How To Start Investing Your Money 1- Open a brokerage account A brokerage account is essential an account that allows you to buy stocks from any publicly traded companies. You could usually fill out an application online through your bank. The best type of account for students is a TFSA (tax free savings account). This account allows all your capital gains to be tax free. What is your contribution room? The government, essentially, allows you to contribute a certain amount of money into your ...