Yes, you can sell or buy stock by yourself. You simply open an account online with a company like Charles Schwab, Fidelity, TD Ameritrade, Scottrade, E-trade these are just examples, not recommendations, there are many other places to open a brokerage account. The fact that you are "new to this" is a huge red flag.
I highly recommend you speak to a qualified advisor before making your first investment purchase. Also, if there was only one book I could recommend to a new investor it would be The Intelligent Investor by Benjamin Graham. Smart investing can be highly satisfying so take it slow, do your research, and seek out an advisor that has your best interest in mind. Everyone's new to investing in stocks at some point - good for you to ask this very basic but important question right up front!
The short answer is, yes you can. However, there is also the question of should you buy stocks in individual companies, which I'll cover later. In terms of buying a stock yourself, the easiest way to do so is to open up a brokerage account with a discount provider such as Charles Schwab or Scottrade. For thinly traded shares small companies that average few shares traded per day , consider putting a Limit Order in place to make sure you don't pay a premium.
Here's a link that talks about what Limit Orders are:. By buying shares in the ETF, you are effectively buying stock in dozens, if not hundreds of different companies and spreading out your risk rather than putting all of your eggs in one basket. I personally no longer buy shares of individual stock for this very reason and recommend the same to all of my clients. Yes, you can absolutely do that, investing and managing on your own.
There are many things to consider when you invest on your own: Your specific goal will direct you in selecting what kind of stocks you need to own.
Depending on where you invest, the dividends and capital gains can either be taxed or not at all. Until you have the time to study the investment journal, how can you be sure you have the most diversification to reduce the investment risks? Those are just some initial questions for you to consider. You can always buy or sell stock without a brokers assistance.
This is why there are discount brokers so you can place trades at a minimal cost and skip the broker advice and commissions. Buying and selling a stock is not rocket science, but you need to know the rules and expectations of you and your trade. Some let you take their platform for a free trial. Also, if you want to buy a mutual fund looking at one of the bigger companies Vanguard, Fidelity etc,. You can certainly give the instruction to buy or sell a given stock on your behalf.
Your cash and any shares you own are generally held by a custodian such as Charles Schwab, Scottrade, TD Ameritrade, etc. Visit one or more of those sites and open a practice account--no real money is needed! Try out the system for yourself. Once you become comfortable and after you do plenty of research, you may want to buy and sell. I hope that helps. Most Helpful Most Recent. Moerdyk, Wyatt Boerne, TX.
Hope that helps, and happy investing! Schedule Consultation Was this answer helpful? Rowan, Dave Bethlehem, PA. Here's a link that talks about what Limit Orders are: Good luck with getting started! With Kind Regards, Dave. Swanger, Rose Knoxville, TN. Hello, Yes, you can absolutely do that, investing and managing on your own. Mesler, Ronald Boise, ID. Great question for Investopedia! Investopedia does not provide tax, investment, or financial services.
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