My dad needs me to buy stock for him, can you be my "Stock Investing for Dummies" book!?
Okay, So my dad doesn’t have a computer with internet available to him. Well technically he could go to the library….but he won’t. So he wants me to find a good site to buy stock for him (specifically a few Banks….don’t need advice on what stocks to buy, just where & how to buy!). I don;t understand ANY of the terminology so the website are just really confusing to me.
1. I need a website. Don;t even know if they cost money or anything, but preferably a free one…since I dont think he plans on paying for the site.
2. What payment methods are excepted? THIS IS MY MAIN QUESTION. Does he need to get a paypal account or something like that. All options listed would be best so that he can choose the right one for himself.
3. I need a step by step process of specificaly how to get to the page where I buy the stock. So a step by step guide to the specific website you suggest would be helpful.
Sorry…but I am MORE than a noob to this. It’s like asking me to speak a language that I have never even heard spoken. Again…I don’t need suggestions on what stocks to invest in. & NO..unfortunatly my dad won’t be having somebody else do this for him so it is up to me. Bad choice dad lol.
ANY HELP IS APPRECIATED> Thanks!
It seems you are helping out your family.
Well as someone stated before you will need to open an acoount with a broker. You can find one just by searching the internetor using yahoo.
Here’s a list of discount brokers in (alphabetical order): etrade.com, kingtrade.com, scottdrade.com, sogotrade.com, and tdameritrade.com
If you want tio open an account with a real life person search for locations of the mentioned brokers in the official site. Just go to the store loacator.
Yeah you will not get a free site. You will have to pay each time you buy and sell shares. use Sogotrade.com because it is the cheapest.
You can deposit into your account using a personal check.
Comments
better wait, now is a bad time to buy stock
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You need more than just "a web site." You have to open a brokerage account first. If you’re as uninformed as you state, you’re going to get in trouble – educate yourself about stocks first.
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He needs a brokerage account as the first step. He can talk to his local bank to see if they will purchase stocks for him. Most will. There is no need for internet access to take that path. Stock brokers to not take paypal. The take checks, wire transfers, and direct bank transfers. One thing you and your dad need to be aware of is that there is a 3 business day settlement period for stock purchases. That means you have 3 business days to get the payment to the broker. In most cases mail is pushing the limit. That leaves funding your account up front before you purchase a stock (transferring funds to the account before a purchase), direct bank transfer (I use that option), or wire transfer. Most banks charge about $25.00 to perform a wire transfer.
Most on line brokers are much less expensive than a bank is going to be. All on line brokers do provide free web sites. Try Scottrade or TD Ameritrade. They are both reliable and inexpensive. I personally use TD Ameritrade.
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It seems you are helping out your family.
Well as someone stated before you will need to open an acoount with a broker. You can find one just by searching the internetor using yahoo.
Here’s a list of discount brokers in (alphabetical order): etrade.com, kingtrade.com, scottdrade.com, sogotrade.com, and tdameritrade.com
If you want tio open an account with a real life person search for locations of the mentioned brokers in the official site. Just go to the store loacator.
Yeah you will not get a free site. You will have to pay each time you buy and sell shares. use Sogotrade.com because it is the cheapest.
You can deposit into your account using a personal check.
References :
February 27th, 2010 at 8:03 am
check this site for help http://doubling-stocks.cjb.net
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