How to Buy Stock Immediately
Online stock trading brokers, such as Sharebuilder and TradeKing, give consumers the ability to purchase stock on their own. While some accounts set up stock purchases so that they occur in the future, it is possible to make a real-time trade and buy a stock that you are interested in immediately. It is free to open up an online trading account. However, there is typically a small fee to make the trade and buy the stock.
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Instructions
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Sign up for an online trading account with a company, like Sharebuilder or TradeKing, if you do not already have an account. Date of birth, Social Security number and address are all required to open an account.
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Link a checking account to your online trading account by entering in the routing and account numbers. If you have an ING Direct checking or savings account, you can do instant transfers into a Sharebuilder account.
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Click "Trade" on the Sharebuilder navigation bar to go to the stock buying screen. Select "Real-time Trades" to buy stock immediately.
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Select "Buy" and enter in the symbol and number of shares of the stock you want to purchase. If you had an existing account with money available for trading, select "Cash" as your funding source. Otherwise, select "Express Funding" to fund the account.
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Click "Next" to see the details for your stock purchase and click "Buy" if everything is correct. As of December 2009, Sharebuilder charges $9.95 for a real-time trade. This buys the stock immediately at the real-time price.
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Tips & Warnings
As of December 2009, Express Funding has a $6.95 fee unless using an ING Direct account for funding.
Stock can be purchased only when the market is open, which is 9:30 a.m. until 4 p.m. on weekdays.
