How to Buy Share:
Primarily he needs help from a broker who is licensed to buy a share in his name. You need to know what type of broker is right for you.
There are four basic categories of brokers available today, ranging from the cheap and simple to the more expensive brokers offering full service and deep financial analysis, advice, and recommendations order takers: brokers/discount, discount brokers who receive assistance, Complete online service brokers or money managers.
How to Buy Shares: Categories of brokers
Online/discount brokers are basically just order takers and provide the least expensive way to start investing and it is not usually an office to visit and not certified or advisors to help financial planners. The only interaction with an online broker is through the telephone or online. The cost is usually based on a transaction or base per share(stock), which allows you to open an account with relatively little money. An account with an online broker allows you to buy and sell stocks(share) / options instantly with just a few clicks. Since these types of brokers provide absolutely no investment advice, stock(share) suggestions or any type of investment recommendations, you are on your own. The only help they receive is technical support for the online trading system. However, online brokers typically offer investment-related links to websites, research, and resources, but these are usually third-party providers. If you feel you are well informed enough to take on the responsibilities of managing your own investments or want to learn to invest without making a large financial commitment, this is the way forward.
Discount brokers to buy share
Discount brokers with assistance are basically the same as online brokers, with the difference that you are likely to charge a very small price to pay for the additional account help fee. This help, however, is often nothing more than offering a little more information and resources to help with your investment. They can be the same companies as their basic agents/discount accounts offer online or upgradeable services. However, they do not give any kind of advice or investment advice. For example, they can offer more research and inform about the company or publish investment bulletins with investment advice.
Full-service brokers to buy share
Full-service brokers are traditional stock(share) brokers who take the time to sit down with you and meet personally and financially. They look at factors such as marital status, lifestyle, personality, risk tolerance, age (time horizon), income, assets, debts and more. Full-service brokers then work with you to develop a financial plan that best suits your investment goals and objectives. They can also help with estate planning, tax advice, retirement planning, the budget and any other type of financial advice, hence the term “full service”. They can help you manage all your financial needs now and for the rest of your life, if necessary. These types of riders are for those who want everything in one package. In terms of fees, they are more expensive than discount brokers, but the value of having a professional financial advisor by your side may be well worth the additional cost – usually, accounts can be set up with as little as $ 1,000
Money managers are like financial advisers, but they can have full discretion on behalf of a client (hence the term “administrator”). These highly qualified professionals generally handle very large money investment portfolios and, therefore, strong management load rates based on assets under management and not on the transaction. They are, basically, for those who have significant income, prefer to pay someone to fully manage their investments while playing golf. Minimum account balances can range from $ 100,000 to $ 250,000 or more.
For those interested in learning what stock(share) trading is all about without having to spend hundreds or thousands of dollars, you can sign up for a free Investopedia Simulator account. It is a simulated online broker account for users in the United States, given $ 100,000 in gambling money to practice investment strategies or simply to learn how real stock(share) trading options and options at market values