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There are many ways to purchase equity investments. The specific type of investment you select will affect your choices. For example, you may trade collectibles and real estate directly with other buyers and sellers. When you purchase stock or REITs, you may work with a broker. Full-service brokers generally provide more assistance with research and advice and charge higher commissions than discount brokers. Use the “Rule of Three”-compare the costs of buying and selling with at least three firms. Other ways to make investment purchases include:
The process for executing an online trade is as follows.
Regardless of the method you use to buy and sell equities, be sure that you fully understand the types of orders used to buy and sell. Be sure that when you make an offer to buy or sell you know when it will be placed and what costs are involved. Know what will happen if your offer is not processed immediately or if the market changes significantly before your offer reaches it. |