This is not good advice Even the most bullish mainstream investment advisors still say you should have enough money in an FDIC-insured bank account to constitute an "emergency fund" before you put one penny in stocks, which are a fundamentally risky investment
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Also it's still unclear how a homeless person cold set up a bank account -- or any account at a financial institution -- absent a permanent address.
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At a minimum the broker needs to know where to send the 1099.
End of conversation
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