Which of the following accounts allows an individual to manage their investments actively?

A brokerage account is designed specifically for individuals who wish to actively manage their investments. This type of account provides access to a wide range of investment options, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). With a brokerage account, investors can buy and sell securities at their discretion and take advantage of market opportunities, enabling more hands-on management of their investment portfolios. This account type often includes features like research tools, market data, and trading platforms that empower users to make informed investment decisions.

In contrast, retirement funds generally have restrictions on access and are intended for long-term growth without active trading. Savings accounts are typically used for holding cash and earning interest, focusing on liquidity rather than investment management. Checking accounts are designed for everyday transactions, such as bill payments and deposits, without any investment management capabilities. Therefore, a brokerage account stands out as the optimal choice for active investment management.