How to buy stock on Charles Schwab website?

To buy stocks on Charles Schwab, login to your Schwab account.

https://www.schwab.com/

Click on Trade in the top bar.

1- Click on Trade and stocks and ETFs
1- Click on Trade and stocks and ETFs

Click on Stock and ETFs.

2 The steps to purchase a stock
2 The steps to purchase a stock

Make sure the account you want the stock to be in is displayed otherwise, select it from the account drop down menu.

It should display the cash available in that account.

It will not take into consideration any purchase commitment previously made but not yet fulfilled. On your investment spreadsheet, you should track your stock purchase requisitions to know how much cash you have left to purchase more stocks.

Open your stock investment worksheet.

Look for the company you want to purchase.

Type the stock symbol in the search box.

When to buy a stock?

3 Enter the stock symbol in the search box
3 Enter the stock symbol in the search box
4 click on the company from the suggestion window
4 click on the company from the suggestion window

Compare the stock current price or last day traded price to its 52 weeks low and high.

5 Compare the current price to 52 weeks low and high
5 Compare the current price to 52 weeks low and high

If the stock price is closer to the 52 weeks low more than it is to the 52 weeks high, you could place an order.

How to place your stock order?

6 Place the order
6 Place the order

Under Select action, choose “buy”

7 Choose but the quantity and the price
7 Choose but the quantity and the price

Under Quantity, enter the number you want to purchase.

Order Type: Select “Limit”.

Set the price you want to pay for a share.

When you set a “Limit” for that price, that means you don’t want to pay more than that for a share of the stock.

Timing: You could choose day only or good until canceled.

If you check day only, if the price doesn’t go as low as you set your buying price, and the stock is not purchased that day, your purchase requisition will expire. You must place the order again the next day or another time. If you like the price you set, you could select “good till canceled”. It will display how many months that order is valid for.

Check the box to reinvest the dividends.

8 click on review order
8 click on review order

Click on Review order.

9 Review your stock purchase order
9 Review your stock purchase order

Review your purchase order.

Make sure the account displayed is the right account you are purchasing it from.

10 Click on Place order
10 Click on Place order

Click on Place order.

11 You just place you stock purchase order
11 You just place you stock purchase order

Record your purchase order in your investment workbook.

13 Record in your investment worksheet
13 Record in your investment worksheet

You just placed an order to purchase some shares in a company stock.

12 Your stock purchase order
12 Your stock purchase order

How much does Charles Schwab charge to buy a stock?

Charles Schwab doesn’t charge a fee for most stocks you want to purchase at this present.

There are some stocks with ADR at the end that might charge you a fee. Also, if you purchase stocks from over the counter, you might be charged a fee. Either way you will see a fee applied through the buying process and you can change the stock you want to purchase and purchase another one you are not charged a fee for.

What is the minimum stock purchase?

The minimum stock purchase is 1 share of a stock. The price per share varies per stock.

Conclusion: 1-How to buy stocks on Charles Schwab?

The video explains step by step how to place an order to buy a stock on Charles Schwab.

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