How To Buy My First Stock
How to buy a stock
Buying your first stock is not as complicated as many make it sound or believe it to be. You do not need a fancy computer or multiple monitors. You do not need fancy scanners or a fancy degree. Investing in the stock market is not hard at all to do and it's a great way to try and secure a better future you can invest in a regular trading account or a retirement account or both like I do.
The simplest way to start investing for the long term in the stock market is to download one of many stock trading apps and just dive right in. I personally wouldn't invest in penny stocks but established companies or ETS'f like VTI, SPY, etc. These types of ETF's expose you to broader investments so not all your eggs are in one basket like TSLA LOL!
The Easiest Way To Buy
First, you need to establish an account with a broker much like webull or E-Trade. Webull has a promotion where you get two free stocks when you deposit $100 into the account and generally it’s a good starting point for first-time investors. You can download webull on this link to get your free stocks https://act.webull.com/k/wgPXM6qjE9N8/main
Picking An Investment
Once you have funded your account now you would look up the stock you want to purchase for example DIS (Disney) then you will pick which type of order you want to use, normally a limit order is what most people use to open a position (buying a stock). DIS is generally speaking a safe long term stock to purchase for investment purposes. Once you set your limit buy price you click buy and wait for the order to fill. Once your stock buy order executes that is it you just bought your first share of stock congratulations!
In Conclusion
That is how easy it is for someone to buy their first stock but it does not have to stop there one can start educating themselves on long term investment and day trading education as well Many people do both like my self. Monthly contribution to long term investments while day trading in a separate account but day trading takes a tremendous amount of day trading education before one starts doing that with live money make sure to visit some of my other articles about day trading education.
The general rule or key to long term investments it buying monthly no matter if the market is up or down, pick a basket of investments like the stocks you picked or an ETF like VTI. Generally, investors invest money they do not plan to use for ten, twenty, or even thirty years letting the investment grow and buying more every single month.
I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. All videos, posts, articles are my personal opinion and created for Entertainment Purposes only. Any information shared should be seen as purely Opinion.