How Do I Go Online And Buy Stocks Myself?
Monday, July 13th, 2009 at
11:01 am
To put it simple, i want to buy the stocks, own them, but have nothing tieing me to anyone else except the company i own the stocks from.
For example…..
Go to the store, buy them, bring them home, and they are mine from that point on??
no add ons, no fee’s or % just a one time deal and they are mine.
I need to know how to do that on lets say e-trade…..because when i get to the site, i don’t understand all the fee’s and contracts? per options??
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“Go to the store, buy them, bring them home, and they are mine from that point on??”
It is even simpler than that. You can buy them online!
Note, each time you buy or sell stocks, you’ll be charged a commission fee. Different “stores” (called brokerage firms) charge different rates. Scottrade is the best. They only charge $7/trade with no hidden fees.
To buy stocks online with Scottrade.com, you have to first open an account with them. You’ll need $500 and deposit the money in your account. After that, they’ll give you an account number and a password. You go home, log in, and you’ll see your balance…
You can click on the “Trade” menu on the website, and fill out a small form. You have to enter the stock symbol of the company that you want to buy. How many shares, etc… When you are finished, you click on the button and then confirm your order. This process takes less than a minute, and the moment you confirm your order, the stock appears in your portfolio. Every time you log in, you’ll see how your stock is doing.
See Also:
How do you buy stock?http://answers.yahoo.com/question/index;…
If you are looking to purchase just stock, you can ignore the contracts & options fees. Those are separate from stock. Usually, most online trading companies will either charge a flat fee or a per share fee to purchase stock. These fees are one-time expenses to buy the stock. If you sell the stock, you’ll incur a fee for that as well. If you want to avoid these fees, check out http://www.zecco.com and the first 40 trades/month are free.
HOWEVER, don’t pass up the options portion of the application just because you don’t want to trade options. As a stock holder, you can sell options on every block of 100 shares that you own and “rent” your stock out for additional income.
If you want to learn more about trading in general, I’d be happy to refer you to a website that offers free classes that I have found VERY helpful.
Open a brokerage account at Zecco.
You may be talking about holding stocks in a certificate form.
This can be done, but personally I consider it a nuisance. I have some in certificate because they were given as a gift and I haven’t gotten around to converting them.
Realize that if you hold them in certificate form, some agency is still going to be governing them. That is how you will receive your dividends or stock splits. So now instead of having your brokerage account list all your stock in one account and supplying your dividends for the company, you will have several companies handling the matter for you.. ..messy.
Not only that, I assume that they still all charge a fee for doing so, though it may be more modest than an Etrade fee for not making enough trades.
I like Mary T’s idea best. I’ve never tried Zecco.com, but they sound worth looking into. Though their trades may be free, I don’t know if they charge any account fees or fees for not making enough trades like Etrade does.
First you would need to start an account, fund it, and then buy the stocks at the website where your account will stay nicely centralized.
You definitely don’t want to trade options yet, but when signing up for an account, brokerage forms may ask if you want to have that available to you. You can just say no.
A lot of times you can buy stock from the company itself, but this takes a LOT of leg work, and you probably won’t get to buy it at a certain time of day or at the price you want, but it may be worth looking into.
I would recommend a website like TD-Ameritrade. The way they work is every time you buy a stock they charge you $10, you can buy 1 share or 1000 shares, but it is still $10, as long as you are buying the same company’s shares. If it turns out you don’t like TD-Ameritrade you can take your stocks and go some where else, but it may cost you a little to do that.
I would also recommend Sharebuilder. There are different levels, but for the basic level they only charge you $4.00, however they only buy on Thursdays (I think), so for long term investors, this may be a good option, because you aren’t going to be concerned too much with the daily ups and downs.