Me and a friend want to start a small trading company. We want to invest 50 dollars of our money (per person) into a stock from Radio shack, Target, Walmart, or Burger king. How do we directly invest a stock into one of those companies.
2006-12-20 07:13:07 · 5 answers · asked by Lil bro 2 in Business & Finance ➔ Investing
You need to 1st open an online account. i use www.Ameritrade.com. it cost $13 to buy a stock and $13 to sell a stock so if you only have say... $100, you will be spending 13% just to buy it. I would wait until you had more money. You have to be 18 to open an online account. If your not 18, you could ask your parents to invest it for you. There are some cheaper online trading companies (try scottrade.com) I think that might only be 9 for a buy and 9 to sell. Good luck. You can never invest too early.
2006-12-20 07:24:06 · answer #1 · answered by JohnT 2 · 1⤊ 0⤋
open an account at an online brokerage such as e-trade, TD Ameritrade, Scott trade.. etc.
Open the account, transfer in your money, and buy the stock. Honestly, 100 dollars isn't worth it. Those places charge you 8-12 dollars per trade and usually have an "inactivity" fee if you don't trade regularly. There will also be small monthly or annual fees.. your 100 dollars will be eaten up in no time.
Why did you choose these companies? There are stronger stocks that you could have picked if you are looking to make money.
Also keep in mind that you can't buy some portion of a share.. If the stock price is 53 dollars per share and you and your friend only have 100 dollars. you can't buy 1.75 shares of stock.. you can only buy stock in whole number increments.. so to buy two shares of stock that is worth 53 per share you need not only 106 dollars but also the 8-12 dollar trade fee.
2006-12-20 15:24:25 · answer #2 · answered by Louis G 6 · 1⤊ 0⤋
You can go to www.betterinvesting.org to figure out how to start an investing club and invest together. You can go to www.dripinvestor.com or www.moneypaper.com to find stocks where you can buy just one share and then buy the rest without commission directly from the company.
If you like those stocks, you should check out Exxon, too. You have to put in $250 to start, but they really seem to do well as a company.
2006-12-21 02:03:38 · answer #3 · answered by Katherine W 7 · 1⤊ 0⤋
Dude, he is a simple step by step towards becoming financial guru.
hile this subject may seem trivial to most experienced investors, I often hear people asking what they need to do in order to start trading stocks. If you are new to the stock market or are just wondering how to get started, here is what you will need to do:
1. The first thing you need is a brokerage account. Brokerage account comes in two forms, a full service or discount brokerage. The full service brokerage will charge you more for their services. These large brokerages are companies such as Citigroup/Smith Barney and Merrill Lynch of the world. Again, the full service brokerage provides more services so they will charge you more.
http://ibooyah.com/blog-mt/mt-search.fcgi?IncludeBlogs=1&search=getting+started
2006-12-20 17:01:23 · answer #4 · answered by Anonymous · 1⤊ 0⤋
You contact the company directly and see if they are a company that has a "direct stock purchase plan". If they do then you can buy directly from them without a broker. I happen to know "walmart is definitely one of those companies...
Search "direct stock purchase plans" here on the web for more company names such as: FORD, XCEL ENERGY, LOCKHEED MARTIN, MDU, TEXAS UTILITIES, HEINZ, DUKE ENERGY, and so on ....
Happy investing!!! Damn its fun making money at this!!
: )
2006-12-20 18:46:31 · answer #5 · answered by Kitty 6 · 1⤊ 0⤋