2007-08-01 10:00:18 · 6 answers · asked by SOCALVIC 2 in Business & Finance ➔ Investing
Most commonly you set up an account with a broker, and the broker interfaces with "Wall Street" (the stock exchanges) to make the actual transactions. Some companies will let you buy their stocks direct. sharebuilder.com will let you buy stocks with just a little money, even partial shares.
2007-08-01 10:11:34 · answer #1 · answered by Houyhnhnm 6 · 1⤊ 0⤋
Getting started in the stock market is actually very easy.
1) Open a brokerage account.
Check out a broker called Zecco (www.zecco.com). The company doesn’t charge a fee to buy or sell stock, doesn’t have a minimum balance, and won’t charge you a fee just for having an account open. Tradeking (www.tradeking.com) and Scottrade (www.scottrade.com) are other options.
2) Buy shares in an exchange traded fund. These are basically mutual funds that trade on the stock market, effectively allowing you to own a little stock in a large number of companies with a single trade. Two prominent examples are the iShares fund (IVV) and the SPDR fund (SPY) both of which hold all 500 stocks in the S&P 500 (a listing of the main US stocks). Both funds have very low costs and should track the performance of the stock market closely.
3) Sit back, relax and do nothing. The stock market averages a 10-12% return over long periods of time. Over 30 years an investment growing at 12% a year will increase 30 times (ie a $1,000 investment will be worth just under $30,000). Just keep adding more cash to your account whenever you can and don’t panic if the market drops a bit.
You can also look into buying individual stocks, but either of these funds will make a great core holding.
2007-08-01 11:15:12 · answer #2 · answered by Adam J 6 · 0⤊ 0⤋
contact a stock broker or investment firm, give them your money, tell 'em what to trade OR cross your fingers and let them take over. you can also trade w/o a broker online for a per-transaction fee on places like e-trade
2007-08-01 10:03:53 · answer #3 · answered by rachel 5 · 0⤊ 0⤋
If you are under age than first wait until you grow up. Otherwise go to a broker.
2007-08-01 10:02:54 · answer #4 · answered by blapath 6 · 0⤊ 0⤋
those human beings very own seats on the substitute. They get to commerce devoid of paying commissions. they actually cope with the trades for others and are paid commissions. notwithstanding, no longer a good number of do now as as quickly as. Now many trades are dealt with off the substitute.
2016-10-01 05:09:38 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Heres a few retail brokers which you can look at thier websites
www,.etrade.com
www.schwab.com
www.scottrade.com
2007-08-01 11:24:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋