Now, it's actually time to go ahead and buy up that stock that you always wanted to buy!
After responsibly researching the stock it is time to work on actually getting that stock in your Portfolio.
It is quite easy, most brokers have a "trading" page of somesort that will allow you to purchase whatever stock you would ever want to.
But, there is some terminology that is quite important that you should learn.... Below is a vocab list that might help you along the way.
Fund: This can be a mutual, or any other kind of fun.
Execute: This means, Go ahead and BUY!
Buy: To purchase the stock.
Overweight: The stock is at a good level, but not as low as you would want to buy at nore would you want to sell at this level. This is normally something annalist's talk about.
Stop Limit: If the stock goes below say "---" price sell it. Depending on the broker this definition may vary...
Options: This involves buying stocks without money you have, tricky, so for the moment you will probably not be interested in buying stocks this way.
Order: Just like a restaurant you give the waitress an order, here you are telling the stock broker if you want mustard or ketchup.
Market Order: A type of order to buy the stock with that will buy it at whatever price it is at when you click "execute".
Limit Order: This is an order that says only buy if this stock is at or below this price.
These are a few, there are many more.
Do you have on you are wondering about? Add a comment and I will get you a good Definition!
