Sanjeev Nanda tips on How to Buy Stocks

3 Jun

Buying stock in a company is relatively easy once you’ve researched the stocks you’re interested in and have a broker or brokerage account to handle your purchase. Choose your stocks with care and research before you buy anything, but keep in mind that the stock market could crash at any time for numerous reasons.

Step 1 :

Educate yourself fully about stocks before purchasing them. You can find information about stocks and brokers on the Internet.

Sanjeev Nanda on how to buy stocks

Stock Exchange

Step 2 :

Determine what you want in a broker or brokerage account. Do you want to meet with someone face-to-face? Will you want to be able to reach someone by phone? Do you require Internet access? Is price your only consideration? Do you want to buy and sell only stocks, or would you also like to buy and sell mutual funds, bonds or foreign stocks?

Step 3 :

Choose a broker or brokerage firm to purchase the stocks on your behalf based on your needs. Need a lot of advice? Start with a full-service brokerage. The least expensive brokers may not offer advice. Fairly confident and want low prices? Try an online brokerage.

Sanjeev Nanda - Brokerage Firm

Brokerage Firm

Step 4 :

Contact a broker or firm and request an application. Many firms offer online applications, although most require that you send a check or wire money to actually open the account.

Step 5 :

Deliver a check in person if possible to speed up the process.

Step 6 :

Begin buying and selling stocks once your account is open.

Sanjeev Nanda on how to buy stocks

Buy & Sell stocks

Step 7 :

Review statements you receive and reevaluate your portfolio’s performance. Are you moving toward your investment goals?

Sanjeev Nanda Tip : It pays to be an investor more than a trader.

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