How Do I Buy a Single Stock?
Buy a single stock by investing with a dividend reinvestment program, a discount brokerage firm or a financial profession. Consider diversifying a stock portfolio with a variety of stocks to prevent loss with tips from a financial planner in this free video on investments.
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Hi, there. I'm Cathy Pareto, the founder of Cathy Pareto and Associates, certified financial planner, here in Miami, Florida. In this clip, we're going to talk about how to buy a single stock, and you can buy a single stock in many different fashions. You can do that through a dividend reinvestment program directly with the company that you want to own, or you can do it with a discount brokerage firm and trade online, if that's what you opt to do. Or, of course, you can do it with a financial professional. It's up to you. But buying an individual stock is fairly easy. You put money in your account or you set up an ongoing purchase program, and you buy the stock on a regular basis, in intervals, or in one fell swoop in a chunk. My advice to you, though, is if you're going to buy individual stocks, be aware of the individual company risks that you might assume by doing that, and business cycles and industry risk. And so if you're going to buy stocks, buy a broad array of stocks that you can diversify those risks away through multiple stocks at once. So that's a little bit about buying individual stocks, and this has been Cathy Pareto in Miami, Florida.