-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
How do I get a piece of the Stock Market? Say I wanted to buy so many Shares of Intel or AMD stock?
- Thread starter formulav8
- Start date
Brainonska511
Lifer
Isn't Ameritrade one of those sites?
shuttleboi
Senior member
Choose an online broker, such as Ameritrade, ETrade, Schwab, and others. Once you fill out their online forms, they will allow you to deposit money into it. If you have a banking account with another institution (e.g. Bank of America or Washington Mutual), you can transfer money into your broker account electronically (see the broker's instructions, but basically you fill out another online form with your bank's routing number and account number).
At this point, you have some money in your brokerage account. Now you can buy and sell shares of whatever companies you like. Aside from the obvious dangers of putting money into bad investments, you need to watch out for the following:
1. Different brokerages charge different fees for each sell/buy of stocks. Etrade is around $10/trade, which is near the low end.
2. If you sell a stock for a profit, you have to pay yearly tax on it (called capital gains tax). If you hold a stock for a long period of time (I think it's like 9 months) and then sell, you pay less tax.
At this point, you have some money in your brokerage account. Now you can buy and sell shares of whatever companies you like. Aside from the obvious dangers of putting money into bad investments, you need to watch out for the following:
1. Different brokerages charge different fees for each sell/buy of stocks. Etrade is around $10/trade, which is near the low end.
2. If you sell a stock for a profit, you have to pay yearly tax on it (called capital gains tax). If you hold a stock for a long period of time (I think it's like 9 months) and then sell, you pay less tax.
drnickriviera
Platinum Member
search for broker. This is asked like once a week
Oh and VFINX. Ha I beat you dave!
Oh and VFINX. Ha I beat you dave!
IHateMyJob2004
Lifer
Easiest, onlione broker
Cheapest: see if the company has a DRIP.
I suggest Ameritrade. And if it's your first stock, go after soemthing stacble, like JP or O or ABC or WM or FITB. SOmething with a nice yield that will not cause stress 😉 JP is probably the best option in regards to this.
shuttleboi
Senior member
Here's where I started many years ago:
Motley fool website
Good luck. Investing is the only way to build wealth for the common folk like us.
drnickriviera
Platinum Member
You are going to be soooo screwed. What exactly are your reasons for wanting to buy those stocks?
DaveSimmons
Elite Member
What, you don't like putting $21-57,000 into just 2 stocks? It is a little less risky than heading to Vegas and putting it all on black.
See guys, I'm not a cult member. I don't always suggest people go to vanguard.com and buy VFINX index fund shares instead.
Oh wait I just did. d'oh!
drnickriviera
Platinum Member
Reminds me of the Futurama episode where the giant brains attacked earth and used their stupifaction ray on everyone.
Fry: What are we going to do?
Professor: Duh, I know, let's play the lottery.
Amy: No, let's buy internet stock.
Zoidberg: On margin! Zoidbee wants to buy on margin.
🙂
AccruedExpenditure
Diamond Member
Pick up a book from your library and learn more about stocks before investing.
imported_electron
Senior member
Get into options. Zoidbee wants to buy options!