Say I pick up the newspaper and see Kraft is $25 per share and i want to purchase 2 shares, equalling $50. me having, no stock market history, how do i go on to buying those shares?
again, I am jus reading the paper and have no stock relationships, i just want to know how to go on to buying these shares.
2006-09-06 04:48:05 · 5 answers · asked by Arif R 1 in Business & Finance ➔ Investing
I think most of the above answers missed the whole "hypothetical" part of the question. The asker probably isn't really asking about how to invest $50, they're asking just about "getting into the stock market."
Basically, the easiest way to invest in individual stocks is via a broker. There are hundreds of brokers around, all offering varying degrees (with associated costs) of help. There are some strictly electronic brokerages, like eTrade, sharebuilder, etc. Some have offices where you can go in and see someone, like Scottrade, Schwab, Constantly.
All of these have different costs associated, and you'll have to decide which one is the best fit for your level of investing. If you're going to go it alone and make all your own decisions about what, when and how much to invest, then an online brokerage might be best. If you have no idea what to invest in or even how to begin choosing, probably a more "traditional" or full-service brokerage is appropriate, although it'll cost more.
Each brokerage has their own requirements about how much you must invest and the like, but that goes back to choosing one that's appropriate for you.
Begin your search for which brokerage you want via Yahoo!Finance.
2006-09-06 06:34:14 · answer #1 · answered by sjoschko 3 · 1⤊ 0⤋
There are three problems with this.
1. Most brakerages require a minimum amount to be invested.
2. Shares trade in lots of 10 or 100 usually.
3. There is always a per-trade fee ($10 is a typical fee) which for you is a huge percentage. Kraft would have to go up 80% to start making a profit.
2006-09-06 11:56:43 · answer #2 · answered by DK 2 · 0⤊ 0⤋
You need to discuss this with a broker, or an on-line investor. Just don't tell them, at first, you only want to invest a few bucks. Their job is to explain the process and what might be available to you as an investor. There are still such a thing called "penny" stocks.
2006-09-06 11:55:38 · answer #3 · answered by ? 6 · 0⤊ 0⤋
I would suggest opening an account with Sharebuilder. There is no account minimum, and no minimum on the number of shares traded. Commissions are only $4.
2006-09-06 12:41:12 · answer #4 · answered by howardrourke 3 · 0⤊ 0⤋
Open a online brokerage account. Go to Yahoo Finance and they will have advertisements.
You may want to try lqmt.ob. Liquidmetals technology.
2006-09-06 11:54:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋