Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

If I want to invest $5,000 in the Stock Market, how do I go about it?

Never done it before.

13 Answers

Relevance
  • B
    Lv 7
    1 month ago

    go to schwab.com or fidelity.com

  • 1 month ago

    Stock markets at or near all time highs. Maybe the best thing is to hang onto the cash and wait for a market correction. This has the added benefit of giving you time to do some research. 

  • 1 month ago

    Call Morgan Stanley and talk to them.

  • 1 month ago

    To start buying or selling stocks, you should open an account with a brokerage house such as Charles Schwab, E-trade or TD Ameritrade.

    You must have money in your account before you can buy shares online. They will give you a password to access their online trading site. You select the stock you wish to buy (or sell) and place your order with the brokerage either by phone or online electronically. During the business day, the brokerage makes the trade for you, usually within seconds. They charge you a fee for each trade, typically 6 to 10 dollars to buy or sell a “lot” of 100 shares. Of course, you can buy fewer than 100 shares if you wish.

    The shares that you buy are kept on file at the brokerage. Many companies no longer issue certificates for brokerage stored shares but keep track electronically.

    When and if your company issues a dividend, the money goes directly to your account.

    You can get more information at the brokerage websites.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 month ago

    i would talk to someone that does it and ask them how to do it

  • 1 month ago

    Pick an ETF that spreads your investment across all Fortune 500. You'll be diversified instantly. YOU WILL have ups and downs; but you'll be ahead after 5 years.

  • 1 month ago

    you will need $5000.......................

  • Dr. D
    Lv 7
    1 month ago

    You'll need to open a brokerage account. Contact either Fidelity Investments, Charles Schwab, or Vanguard. Initially your money will be deposited in a money market. Then you select a stock, mutual fund, or ETF for your investment. The money for your investment will be transferred from your money market. When you sell your investment the money will roll back to the money market. 

    Most financial advisers will tell you to invest your first $10,000 in an index fund like the S&P 500.

  • Anonymous
    1 month ago

    Open an account with an online brokerage: Schwab, Fidelity, TDAmertrade are some of the big ones.  Vanguard is another one especially if you want to buy Vanguard's mutual funds.

    Deposit your $5k with them.

    Decide how you want to do it: mutual funds, individual stocks, bonds etc.  If you have a long term horizon (which you should to invest in stocks, like 5 years +), start out with a broad based mutual fund like the ETF (stock symbol VTI) for Vanguard's total stock market index.  You could also buy their mutual fund but some online brokerages will charge to buy Vanguard's mutual funds.

    Do not get into the stock market if you expect to need this money in a couple of years for college, a car, etc.  Why?  Because if the market goes down (and it will at some point), that is not the time you want to have to sell.

  • Judy
    Lv 7
    1 month ago

    You need to open a broker account, decide what you want to invest in, then ask the broker to buy it for you.

Still have questions? Get your answers by asking now.