Stock Markets Exposed

Online Stock Broker Automatically Calculate Number Stocks by Amount of Money want to Invest?

Is there Online Stock Broker that Automatically Calculate Number Stocks by Amount of Money want to Invest, so you wouldn't have to calculate number of stocks yourself? Can someone give examples?

Public Comments

1. Many firm's on-line system will permit you to enter a dollar amount rather than a share amount but they cannot be held to their calculation because of the speed in which the market changes. There are only few order entry edits that a system can run, before the firm runs into a compliance problem. If it is a problem for you to calculate the number of shares you want to buy, you should not be trading or investing.
2. One online broker that will accept stock orders based on the amount of money to be invested is sharebuilder. You first deposit the funds into your account, place an order to buy, and you will receive the market price on the day purchased. They charge a fee of $4, subtracted from your order. So, if you deposit $100, and place an order for AABB company, they will buy $96 worth on the day of purchase. You will have both whole shares and partial shares then in your account.