Buying stock.

[XenosTech]

So where can a dude buy stock online and which of the tech giants should I invest in now and those I should avoid like plague ? #AskingForAfriend

[Thunderpup]

There are two main methods of buying stock.

 

One is through a stock trading company, i use capital one investing (formally Sharebuilder), and the other is directly from the company itself.  I'm not partial to it or anything its just what ive always used.

https://www.capitaloneinvesting.com/a/main

The benefit of using a trading company is that you can buy stock from multiple companies using just one trading service.  The drawback is there is a fee you have to pay.  Sometimes the fee is per trade, or even a monthly fee.  

Some companies offer the ability to buy stock from them directly instead of working through an intermediary.  The benefit is you usually don't have to worry about any associated fees when buying the stock.  Which means 100% of your money goes towards investment.  

The drawback is there is usually a minimum initial investment, $250 is common, and you usually cannot buy/sell on the fly as they usually have you schedule a purchase that will be done at a later time..  So if the stock is tanking, or starting to go up you cannot dump/buy right then.

 

Funny you should post this as i scheduled a purchase of 1 share of AMD this morning.  

[XenosTech]

3 minutes ago, Thunderpup said:

There are two main methods of buying stock.

 

One is through a stock trading company, i use capital one investing (formally Sharebuilder), and the other is directly from the company itself.  I'm not partial to it or anything its just what ive always used.

https://www.capitaloneinvesting.com/a/main

The benefit of using a trading company is that you can buy stock from multiple companies using just one trading service.  The drawback is there is a fee you have to pay.  Sometimes the fee is per trade, or even a monthly fee.  

Some companies offer the ability to buy stock from them directly instead of working through an intermediary.  The benefit is you usually don't have to worry about any associated fees when buying the stock.  Which means 100% of your money goes towards investment.  

The drawback is there is usually a minimum initial investment, $250 is common, and you usually cannot buy/sell on the fly as they usually have you schedule a purchase that will be done at a later time..  So if the stock is tanking, or starting to go up you cannot dump/buy right then.

 

Funny you should post this as i scheduled a purchase of 1 share of AMD this morning.  

It just dawned me that I should invest some of my money in another way other than games

[ARikozuM]

Edward Jones, if you have any, are good for any type of investment that you're looking for. They don't do penny stocks (stocks with a low value say $10/share), but they do bonds, mutual funds, and stocks. They'll help you get a varied portfolio for whatever your end-goal is, i.e. short-term/long-term, high growth, etc.