If you have a lot to invest and want to distance yourself from the process, hire a broker (lots of retail brokers would love to have you, just google "full service broker". This is the most expensive and probably worst way to go.
If you want low commissions and to pick your own stocks, set up an account at a discount brokerage. Charles Schwab, E-trade, Ameritrate and a dozen more are all pretty much the same with some variance in services and fees.
You can also (and this is my favorite) buy stocks directly from the companies or through their bankers. Here are some sources to find direct purchase programs (most have minimum purchases around $250-$500, but many will waive the upfront fee if you commit to a series of $50 monthly purchases).
ADRs (foreign stocks):
http://www.adr.com/ (go to investor services, then direct purchase, then participating companies)
http://www.bnyadr.com/howtobuy_globalbuydirect.jsp (click on the big link in the middle where it says "For a complet listing of companies...click here"
http://www.melloninvestor.com/newmisweb/investors/investment.asp
(again, link to plans in the middle of the page)
Buying direct does three things:
1) Cuts out the middle man (mostly) thus reducing fees
2) reinvests dividends, thereby enhancing longer term returns
3) impairs liquidity (selling involves filling out forms, not clicking a mouse), making it less likely that you will churn (trade excessively) and reduce your returns through the dumb ways most individual investors do (sell too quickly, trade too frequently)
2006-07-18 17:28:50
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answer #1
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answered by pluralist 2
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If you wish to buy shares of stocks in a single company, there are 3 major ways that I am aware of.
1. Through a broker. A broker can be a person(s) such as Merryl Lynch or Charles Schwab for example. These places typically offer you advice on how to maximize your return and safety in your investments.
A broker can also be a non-person, like online brokerage firms for example. You submit your order, and they buy it for you. They may offer some reports as to what to buy, but they typically do not provide much "real-time, person to person" advice.
The online websites are typically much cheaper to puchase stocks. They charge you around $10 a trade (give or take). A live person at a brokerage house may charge you a flat fee or a percentage of the money you plan to invest.
2. Purchase through your bank. This is essentially the same as purchasing through a live broker. Once again, fees will vary.
3. Through the company itself. Some companies will sell small amounts of shares to individuals. Most companies that do this have a minimum you must invest. Most are over $1,000.
You can purchase stocks through a mutual fund. Also, many employers will let you purchase stocks in the company through an employee stock sharing plan (usually at a discount). Retirement plans such as a 401K are a possibility. Some mutual fund accounts will let you purchase shares of stock for a fee.
2006-07-18 17:07:54
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answer #2
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answered by Slider728 6
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Not through the bank. What you need to do is open what is called a "brokerage account" with a major national broker, such as ScotTrade ( http://www.scottrade.com/ ). Then you need to put money in there, usually by a wire transfer of money directly into the account. And yes, you can do it from overseas and there are instructions on the site...
After that, you can trade any stock, option (if you are allowed...) or future contract that they have on the site. I suggest you stick with trading simple stocks until you get the hang of it, then start trading stock options. That is the best way to make money,especially in these markets. Contact them today.
Best of luck to you!
2006-07-18 17:02:32
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answer #3
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answered by Anonymous
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Despite their volatility, trading penny stocks can be extremely lucrative. Here are three ways that you can profit from investing in penny stocks https://tr.im/9nCmB
The good news about penny stocks is that you can buy a good amount of shares without going broke. It’s thus easier to get a good stake in a company for less than you would pay for stock of a larger organization. To find a company that you feel confident investing in, make sure to do your research. Don’t just choose a company because you saw an article about it, or because your friend is investing in it.
2016-02-15 16:18:46
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answer #4
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answered by Anonymous
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In binary options you will have the possibility to predict the movement of various assets such as stocks, currency pairs, commodities and indices. Learn how you can make money trading binary options https://tr.im/TroUR
An option has only two outcomes (hence the name “binary” options). This is because the value of an asset can only go up or down during a given time frame. Your task will be to predict if the value of an asset with either go up or down during a certain amount of time.
2016-05-01 04:08:04
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answer #5
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answered by Anonymous
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you find a stock broker to help you
2006-07-18 17:00:26
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answer #6
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answered by durb1215 5
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