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angela n | How to start buying a stock |
I dont have alot of money but i would like to buy some stock like in Johnson and Johnson how do I go about doing that without putting alot of money down? |
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USP
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Open a demat account , if u don't have one.
Buy stocks on dips when it is cheaper, in small amounts & do not put all your eggs in one basket. Be a long term invester.
Thanks. |
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Thrasher
 |
Generally you don't buy a stock without paying for it in full. So you can just buy a few shares. E-Trade, Scott-Trade or any other online trading company could help you make your purchase.
To buy using small investments, check out ShareBuilder. You put in a set amount each month and purchase shares as you can. They may allow fractional shares.
You can also go with a broker like Edward jones.
One of those should meet your needs with the lack of detail provided in your question. With more I could be more specific. |
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herny
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i think, you can try overnight income stock. it more simple, workable, profitable and no risk stock investment. actually, your money will work for you, even while you sleep, and you get your first overnight income. your money grow daily. |
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Italian girl
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Some companies have direct investment plans but I do not believe JNJ is one of those. They do however have a DRIP plan (dividend reinvestment program). I recently ran across an answer here about a closed end fund GAM that has a direct investment plan. I did some research into this and both the plan and the fund look like good investment options. Do a internet search for General American Investors to find their internet site.
If you have your heart set on JNJ, you might talk to your bank to see if they will act as a broker for you. |
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The Chosen One
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I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!
http://friends.zecco.com/r/a7a2877caab8102b8555 |
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SDD
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Sharebuilder.
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Titanium Oxide
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Good question! I'll be checking back on this one! I've been doing some independent researching with etrade, but they seem to want you to put in like 50 grand! Yeesh! |
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jassi
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i think the best way to start investing in shares or in any particular stock -1st check the profit earning ratio of that company and balance sheet...but as its difficult to understand i suggest u to open an demat account and take advices from stock brokers on stock as they tell u best..,.,.but if wanna to learn and do indepentantly like i am doing pls open an online account with sharekhan.com or reliancemoney,,,they help u get basic knowlegde and help u to purchase stock.IN SHAREKHAN u get know ABOUT BEST STOCKS,BEST TRADING CALLS,ALERTS which help u get knowledge and exp.,.,,and pls at begining do small investments and deversify it as its helps u .,.,., |
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Theodore B
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In order to buy stock like Johnson and Johnson, you will need to go through a broker. If you do not have a lot of money, I would suggest going through an online discount broker because they are much cheaper than full-service ones. However, even many online discount brokers have account minimums so you will have to find on that doesn't.
I currently use Firstrade ( http://www.firstrade.com/ ). They do not have minimum deposit requirements and they are much cheaper than big name brokers such as Etrade, Scottrade, Schwab, and Ameritrade. They are very easy to use and would be perfect for your situation. I would definitely recommend them to you.
I would discourage you from choosing Zecco because their free trades deal requires at least $2,500. Plus, their website is not that great for beginners. |
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