Interested in buying stocks but not sure what to do or how to buy them? After reading through my lessons you should have a good idea on what your objective, investment horizon (how long you plan on investing), and risk tolerance are, so you have a plan to get started. I’m assuming you’ve decided to either invest on your own as you’re not offered a 401k plan or you’ve maxed your IRA’s and such, so you want to try the share/stock market. Also, I’m assuming you’ve done your research and have conducted some kind of analysis on the companies you will be investing in. If you have done all of the above, then you’re probably more than ready.
So, how do you get started with this stock market? How can I buy shares in Apple, Microsoft, Google, or whatever your choice in stocks are- you’re asking? Well, here is what you need to do as shown below:
Find a good broker or brokerage firm. These are the guys with the necessary licenses to place orders for you on the stock exchange. Don’t have any idea what I’m talking about? (Be sure to check out our thorough broker reviews where you can get info on most every broker out there.)
A couple of things to keep in mind when selecting a broker:
Some are more costly than others with regards to buying and selling and offer the exact same service. Some are more costly because they offer more client services than others. Be sure to ask what you get with them and relate it to the cost, to know which is more cost effective for you and your investments. Watch out for hidden charges on things like transfers and handling, ask for a full fee disclosure.