I work at Spartan Custom Chassis's and would like to purchase their stock's
2007-01-02 08:11:36 · 7 answers · asked by deanuzzle 1 in Business & Finance ➔ Investing
Go to HR and ask about employee stock options, if they're offered you get a discount. Otherwise try etrade.com or some other reputable and similar site.
2007-01-02 08:13:41 · answer #1 · answered by Bored Enough To Be Here 6 · 0⤊ 1⤋
That is a loaded question. Anyone can open a trading account. I suggest you open one up at an online broker like Scottrade.com or Tradeking.com. These brokers let you open an account with as little as $500. You are free to do as you will with your money. You can withdraw anytime you want to.
Now as long as being able to buy shares in Spartan, find out from your management if the company is even public. Private firms do not have shares.
I suggest you go to finance.yahoo.com and do a little investing 101 or stocks 101 reading. You will learn a lot and eventually you will be making money from the market with some experience.
2007-01-02 08:17:25 · answer #2 · answered by WallStreetWannaBe 2 · 0⤊ 1⤋
Some companies have stock ownership programs for employees (ESOPs) and you have to ask your employer about that. I remember, looong ago that I could buy Wal-Mart at a discount on payroll deduction, but at $1.60 an hour, and they kept shorting me hours, who could afford the $5 or $6 per share price at the time? I was much more happy at Phillips Petroleum a little later when I got to max out on the ESOP and the company gave 50 percent matching up to a small percentage of my total wage. So check with your boss, but considering the name there is a chance they are too small a company for things like that.
Oh yeah, while I felt confident maxing out on company stock when I was at Phillips (ConocoPhillips today), imagine if I did that with Enron or some soon to be defunct airline? Don't put all your retirement eggs in the company basket, okay?
2007-01-02 09:01:29 · answer #3 · answered by Rabbit 7 · 0⤊ 0⤋
Dean you will need to contact the company directly to see if they offer the stock directly to the public/employees... If not you will need to see if they are traded on any exchange NYSE etc... You may need to have a broker make this purchase for you which may not be cost effective...
2007-01-02 08:22:43 · answer #4 · answered by Greg D 1 · 1⤊ 0⤋
there are websites like www.etrade.com or www.fidelity.com, but they require big initial deposits (I think at least $5000, but I am not sure). They don't however, charge broker fees, just minimal trade fees.
2007-01-02 08:16:22 · answer #5 · answered by gengidashiell 3 · 0⤊ 1⤋
I bought this book and learned alot from it:
http://www.amazon.com/Buying-Stocks-Without-Charles-Carlson/dp/007011501X
Also do a websearch for DRIP investing
2007-01-03 03:38:39 · answer #6 · answered by pheasant tail 5 · 0⤊ 0⤋
etrade.com
2007-01-02 08:12:53 · answer #7 · answered by sdfsdf g 1 · 0⤊ 1⤋