facebookHow do you actually buy stocks? Through a brokerage? So if I am linked up with a brokerage, I just hold my position for long? Does it mean im a share holder? How are then dividends paid to you? - Seedly

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Anonymous

09 Feb 2020

General Investing

How do you actually buy stocks? Through a brokerage? So if I am linked up with a brokerage, I just hold my position for long? Does it mean im a share holder? How are then dividends paid to you?

Discussion (7)

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Just open a brokerage account and hold longterm, the dividends land in your account automatically.

my thinking: https://seedly.sg/questions/what-is-your-genera...

Billy

19 Jan 2020

Development & Acquisitions Manager at Real Estate Private Equity

How do you actually buy stocks?

You buy stocks by entering a price you'd like to purchase the stock at, alongside the number of units you'd like to buy on the broker application

Through a brokerage?

That is correct

So if I am linked up with a brokerage, I just hold my position for long?

You hold your position until it reaches your Take Profit price or Stop Loss price and then you sell it.

Does it mean im a share holder?

If your broker account is CDP-linked then yes, you are a shareholder. If your broker account is Custodian account then no, your broker is the shareholder.

How are then dividends paid to you?

Dividends are paid to the bank account you link to your broker account

Broikerage firm

Yes

Yes

Yes

Bank transfer that you linked to your trading account

Lim Boon Tat

19 Jan 2020

Mathematics at Cambridge University

You need to sign up for a brokerage first, and if you're buying foreign stocks, you will need to fill in a couple of funds, wait for approval, before you can deposit funds into the brokerage account so that you can buy the stocks. Generally for foreign stocks, the brokerage will be holding the stocks for you (Custodian), and will pay out any relevant dividends to you.

I will answer your questions part by part:

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"**How do you actually buy stocks? Through a brokerag...

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