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Many investors buy stock online, through an investment account at an online broker. You can also buy stock through a full-service broker, and some companies allow investors to buy stock directly.  Buying a stock — especially the very first time you become a bona fide part owner of a business — deserves a celebratory ritual.

But before you pick out a shareholder party hat and rent a ticker tape confetti cannon, you need to know the basic process for making this investment. Below is a five-step guide to how to buy stocks, from opening a brokerage account to placing your first stock order.  Steps

  1. Step 1: Open an online brokerage account

  2. Step 2: Select the stocks you want to buy

  3. Step 3: Decide how many shares to buy

  4. Step 4: Choose your stock order type

  5. Step 5: Optimize your stock portfolio