how do i get into owning shares of this stock?

this would be my first purchase

Answers

jillybeansisme answered a question in General Market.
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jillybeansisme answered one month ago …

First of all, you never mentioned which stock, so I don't know if it is currently trading, private and about to IPO or what!

To purchase any stock, you would first need to open an account with a brokerage firm. There are many from which to choose. You have to fund the account you open (put money in it). Then you make your trade, usually online. If you have a broker place the trade for you, commissions will eat you alive; whereas, if you place the trade for yourself online, the commissions are reasonable (depending on the brokerage firm). You simply input the symbol, the number of shares you want, how you want the trade placed (market order or limit order), hit the button, usually confirm it, and then you are done.

If it is an IPO, which hasn't opened yet, then you would have to get with a participating brokerage firm and make a sizeable deposit because you usually have to commit at least $10,000 to the IPO. I could be incorrect, but I think you also have to commit to NOT selling the IPO for a certain amount of time.

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