How do you buy stocks?

Question

I m 18 and i want to buy the stock SIRI which is Sirus Satilite. I have never bought a sotck before. What is the cheapest way to buy this stock. I want to know the fees that I will be charged and if they will get % of the profit.

I dont want to spend more than $500. What would this total cost be. I dont understand what a lot of theses websites say.

I dont want to spend more than $500. What would this total cost be. I dont understand what a lot of theses websites say.

Answer 1

Your question reveals the fact that you are a complete newbie with very weak basic, fundamental knowledge in the stock markets and is about to do something you might regret for a very long time.

Investing or trading the stock markets never start from asking how to buy a certain stock (lets not even get into why you want to buy SIRI in the first place because you won't be able to answer why either.)... it starts from adequate investment and trading knowledge. There are quite a number of things you need to learn before you can even start thinking of the stock markets ...

1. You need to understand how the stock market works and what it is exactly about.

2. You need to know what are the different styles of trading in stocks and shares.

3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.

For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm

After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://www.worden.com )

All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.

If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/

Remember, the slogan "Just Do It", Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?

After you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :

1. Why are you of the opinion that this stock will rise?

2. Is your opinion valid in the first place?

3. When are you expecting it to rise? Can you hold on for that period of time or longer?

4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?

5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?

6. Where is your expected profit taking point? What is your profit taking point based on?

7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?

8. How much of your money should you dedicate to this one trade?

9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?

10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?

After you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.

Then.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.


So, as you can see, success in the stock markets is not easy at all the the less knowledge you have, the more risk you undertake. I lost hundreds of thousands in the stock markets before I become successful.

Take heed and good luck.




http://www.mastersoequity.com





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Answer 2

Go to my website and click on the "Investments" icon. Good luck!

You don't have spend more than $500. All you have to do is fill out their application to open an account and send them a check for $500. $500 is the minimum investment - meaning that you don't have to spend more than $500. Trades are $7 to buy and sell. Once when you open up an account, the company will send you instructions on how to trade (and everything else you need to know). Good luck!

Answer 3

Buy Stocks
Stocks: Are those the share of the partnership brought in by someone in the company.
- Let's say,..., example that a company's own capital is equal to 100 million riyals, divided into equal shares, each of which SR 100, it means that the total number of shares issued by the company equal to 1,000,000 distributed to shareholders according to the agreed quotas.

Source(s)
http://www.ebuystocks.com/2014/02/buy-stocks.html

Answer 4

It's easy! Just go to the clothing store and they have all sizes and colors and fabrics. Get some with good elastic so they stay up. Even the supermarkets have socks nowadays. Remember to change your socks everyday so they don't get stinky. Wait, did you say "stocks"? Never mind!

Answer 5

with money of course