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4) Investing & Asset Growth

Brokerage account setup

In the U.S., you don't build wealth by just working hard, you build it by owning assets that grow while you sleep. For an international student or worker, investing can feel scary because of visa rules and taxes. But the truth is, the U.S. stock market is one of the most powerful wealth machines in the world, and you are allowed to use it.

A Brokerage Account is like a bank account, but instead of holding cash, it holds stocks and bonds.

You want a broker that is friendly to non-citizens. Charles Schwab, Fidelity, and Vanguard are the "Big Three." Some newer apps like Robinhood are easy to use, but the big three offer better long-term tools.
You will need your Social Security Number (SSN) or ITIN, your U.S. address, and your visa details. When the app asks "Are you a U.S. Resident?" They are usually asking for tax purposes. If you've been here less than 5 years, you are a "Non-Resident Alien."

Resources

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