![]() ![]() You can learn more about fundamental analysis on our blog or perform your own research on our website – we’ve automated much of the fundamental analysis process, which is why we think WallStreetZen is the best fundamental analysis tool. This concept is what fundamental analysis is based on, and why we built WallStreetZen. If a company’s value is not worth its current price, you shouldn’t buy it. The same can be true for stocks, companies. What you’re getting (a pencil) is not worth what you’d be giving up ($100). If you wanted to buy a pencil and I offered to sell you mine for $100, would you buy it? Of course not. Just like everything you buy, there are 2 components: Once you’ve identified a few potential companies to invest in, it’s time for some research (hint, this is where WallStreetZen comes in). We should take his advice seriously – he’s worth nearly $100 billion. “Buy into a company because you want to own it, not because you want the stock to go up.” -Warren Buffett Remember, each share of stock is part ownership of a company – look for companies in which you want to become a part owner. There have been many books written on this topic, and diving into the details of each method is outside the scope of this article, but here are a few tips to get you started.Ī great place to start is by researching companies you already know as a consumer – what products do you buy and love?ĭo you own a MacBook and an iPhone? Maybe you want to buy Apple stock (ticker: NASDAQ: AAPL).ĭo you own a Tesla Model 3? Maybe you want to buy NASDAQ: TSLA. (Related: Learn how to know when to buy and sell stocks.) Once you’ve opened your brokerage account and funded it, it’s time to start picking stocks. See? That wasn’t so hard! Step 2: Research the stock(s) you want to buy If you asked me, my 2 favorite brokers for stock investing (especially for beginners) are eToro and M1 Finance. You can ask your family or friends what they use, or you can do your own research. The best way to buy stocks is by searching for and opening a brokerage account that has all the features you need.īut, here’s what a good brokerage account will have: Let’s take a closer look at each of these steps.įeel free to follow along in another window! Step 1: Select an online stockbroker and open a brokerage account Step 5: Monitor and manage your investments with a stock portfolio tracker Step 4: Choose your stock order type (< 1 minute) Step 3: Decide how many shares to buy (< 1 minute) Step 2: Research the stock(s) you want to buy (varies) Step 1: Select an online stockbroker and open a brokerage account (15 minutes) How to Buy Stocks Online: The 5 Steps for Beginners Now that we have our key terms defined, let’s discuss how to buy a stock and where to buy a stock. “Apple shares”, “shares of Microsoft”, “I bought Tesla shares” “Apple stock”, “Microsoft stock”, “I bought Tesla’s stock”įor every stock (public company), there are many shares. To sell some or all of the shares you currently own.Ī stock is a security that represents the partial ownership of a corporation.įor every public company, there is 1 stock. To take a position by buying shares of a company. “Buying”, “Purchasing”, “Going long”, “Opening a position” “Brokerage”, “Brokerage firm”, “Trading platform”, “Investing platform”Īn agent that allows investors to buy and sell stocks.Īn account in which you can buy and sell investments, such as stocks, bonds, mutual funds, and ETFs.Ī unique series of letters assigned to a security for trading purposes. Let’s get started by covering a few of the most important terms you’ll need to know: Term: Plus, our readers can get up to 16 free stocks in May using the link below: Get real-time Level 2 market data for free.Access moomoo’s Earnings Calendar and Earnings Hub.Trade stocks, ETFs, and options commission-free.We have partnered with moomoo, one of the top trading brokerages in 2023. ![]()
0 Comments
Leave a Reply. |