How do I start to invest in a company's stock I'm interested in?

Question

Where do I start? I go to Yahoo Finance and read all about a company and want to buy $1000 of it's shares but how do I do that? Are there local investment places or a company phone number I should call? Forgive the dumb question but I really don't know where to start.

Answer 1

It is very simple to log on to someone like Scottrade or E*trade and open an account...fill out the application on- line...then send a check. In a few days you will get an ID and password and you can log on to your " portfolio". Your money will all be in " cash"... click on to the " trade" tab... fill in the appropriate info:  Symbol ? Number of shares? ..and for right now just go with " market order"...and " good for the day "

Okay, so now you have purchased so many shares of your fave company...( you ARE an " investor" )...click back to "portfolio" and it will show you where you stand...gaining? losing?   check back whenever you feel like it.

If you do alright, then consider saving some more money and besides your " brokerage account"...you could open a ROTH IRA account..( which you can also trade in )

As time goes by you will change things, or maybe not...but hopefully you will make some gains... and the portion in the ROTH is working to guarantee a comfortable future for you.

Answer 2

jebediabartlett has the right idea.

There are a ton of discount brokers like tradeKing,  Zecco, scottrade , or sharebuilder.  

This website has information and links about all  

http://www.brokebrokers.com/compare-fide...  

        I am like you just started out.  I decided to go with tradeKing.  You don’t need a minimum balance and it is only $5 a trade(commission).

I just bought my first stocks($100 worth)  with an online broker connected to my credit union two days ago  but the trade(commission) cost $25.  

Which I found out with some research is ridiculous.  I could have gotten the same trade for $5.

I want to trade at least a couple times a month so I going to open a tradeking account and see how things go.

Answer 3

You must approach a good broker first and open a depository or dmat account first. Then you should have a sound talk with the broker about your investment tactics and he will help you with the investment strategy.

Answer 4

You should get an demat account opened in some online bank like icici and then buy sahare of any company you like online.

For more tips on this topic please visit;

www.sharetips.99k.org

Thanks.