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Buying Facebook stocks?
03-24-2014, 11:28 AM
Post: #1
Buying Facebook stocks?
I heard something that you can buy facebook stocks soon. How would I be able to get it? Do I have to go to a stock broker or just can get them over the internet?

If I go through a stock broker do I have to pay a fee or set up account or just tell I jus want to buy that one stock...

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03-24-2014, 11:38 AM
Post: #2
 
You can get them however you have to wait until they come out on the market unless you buy private units (which are tough to get). You can set up an account on a trading website or talk to a broker. Both charge commission and some charge account set up as well so you will have to compare the fees for yourself.

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03-24-2014, 11:42 AM
Post: #3
 
You DO NOT have to use a stock broker but you must use a brokerage firm (broker/dealer).

Assuming you're 18 years of age, you go to any brokerage firm's website and open an account.
Once you have the account open, (which will assign you an account number) you send in your check (with your account number noted on it) and then you can buy any stock you want

Yes, most security transaction involve a fee, especially if you are buying facebook.
And yes you must establish an account with the brokerage firm in order to enter into any transactions even if it is only a one time deal.

Keep In min that Facebook is an initial public offering (IPO) you will not buy the stock at that price, you will have to pay whatever the market is at the time you purchase it. The IPO is sold out so all buyers will be buying in the market just as you will have to do.
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03-24-2014, 11:49 AM
Post: #4
 
No matter what you will have to pay commision on the stocks you buy. Go through your bank or sighn up for an online brokerage. But through your bank can be done online as well. I don't suggest playing the stock market if you don't have much knowledge about it.
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03-24-2014, 11:52 AM
Post: #5
 
The IPO (initial public offering) is scheduled for May.
You have to have a brokerage account to trade stock.
You stand ZERO chance of getting in on the IPO. That is reserved for major customers of the underwriting brokerage firms. Unless you have several hundred thousand dollars sitting around.
Lastly, you would be one of many suckers to buy the most overpriced IPO of the past decade. And that says a lot. Groupon (down 20% since the IPO), GM (down 20%) and Linked In (down 30%) were a few others that attracted a lot of suckers.
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