Sometimes you can buy stock directly from the company and pay no commission whatsoever.
You can go to a full service broker (and pay a lot! And you are last on their list for honest advice unless you are very rich indeed).
You can go to a discount broker and pay a couple of bux per trade (which is what I do with "Scottrade" --they are excellent).
If you buy stocks other than the company you work for, think hard about subscribing to "Investors Business Daily" and reading "The Only Investing Guide You'll Ever Need."
2006-07-10 12:45:43
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answer #1
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answered by urbancoyote 7
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there are a couple ways. the most common is to open a brokerage account either online with e*trade or some other one, or go to an actual brokerage firm like Morgan Stanley. Once your account is opened and funded, meaning you put some money in it, you can buy and sell (online in the case of the online brokerage or by calling your broker in the case of the "bricks and mortar" brokerage). The other way is to find out if the company sells its stock directly to investors, in which case you can open an account directly with the company and buy their stock. In this case, however you can only buy that company's stock.
2006-07-10 12:47:01
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answer #2
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answered by Chris 2
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Some companies (such as Bob Evans Farms and CenterPoint Energy, BOBE and CNP) will sell directly to you and either maintain your account for reinvestment of the dividends or so you don't have to worry about locking away stock certificates (say in a saftey deposit box or whatever), or they will send you the certificates for you to keep until whenever you want to sell. You have to request a prospectus before they can sell you stock. E-mail me and I can send you their addresses.
Also, just about every community has a stockbrokerage firm or two. You can buy from them the two stocks above or stocks from just about any other company. I prefer such investment firms to the online brokerage firms, but that is simply my preference (because it is more convenient to also set up mutual funds and other retirement funds through such firms).
Choose wisely (do your research) and then buy.
2006-07-10 12:57:14
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answer #3
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answered by The Invisible Man 6
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First examine your situation. Maybe a mutual fund would suit your needs. Stock buying takes time and effort if you really want to be successful.
2006-07-10 12:45:57
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answer #4
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answered by buzzman_hst 2
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Risky stuff if you don't know what's going on. Get educated and learn how to follow the market and track your interests first. Don't put money into stock that you can't afford to loose.
2006-07-10 12:48:24
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answer #5
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answered by normy in garden city 6
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open a brokerage account with a a firm such as etrade, put money in your account, and enter a buy order.
2006-07-10 12:42:17
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answer #6
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answered by Homer J. Simpson 6
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Just go to your towns coin shop and tell em you want to buy some gold, bury it in your back yard and wait until its headline news, dig it up and take it back to the coin shop and sell it to him....
2006-07-10 13:04:42
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answer #7
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answered by -* 4
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you must register for stock first.
2006-07-10 12:42:28
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answer #8
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answered by Danny B 1
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Get money.
2006-07-10 12:42:43
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answer #9
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answered by Anonymous
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