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A Beginner's Guide to Buying Stock How to buy stock. Open a brokerage account. Choose stocks to buy. Decide how many to buy. Choose an order type. Place the stock order. Build your portfolio.
Here's a step-by-step guide to start your stock investing journey. Open a brokerage account. First, you'll need a brokerage account to buy stock. ... Decide which stocks you want to buy. ... Decide how many shares to buy. ... Choose an order type. ... Place the stock order with your brokerage. ... Build your portfolio.
By signing a power of attorney document, you can assign a person to carry out investments on your behalf. The POA provides that person with the power to sign all investment-related documents on your behalf.
Step 1: Choose the Type of Brokerage Account You Need. ... Step 2: Consider the Features You Want and Their Associated Costs. ... Step 3: Choose the Brokerage That Best Fits Your Desired Needs. ... Step 4: Begin the Application Process. ... Step 5: Fund Your New Account and Start Investing.
Direct stock purchase plan Instead of going through a broker, a company can allow investors to buy its shares directly. With a direct stock purchase plan (DSPP), investors transfer funds from their bank account. The plan administrator then uses this money to buy shares at their average market price.