How to Buy 1,000 Shares of Stock
Buying stock is easier than ever, thanks to the number of companies that have introduced online stock trading systems. There are several online brokers from which to choose, including ShareBuilder and TD Ameritrade. Online brokers generally have a very basic buying and trading system that makes it easy for amateurs to set up their stock accounts and start trading right away.
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Instructions
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Create an account with an online broker. You will be asked to provide your name, contact information and other identifying personal information, such as your Social Security number and date of birth.
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Fund your account with enough money to purchase the stock that you would like to buy. You will also need enough money in your account to cover the trading fee. Online stock accounts can be funded in several ways, including electronic bank transfers and payroll deductions.
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Locate the stock that you would like to buy. If you know which stock you want to buy, type the stock symbol into the search box, or search for the stock by company name.
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Select a stock if you do not know which stock you would like to buy. You can look for companies that you are familiar with, or you can refer to stock trading pages or financial programs that can provide insight on which stocks are expected to do well in the market. CBS Money Watch, for instance, offers investment advice and is available online at moneywatch.com.
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Buy the stock. Once you have found the stock that you want to buy, you will be given an option to purchase the stock. Click on the "Buy" button for that stock and type "1,000" into the field that asks for the quantity of shares you want to buy. Click "Okay" or "Buy" to complete the transaction. Confirm the buy if you are prompted, and the purchase will be made.
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Tips & Warnings
You can find out how much money will be needed to cover the trading fees on the pricing and rate schedule on the site. This will often be found under a link titled "Pricing" or "Cost."
Trading sites often have their own research tools to help users make investment decisions.
