Yes, you can definitely buy and sell your own stocks.
When buying or selling stocks on your own I always recommend that people use an online brokerage platform. There are a few that offer really great services like; Vanguard, Schwab, Scottrade and also Fidelity.
If you're new to investing you can also purchase securities directly through a broker. The advantage to doing things this way is that you will have someone that you can consult with and make sure that your stock picks are in line with your risk tolerance and investment time horizon. The downside is, when you work with a broker you have to pay brokerage fees.
People who pick out individual stocks love the do-it-yourself capabilities of the above online brokerage services. So if you're concerned about something like fees, then this may be a really good way to cut down on paying extra fees and expenses that one would normally incur working with a broker.
Great question for Investopedia!
You can certainly give the instruction to buy or sell a given stock on your behalf. Share of publicly traded companies are generally traded on exchanges such as the New York Stock Exchange (NYSE). Your cash and any shares you own are generally held by a custodian such as Charles Schwab, Scottrade, TD Ameritrade, etc. ou simply give the instruction to buy or sell to the custodian. 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. Good luck!
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.) After opening your account, you will deposit money usually by linking your checking account, and then you're ready to use that money to buy the stock you want.
However, do not equate the ease of opening an account with the ease of making good investment decisions. 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.
Hope that helps, and happy investing!
Yes, you can absolutely do that, investing and managing on your own. Before I became a financial professional, I used to be a DIY investor myself. It’s both exciting and nervous because you know you can do the trades by click a button but you are not sure if you made the right one.
There are many things to consider when you invest on your own: 1) What’s your goal--generating a great investment return, income, or both? Your specific goal will direct you in selecting what kind of stocks you need to own. 2) What’s the investment vehicle, taxable, tax-deferred, or tax exempt to hold your investment? Depending on where you invest, the dividends and capital gains can either be taxed or not at all. If you’re already in a high-tax bracket, you may accidently have to pay an extra 3.8% net investment income surtax should you chose the wrong vehicle to invest. 3) Are you diversified enough, or are you putting all the money in one basket? 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. There’s nothing wrong to be a DIY investor, but sometimes a professional’s second opinion is worth more the cost for that conversion. Best!
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. The real question you need to answer is "do I want and feel comfortable to go it alone?" Trading is pretty easy, but is trading by your self the right course for you? Buying and selling a stock is not rocket science, but you need to know the rules and expectations of you and your trade.
Before signing up with a discount broker, I suggest you understand your objectives, risk tolerance, time horizon, have a buy and sell strategy and understand what you want from the on line broker (Research, charts, company info, execution needs, exact costs and payment terms) as well as assistance/ help if you have questions or problems, and many other items besides costs. There are a number of big companies that are well know that make it pretty easy to open, fund an account and start trading. Usual costs are $5 to $20 per trade, with most somewhere around $8. Comparison shop a few of the firms and narrow down the selection to one that you feel comfortable and matches your needs. 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,.) allow you to trade many of their funds or Exchange traded funds for no cost.