Uber Technologies (NYSE: UBER) is a ride sharing & delivery technology company with over 50 million monthly users on its platform.
The company generates the majority of its revenue via food delivery through Uber Eats and ride sharing via the Uber app.
In this article, I’ll show you how to buy Uber stock easily via your favorite brokerage account if you’re a first time investor.
Step 1 – Open a Brokerage Account
I recommend using brokerage accounts to buy stock because it’s easy and simple to track your investments online.
Uber stock trades on the NYSE so all you need to do is open an account, deposit money, and purchases shares during trading hours.
Here’s a few brokerage recommendations based on your needs:
- Best stock trading apps: Robinhood and Webull
- Best full-service brokers: Fidelity and eTrade
Once you select a brokerage account, complete your application and deposit some money to get started.
Step 2 – Add Funds to Your Account
Your next decision is to figure out how much money to add to your brokerage account. My suggestion is to start off with at least $100 if you’re a complete beginner.
If you have more money then deposit as much as you can. Every dollar you deposit now will grow and compound in your account well into the future. If you start investing early enough then you can pursue early retirement and retire by 40 unlike most of your peers.
Step 3 – Place Your Trade for UBER
Once your account is verified and funded, you must place a trade to buy Uber stock.
The NYSE operates like a any market where buyers and sellers come together. You can purchase Uber stock during normal NYSE trading hours from 9:30am EST to 4pm EST. Some brokers offer premarket and afterhours trading where you can purchase stock using a limit order before and after the NYSE closes.
The easiest way to buy Uber stock is to place a market trade for a number of shares then execute your trade.
- Enter the ticker symbol UBER into the trade box
- Enter the number of shares you want to buy
- Hit trade!
That’s it! You are officially an Uber shareholder.