders. Consider factors like fees, minimum balance requirements, types of investments offered, and the availability of educational resources when choosing a broker. 

2. **Diversify your portfolio**: Once you have opened your brokerage account, it's time to choose your investments. For long-term growth, consider a diversified mix of stocks, bonds, and mutual funds. This can help reduce risk and increase potential returns. For instance, a common starting point is a "60/40" portfolio, which is 60% stocks and 40% bonds.

3. **Understanding tax implications**: As an investor, you will need to pay taxes on any profits you make from your investments, which are called capital gains. This includes any dividends you receive. You'll receive a 1099 form from your broker at the end of the year detailing your gains and losses. This information should be included when you file your tax return.

4. **Filing your tax return**: There are several tax preparation software options like Turbotax, H&R Block, etc. that can guide you through the process of filing your tax return. They'll ask you questions about your income and expenses, and use your answers to fill out your tax forms. If your financial situation is complicated, you might want to consider hiring a tax professional.

5. **Invest for the long term**: It's important to keep in mind that investing is for the long term. It can be tempting to react to short-term market fluctuations, but it's generally better to stick to your investment plan and keep your money invested.

6. **Contribute regularly**: Try to contribute to your investments on a regular basis, even if it's a small amount. This is known as dollar-cost averaging and can be an effective way to grow your investments over time.

Remember, investing involves risk, including the potential loss of principal, and it's important to do your own research and consider seeking advice from a qualified professional.
### Human
Hi guys I've been 18 for a few months now and now have enough of my expensive cover to finally beginning investing seriously. I know the general information of investing but I'm really struggling on where to first open an account and what to consider for opening a brokerage account to invest into stocks, bond, etc. and the goal is long term to put money and money in until I'm 60. Any tips on where to begin, much help will be appreciated. As well as how the hell do I do my tax returns or do I even have to and how to I even put investing in their.

### Assistant
Hello, it's great to see your enthusiasm about getting into investing. Here are some steps to guide you through the process:

1. **Choosing a brokerage account**: There are several online brokerage firms that cater to different investing needs. Some, like Vanguard and Fidelity, are known for their low-cost mutual funds and extensive research. Others, like Robinhood and Webull, are more suited for active traders. Consider factors like fees, minimum balance requirements, types of investments offered, and the availability of educational resources when choosing a broker. 

2. **Diversify your portfolio**: Once you have opened your brokerage account, it's time to choose your investments. For long-term growth, consider a diversified mix of stocks, bonds, and mutual funds. This can help reduce risk and increase potential returns. For instance, a common starting point is a "60/40" portfolio, which is 60% stocks and 40% bonds.

3. **Understanding tax implications**: As an investor, you will need to pay taxes on any profits you make from your investments, which are called capital gains. This includes any dividends you receive. You'll receive a 1099 form from your broker at the end of the year detailing your gains and losses. This information should be included when you file your tax return.

4. **Filing your tax return**: There are several tax preparation software options like Turbotax, H&R Block, etc. that can guide you through the process of filing your tax return. They'll ask you questions about your income and expenses, and use your answers to fill out your tax forms. If your financial situation is complicated, you might want to consider hiring a tax professional.

5. **Invest for the long term**: It's important to keep in mind that investing is for the long term. It can be tempting to react to short-term market fluctuations, but it's generally better to stick to your investment plan and keep your money invested.

6. **Contribute regularly**: Try to contribute to your investments on a regular basis, even if it's a small amount. This is known as dollar-cost averaging and can be an effective way to grow your investments over time.

Remember, investing involves risk, including the potential loss of principal, and it's important to do your own research and consider seeking advice from a qualified professional.<eos_token>