If you are a student or working on H1B visa, you can invest in mutual funds, stocks, bonds and ETFs. Your legal status for this purpose is termed as Resident Alien.
The most flexible options, I found are with Charles Schwab. They have no fees for any saving/checking accounts and free checks. You can invest in selected funds with no entry load. Vanguard also have funds with low operating expenses.
Tip- Small amount invested in mutual funds each month can reward you handsome gains due to averaging over a year. However keep your investment diverse in bonds and mutual funds. Look for the past performance of the funds as well as the companies in the portfolio.
Retirement Planning
If you intend to immigrate to USA, you can also open a Roth IRA account. With this account savings and gains are tax free when you withdraw. Inside ROTH account, you can select options for fund allocation into bonds, mutual funds and stocks. Starting early is always a better option for retirement savings.
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