How to Buy Coach Stock
Coach Inc. (NYSE: COH) is a New York-based company that designs and markets apparel and accessories for men and women. The items include handbags, wallets, gloves, hats, leather cases, watches, jewelery and fragrance. The company was founded in 1941. It has a market cap of about $5 billion. The easiest way to buy Coach stock is using an online brokerage or investment account.
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Instructions
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Research the company, its fundamentals, strengths and weaknesses. Also pay attention to current news or earning reports that may affect the stock price. See a link in Resources below to the Yahoo! Finance page on Coach as well as the Motley Fool research page on Coach.
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Open an online brokerage account if you do not already have one. There are many options to choose from, including well-known names like Fidelity, Sharebuilder, Scottrade and Schwab. Each has its unique features. Sharebuilder allows you to open an investment account with no account minimum.
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Decide on how much you want to invest. Your investment objectives--whether you are buying long or short--will determine how much of your investment dollars go into this stock. Remember to keep your investment portfolio diversified.
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Link your checking account to your brokerage or investment account. This allows you to easily fund your stock purchase. This also helps if you have an automatic investment account. You can just set it up and then put it on auto pilot.
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Buy your Coach stocks. If you set up an automatic investment account, such as the one provided by Sharebuilder, and pick Coach as one of your stocks, some of your dollars will be allocated to purchasing Coach stocks each month, using dollar-cost averaging.
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