Once you find a stock and a broker, how do you pay for that stock, and if you make money from the stock, how and when do you recieve your money?
2006-08-19 14:53:36 · 4 answers · asked by TNA Ambassador 6 in Business & Finance ➔ Investing
Once your account with the broker is opened, you have to make a deposit or a transfer to be able to buy stocks. Then, when you sell the stocks (making a profit or not) you may leave the money in your account with the broker (perhaps to buy more stocks later) or order him to transer it to your bank account, or to make you a check, or even to give you the cash.
2006-08-19 16:27:54 · answer #1 · answered by Lisandro V 4 · 0⤊ 0⤋
When you open an account with the stockbroker, you can deposit money into that account. If you wish to buy stock you deposit money in the account before the settlement date. If you are selling the stock the money will be put into the account after the stock has sold.
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2006-08-20 03:29:03 · answer #2 · answered by ulchka 3 · 0⤊ 0⤋
you'll set up an account with your broker... if you make a profit at the time you sell your stock, then the profit will show up in your account.
you should also get a statement on a regular basis, similar to a bank statement. also, if you buy and sell, it may have some tax implications. you'll get more paperwork....
2006-08-19 22:03:15 · answer #3 · answered by more than a hat rack 4 · 0⤊ 0⤋
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2006-08-19 22:13:19 · answer #4 · answered by Anonymous · 0⤊ 1⤋