I want to buy stocks online, but before that I have a lot of questions:
1.) I have about 0, can I just buy 5-10 shares. Some websites have like a minimum that is just to expensive for m.
2.)With online stock buying, do you get a stock certificate from the company you bought the stock from?
3.) I have a student banking account with Wachovia, how is it possible to transfer the money online?
4.)Do the online stock website have a online bank in which I can store my money, and when I buy stock, the money is automatically withdrawn?
5.) Is buying stocks like eBay, where you just have to put your credit card information and it automatically extracts the money from my checking card?
For those who understand me and my status in life:
I’m am senior in high school.
I have been taking advanced courses in economics, business, and finance. I am so interested in the stock market. So thank you for helping me out!
Additional Information - What is ment by commision when trading stocks on a web site? I am looking to start buying stocks. I am a first time buyer and looking to spend my tax refund on stocks while the market is down in anticipation of the market coming back in the near future. I was looking at buying 33 Shares of Microsoft Corp. its trading......
- exactly what is a penny stock? What is a penny stock trading? Under what do they trade? because some penny stocks i have looked up are not even carried by my trader. I have looked some up under nasdaq and dow and nothing. Does anyone have a good site that is reputable that I can look......
- One Hundred Pushup Challenge -- Knee Push ups, 1 Handed Knee Pushups, and Full Push ups Well if you haven't heard by now then you aren't paying attention to the Health and Fitness blogosphere... Everyone is doing the 100 push up challenge at 100 push ups. It is a 6 week training program geared toward a final test where 100 consecutive pushups are completed. (My first......
- Monday Lotto AU 2million Today's Lotto looks the best prospect so far, for a narrow ANY 6 draw. All numbers should be derived from those of the previous 5 draws, if not, it will probably blow out and the next draw will be the tight one. The Saliu Filters look extremely favorable. This reduces......
The Old Guy 7th March 2010
1-$500 is the minimum requirement that many firms require
2-You could receive a certificate, but it’s best that the stock be held in your account at the firm – You will receive, at least quarterly statements.
3-To transfer money the cheapest way is to send a check to the firm you choose. You could have the bank wire funds to your account but the expense is not worth it.
4-Most monies at a firm are held in the firm’s money market account
5-Firms can not accept credit cards, when you open an account you must complete a "New Account" application (can be done on-line).
HOWEVER, in the United States you must be 18 years of age to open a brokerage account in your name.
If you are not 18 you must have a parent orf guardian open a custodian account for you, using your social security number.
BUT judging by your questions before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.
Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.
Here is some reading material that can get you started in the right direction,
The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki
Then try some of these
What Works on Wall Street by James O’Shaunessey
Beating the Street by Peter Lynch
One Up on Wall Street by Peter Lynch
The Warren Buffett Way by Robert Hagstrom
Trading For a Living by Alexander Elder
Mastering the Trade” by John Caster
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Disciplined Trader by Mark Douglas
Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )
While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it.
Other website that can provide instructions and help with procedures and terminology are
Investopedia – http://www.investopedia.com/ Stock Charts – http://stockcharts.com/
http://www.investorshub.com/ http://www.1source4stocks.com/
Visit some of the more professional websites like Zacks – http://www.zacks.com/
Smart Money – http://www.smartmoney.com/ Schaeffer’s – http://www.schaeffersresearch.com/
Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
sanjeevka 7th March 2010
Try http://www.amp futures.com for the professional advice and help.
Uncle D 7th March 2010
My advice to you is not to buy stock but mutual funds. With $500 you are going to have a hard time finding a way to invest. Most brokers will eat you alive with fees.
Some mutual fund company’s my let you buy with $500. At this point I think that is your best option. Royce mutual funds will let you open an account with $1000.
Brocon 7th March 2010
buy stocks online
what if your money made you 1 – 10% or 10% to 200% per month
with no risk at all,what if you dont need to work and just enjoy life
what if you can watch your wealth growing while you are having fun
visit
http://www.myfxfunds.com
http://www.hsfxasset.com
http://www.hgnfx.com
http://forexearocks.yolasite.com
Teacher Online Finance 18th July 2010
Teachers Education video resources, lesson plans, inspiration and ideas to use in classroom. Professional development Business Internet and Businesses Online Finance
Teacher Online Finance´s last blog ..Finance PayDay Loans