Today we’re going to be showing you how to invest in stocks ETFs mutual funds, all those great things that you might want to be purchasing with your capital on investing accounts. The first thing you’re going to do is to log into your accoun. Once you’re logged in, you hover over the investment tab and you can go ahead and click the trade option.
Once you do that, it’s going to take you over to this screen where you can see currently highlighted stocks and ETFs. That’s going to be what most people are looking for with their investment. But there’s also the option to do multiple orders, this is for people that are looking to invest in multiple stocks and ETFs at the same time.
There’s also options orders that can be placed. Not a lot of accounts probably are going to have this particular investing need, you have to setup special requirements there to get that options trading. It’s going to be more for people that are going to trade more often and maybe do it as a career.
And then you also have the mutual funds options you can invest in as well. For this video, we’re going to do simple stocks and ETFs. First select your account, whether it’s your individual and retirement account, whatever it’s going to show you what the base Commission is portrayed.
For this account, it’s going to cost me six thousand ninety five cents per trade. I think that’s not per share, it’s just pour per trade that makes you be a hundred shares and be one share. It’s going to be that same base Commission. Obviously, the more money you invest per purchase, the less percentage that base Commission is going to be taking out of the total investment.
Then you have the option to either buy or sell your stock or ETF, we’re going to be buying and for the symbol. If you’re not sure what the symbol is for your company, you can click this fine symbol option here and search for a particular company, then it’s going to show you the results.
So let’s say we might want to invest in Google, so you type in Google and then this little search thing is going to do its work, and it says you will not return any results. That one didn’t work because Google actually renamed to alphabet. So when I type in alphabet, we get these two Google stocks that people are probably familiar with.
If you’ve invested at all, it can be a little finicky there with something like Google and alphabet. But let’s type in Facebook and then you can see FB coming up there. So it’s going to have to be in the name of the stock for it to show up, so you can’t just type in Google apparently and get the Google symbols.
Nonetheless, a useful tool there if what you’re looking for this, we’re going to do a ETF. I’m a fan of vti, it’s a solid total stock market index fund with very low fees. Now you can type in how many shares you want, let’s just say we’re going to do four shares and then you can also set whether you want to do a market order, which is going to purchase on whatever the current market is set for that particular ETF.
You can do a limit order which can help protect your investment, especially if you’re investing in stocks that are very up and down constantly with that limit, or you’re going to be protecting yourself by setting the price with which you want to purchase the stock.
What you can also do is to set a price you’re not willing to go over for investing, so that’s always nice for doing that limit order, then you can also do a market on close. So when the market closes, it’s going to do that investing for you. I’ll click on the limit, it also shows you that option as well.
There’s the limit option, it came up for me and then you can set that limit price, it’s a $24 share. So let’s say you want to purchase at 124 dollars and then you can do all or none investing, but that has to be on 100 plus shares. We only typed in 4 here, which is not going to apply us.
You can also set up the order expiration, it can be good till the end of the day, go to until cancelled. Most people are probably going to put good until cancelled, if they’re doing that limit order, you can cancel it whenever you want if it hasn’t been purchased yet. So we’ll do a market for the purposes of this video and then it’ll show you cash available for investing.
This is going to be the cash, that’s not in stocks ETFs, all those good things that are in your account. This is going to be money, that’s in a money market account. I only have two bucks there, because I’m not planning on investing with this account now. But you can also Express funding, which is going to be an extra fee so that you can invest without having that money in your account right away.
It’s going to bring that money over from your bank account. When you’re ready, go ahead and click that review order option. When you click on that, it’s going to take you over to the next page. Make sure you have enough funds in your account to cover the transaction.
And add that page, you’re going to confirm your order. If you’re ready to do so, your order is going to be ready to go. If you have any questions or concerns, you go ahead and throw those down in the comment section, I’ll get around to those when I get the chance.
In my next video, I’m going to show you how to set up a share builder plan, which is going to be automatic investing, which is going to be helpful for people that are looking to set up automatic investing in like their retirement account or something like that. So that’s going to be the next video. Thanks and we hope to see you in future videos. Bye.