Comment by Solomonsk5 on Procedural Knowledge Gaps · 2012-07-25T18:57:52.099Z · LW · GW

How to Buy Stocks Note: This is just nuts and bolts. Any terminology you may need can be found on Investopedia.

1. Have a bank/checking account
2. Sign up with any of the many online stock brokerage sites(ScottTrade, Ameritrade, Sharebuilder,etc.)
3. Send the broker an initial deposit of funds. (You'll require your routing and account numbers. You have to transfer funds to the broker, who needs this money to purchase your stocks.) The usual minimum is $2000 but can be as little as $500.00.
4. In trade section, you'll need to input the company's stock symbol, #of shares to be bought, and the order type.
5. Click Review order and double check you've made the right selections.
6. Finalize order.

Shameless Plug: If you happen to fancy Scottrade, I can be listed as your referral so we can both benefit from free trades. Referred by: SOLOMON KNOWLTON ReferALL code: OPRH6640