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Help A Stock Market Virgin
Posted on 5/18/14 at 7:52 pm
Posted on 5/18/14 at 7:52 pm
I know nothing about stocks but would like to learn. Say I wanted to invest in Disney stock. What are the steps to do so?
1
Posted on 5/18/14 at 7:59 pm to JabarkusRussell
Aside from figuring why you want to buy that particular company,
1) Open an online account at TD Ameritrade, Scottrade, Etrade, etc.
2) Transfer money from your regular bank into your new account you just created.
3) Look for Disney (DIS), click "Buy", tell it how many shares you want, click "Place Order".
4) Remember the commission fee. If you bought 10 shares of a stock worth $50/share, and the commission is $10, you will need $510 to get those 10 shares.
That said, Disney is a great stock to just hold long term. Do not sell.
1) Open an online account at TD Ameritrade, Scottrade, Etrade, etc.
2) Transfer money from your regular bank into your new account you just created.
3) Look for Disney (DIS), click "Buy", tell it how many shares you want, click "Place Order".
4) Remember the commission fee. If you bought 10 shares of a stock worth $50/share, and the commission is $10, you will need $510 to get those 10 shares.
That said, Disney is a great stock to just hold long term. Do not sell.
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