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Home/Questions/Q 1073
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Asked: November 3, 20222022-11-03T09:49:56+00:00 2022-11-03T09:49:56+00:00

What is the first step in buying shares?

askqa
askqa Enlightened

Buying shares is a process that needs to be done in a simple way. Several steps are involved in this process, which you should know before buying the shares.

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  1. askqa Enlightened
    2022-11-03T09:51:36+00:00Added an answer on November 3, 2022 at 9:51 am

    First step: Before buying shares, you need to find out if the company has a public listing. This is because only listed companies allow for share purchases.

    Second step: Buying shares comes with certain risks and benefits. It would help to consider these risks before buying shares from an unlisted company.

    Third step: Once you have found out if the company has a public listing, it’s time to decide how much of your money to spend on each share and how many claims you want to buy.

    Step three: Once you’ve decided how much of your money to spend on each share and how many shares you want to buy, head over to a stock tracking app, such as Google Finance or any other one.

    This will allow you to see the current market price for the company’s stock. From there, it should be easy to precisely decide your maximum cost per share. You’ll also be able to figure out a fair price for your shares about the current market value of your business.

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