How to Buy Stock Online With No Fee
Buying stock online is now very easy thanks to discount online brokerage firms. Plus you don't have to have a ton of money to invest. With the right automatic investment plan, you may also be able to buy stock and skip the $4 to $15 payment per trade that online brokerages charge.
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Instructions
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Search for an online broker. Here is what you are looking for: A small subscription fee at worst, no fee at best, that allows you to make a specified number of investments each month, which can be automated. Sharebuilder fits this profile. Its standard subscription allows you to buy into six different stocks each month automatically. You specify a specific amount to invest each month and this is deducted from your checking account. There are no minimums.
Zecco Trading allows you to make 10 equity trades each month with no subscription fee if you have a minimum of $2,500 in your brokerage account.
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Decide how much you want to invest. Since you have chosen an online brokerage that has no minimum requirement the important thing is to start investing no matter how small an amount you have.
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Link your checking account to your brokerage account. This provides funds for your stock purchase.
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Pick a number of stocks and automate. This will be influenced by your investment goals: long-term growth or short-term gains. Set it up once and you do not have to think about doing it each month. The amount you specify will be invested in your desired stocks each month.
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