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Buy Stock Shares
Posted by GuestPoster in Money & Finance on June 8th, 2010
How to buy stock shares
You are a new investor looking to make money in the stock market like all those other guys and gals. How do you get started?
It is easy. First you need some money. It does not need to be a lot of money. The amount of investment money you have determines which stocks you can buy and how many shares, though.
First you need an idea of how you want to buy stocks shares. Do you want someone to do it for you, someone to guide you, or do you want to do it all yourself.
If you want someone to do it for you, there are many money managers who are stockbrokers. With this, you just give the money manager a check once a month, once a year, whenever you want to, and the money manager will buy stocks shares and put it in your investment account. The money manager does all this without consulting you and charges you a very high commission to manage and oversee your investment account.
A full service stockbroker will meet with you, find out your investment goals, make suggestions and then buy stocks shares. Because he is full service, his commissions are high also.
However, if you want to have the fun of doing it yourself, you can find a discount broker who lets you tell the broker what to buy and sell. These commission rates are much lower, as the broker just does what you say to do.
The online discount brokers have the best rates because you do it all. After you fill out the paperwork and open an investment account, you are given a website, access code, and a password connected to your account. You can start investing in shares with a few easy clicks of the mouse, you can see the money in your investment account, you can print out a report that shows what stocks you own and how many.
Different online discount stockbrokers have different requirements for funds needed to open an investment acccount. With a few thousand dollars, you can probably find one willing to let you buy stocks shares and join the stock market crowd.
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