I want to buy a stock of a company i have in mind, but i do not know how to do it...any suggestions? Please be spacific. Where can i buy stocks online i want to invest about $1000. I have no idea what i am doing so can you tell me the steps i need to take?
2007-10-28 16:24:12 · 8 answers · asked by ccooollchick 1 in Business & Finance ➔ Investing
There are a lot of options available for you to get started with trading. If you already know what you are getting into, then
you are better off with online stock brokerages -- TDAmeritrade or ETrade or Firstrade or Scotts & Others. Pick the one that fits your style of investing .. in some, the commissions are low .. and they throw in 45 days of free trading or other kind of introductory offers.
If you are new to investing, talk to your family/friends and they would suggest a good personal financial advisor to get you started.
Good luck with your investing.
2007-10-28 19:54:25 · answer #1 · answered by Sreenu 4 · 0⤊ 0⤋
Schwab is a great place for newbies (after they've spent 6-12 months reading about investing)....... Read at least 2-3 books on the type of investing you want to do.
Don't take tips on what stock to but from anyone.... friends, relatives, media gurus etc.
Understand "asset allocation". Have an asset allocation plan.
Don't buy any stocks under $5.00 for at least 5-10 years. Doing a penny stock (under $5) is the typical major mistake of newbies.
2007-10-28 16:41:04 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
You should have enough for a Schwab account. If you know what you want, it is my opinion Schwab is a good way to go. But if your stock-pick is a penny-stock, and I will give no opinion of this choice, I will say that Schwab charges more in fees for this type of pick, so maybe looking elsewhere is a better way to go when deciding a place to route your investments through. Also, the amount of stock a thousand dollars could buy, may be better spent in another type of investment vehicle.
2007-10-28 16:32:02 · answer #3 · answered by Anonymous · 1⤊ 0⤋
You need an Dmat account or electronic-share-holding account.
You could approach a broker and open one.
Then pay the broker and tell/order the shares ( purchase by broker). Broker/firm charges some commission for buying and selling.
or
Approach a bank and open an 3 - in-one account.
i.e 1)bank 2) Trading and 3)Dmat
Dont need much fees for this only some minimum balance you have to keep in your account and very little one time fee for dmat.
After having this 3in1 you can trade on line from your computer at home with Internet connection
2007-10-28 17:13:32 · answer #4 · answered by Bhau 4 · 0⤊ 0⤋
Many companies will sell their stock to you through a direct investment plan. I am presently buying BAC (Bank of America) in this way. I paid a 1 time fee of $50.00 but there are no other fees and dividends are automaticly reinvested.
Check out Temper of the Times website, also lots of info on motleyfool.com
2007-10-28 18:05:08 · answer #5 · answered by coffeeman777 3 · 1⤊ 0⤋
Stick to a on line broker, its easy and fast and you don't have to deal with some broker that will charge you outrages fees for trades you could do yourself. Just search around on yahoo finance, there are a few known on line brokers that show up. Some may require allot more than what you want to invest. I myself like http://www.sharebuilder.com/, 0 dollars to start.
2007-10-28 17:06:37 · answer #6 · answered by Grandpa Shark 7 · 1⤊ 0⤋
well, if you have no idea how to get start, I would recommend you to make some study first before rush in and out, and losing money.
Please make up your mind to study one type of trading method. The method should tell you how to find the entry point, exit point, stock loss. I would recommend you to study Nicalos Darvas trading method.
2007-11-01 16:04:11 · answer #7 · answered by SpookyFox 5 · 0⤊ 0⤋
try http://goldenbullstocks.com and do your own research
2007-10-29 01:17:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋