How to Buy Ford Stock (F)
Ford stock is one of the best automaker stocks to hold over the long run. In this article, I will show you how to buy F stock depending on which country you live in.
Buy F Stock in 5 Easy Steps
- Decide how much money you want to invest
- Open a brokerage account that lists Ford shares
- Make a deposit into your brokerage account
- Research Ford Stock
- Place an Order to Purchase Ford Shares
How Much Money Do You Need to Buy Ford Stock
Only invest money you can afford to lose. There is no guarantee Ford stock will soar although I don’t recommend betting against one of the world’s most valuable auto companies..
I always recommend starting off with at least 100 shares if you can afford to. 100 shares lets you sell covered calls on your position to generate extra income.
If you cannot afford at least 100 shares then choose a dollar amount that’s comfortable for you.
You can always sell other stocks or crypto to get extra cash. Start a side hustle or job to make more money so you can buy as many F stock as possible!
Open a Brokerage Account
Opening a brokerage account is the easiest way to buy F stock without any hassles. You need to choose the right broker depending on which country you live in. Some brokers only accept U.S. residents while others support several different countries. Here’s a few recommendation based on your location:
United States
Canada
Europe
Make a Deposit Into Your Brokerage Account
Most brokers offer simple deposits via your checking or savings account. Link your bank account and make sure you have enough funds to cover your transfer.
If you don’t have enough funds then your trading account will be disabled until you remove the restriction. You cannot buy stocks with a restriction so monitor your bank account to ensure there is enough money there.
Research The Company
If you’re new to F stock then read the company’s latest quarterly and annual reports on the official Ford IR website.
You can also join Facebook groups and subreddits to connect with other Ford investors.
Place an Order to Buy Apple Stock
Search for “F” stock once logged into your brokerage account and select “Buy”.
There are 2 types of commonly used order types: market and limit.
A market trade will execute immediately during open market hours at the current price. This is the easiest way to buy F stock if you aren’t concerned about the price.
If you want to possibly get in cheaper then use a limit order with a lower price. The only problem is F stock could go higher and your limit order may never get executed.
Summary
That’s it! I hope you enjoyed my guide on how to buy Ford stock for beginners.
If you live in a different country from the ones listed above, please let me know in the comments below.
