How to buy stocks online
In this article we will explain how to buy stocks for beginners, but even those who already know how to buy stocks online may find it interesting to learn about the option to buy stocks with your debit card.
How and where to buy stocks
The good news is that buying stocks online is easier than ever. As a result, almost everyone in the world can become an investor. However, you may be wondering where to begin. First, we’ll answer where to buy stocks online. The platform we reference is iBillionaire.
Where to buy stocks online:
- Download the iBillionaire App OR visit iBillionaire.com. There are two buttons to the right, one to download the app (on either iOS or Android depending on your device), and one to sign up on the web. Note that if you are investing with a debit card, you will need to use the Android app. Debit card investing is coming to iOS in early November, and to the website later this year.
Because of advances in technology and payment processing platforms, opening an account is a fast and best of all, paperless process.
The Three Things You Need:
- A bank account OR a debit card
- At least $5
- An iBillionaire account
Next, open an account.
How to open an account: A step-by-step guide
How To Open An iBillionaire Account
Have handy: your bank account info OR your debit card, and if you are from outside the U.S., a government-issued ID.
Open the app, and click "Open an account"
Enter your email address and create a password
Enter your first & last name, then click "Continue."
What is your phone number?
With the country code first, enter your phone number. We won't call you. This is just an SEC requirement.
Are you a U.S. Citizen? Click "Yes." If not, click "No."
(The next few steps will be slightly different depending on your country of citizenship.)
Are you living in the same country where you are a citizen?
You'll get this question if you are a citizen of a country outside the U.S.
If you don't live in your country of citizenship, select where you do live.
You'll get this question if you are a citizen of a country outside the U.S.
Where were you born? Select the country.
This question is for everyone. (We're asking all of these because they are required by the SEC to invest in the U.S. stock market, by the way.)
Start entering your address
Select it when it pops up in the suggestions below.
Confirm your address, then click Continue
Enter your date of birth, then click Continue
Choose the #1 thing you want from your iBillionaire account
It's good to think about your goals ahead of time. Also, this is an SEC requirement.
Choose the best description of your level of investment experience
Choose the best description of your risk tolerance
You can invest in whatever you like no matter what you choose, but it's wise to consider the risk of each investment. Also, this is an SEC requirement.
Select the range that your annual income fits into
We don't use this information. This is for the SEC.
Select the range that your net worth falls into.
Private questions, we know! These are for the SEC, not us.
Next answer how much cash you have readily available
Keep in mind that while they might feel intrusive, these questions are required to open any brokerage account in the U.S.
Do you have a day job? Choose the answer that best describes you
Enter the name of the company you work for and your job title
We don't contact your employer. This is solely to confirm that you do or don't work for a broker dealer, an SEC requirement.
If your answer to any of these is "yes," slide the dot to the right
(These questions are from the SEC in order to prevent insider trading. If you answer yes, you can still invest. The oversight will just be a bit different. For example if you work for a broker dealer, we will send trade information to your employer, as required by the SEC.)
If you're a U.S. Citizen, enter your Social Security Number
Your SSN is securely encrypted. Also, we never use this information. We ask it because the SEC requires it for all U.S. brokerage accounts.
International clients, you'll be asked to upload a photo of your ID. Then just one more step!
Head over to "Payment Methods" to link your debit card
U.S. Citizens, link your bank account. Everyone else, proceed to the next tutorial to see how to link an international debit card
We use a secure third party service that can link most U.S. bank accounts directly to iBillionaire instantly
If linking doesn't work, or you'd rather not, you can link via micro-deposits.
Click to check the "I'm not a robot" box
Select the photos that match the description given
Click on your bank, or select the option to see more
If linking your bank account doesn't work, you can authorize withdrawals using micro-deposits
It takes a day or two.
Next you'll log in to your bank directly in the app, and then pick where you want to receive a verification code
Then enter the code you receive
You're SO close now to being an investor on iBillionaire.
And you're done! Your account should be up and running within the next day
How to invest with your debit card: A step-by-step guide
How to Upload your Debit Card & Buy Stocks...
...From anywhere in the world! Once you create an account on iBillionaire, it's easy to link your debit card and start investing with just $5. You can link a debit card from just about anywhere in the world!
Click on "Settings" in the Android App.
Scroll to "Payment Methods" and click on it.
Select "Debit Card"
Select "Add Debit Card"
The debit card reader can pull your info automatically
Next, your camera will open and you'll see a screen with an option to fit your debit card in the designated rectangle. The debit card reader can pull your information from your card automatically, so you don't have to write it out. If it doesn't work, just hit "Keyboard" to enter your info by hand.
If the debit card reader didn't automatically pull your info from your card, enter it here. Then click "Take A Picture."
Glide your finger on the screen to white out sensitive info
White out everything but the last 4 digits of your card & your name
Confirm all of your info is correct
And that's it! Your debit card should be verified within the next day or two, at which point you can start investing!
What items will you need handy in order to open an account?
- If you’re a U.S. Citizen, your Social Security Number (an SEC requirement)
- For international accounts, a debit card (or you can also invest via wire transfer), and a government-issued ID (an SEC requirement)
- U.S. account holders will need the log-in details for your online bank account OR, your bank account number & routing number (to make deposits/withdrawals and automatically buy/sell investments)
- We’ll ask you if the company you work for is a broker-dealer, or if you or anyone in your family is on the board of a public company (an SEC requirement)
- You’ll also need to know details like your address, phone number, and annual income (these are SEC requirements)
Now we’ll answer how to buy stocks online without a broker.
How to buy stocks online – buy a stock or strategy
In just a few steps, you can buy a stock or strategy on iBillionaire.
- Once you’ve created an account on iBillionaire, select what you want to invest in, and click “Invest Now”
- Select the amount you want to invest
- Choose to invest that amount just one time, or repeat the investment every week, or every month. (We recommend repeating investments because doing so takes advantage of dollar-cost averaging. Dollar cost averaging is a method of investing at regular intervals instead of all at once. By investing the same amount at regular intervals, weekly or monthly for example, you automatically buy more when prices are down and less when prices are up.)
Now, if you are a beginner who doesn’t know what to invest in, keep reading.
How to buy stocks for beginners
If you’re a beginner, you should know that buying individual stocks is probably not the best investment strategy for you. Buying a more diversified low-cost ETF or a handful of ETFs is more suitable for beginners. Regardless, you use more or less the same process to buy stocks, ETFs, and many other investments.
Buying stocks online on iBillionaire involves the exact same process as buying ETFs and our other investment options. The investment options on iBillionaire fall into three main categories: Stocks, iBTFs (strategies similar to ETFs) and ETFs, and billionaire iBTFs.
Invest in any of the top stocks on our platform. If there’s a stock you don’t want to invest in that is not on the list, you can always reach out to us.
Stocks to choose from include these and more:
While iBTFs are similar to ETFs, they have the added benefit of zero added fees (meaning there is no expense ratio). In the same way as ETFs, iBTFs invest in industries, trends and themes, for example:
- Marijuana Stocks
- Blockchain Companies
- Green Energy
- Health & Fitness
- Space Exploration
- Make-up, Beauty & Anti-aging
Most investment apps won’t disclose ETF fees to you. If you look closely, you will see that their strategies invest in ETFs, but it’s up to you to research the additional fees and decide if the investment is right for you despite the added cost. Not at iBillionaire! We want to be completely up front with you. The strategies that invest in ETFs and the fees they charge are:
- S&P 500 (SPY): 0.09%
- 3X S&P 500 (SPXL): 1.04%
- Energy (VDE): 0.10%
- Invest Ethically (SUSA): 0.25%
- Conservative (50% SPY & 50% AGG): 0.09% & 0.05%
- Women (SHE): 0.20%
- Dividende (SDY): 0.35%
- Bonds (AGG): 0.05%
- Gold (GLD): 0.40%
- Lithium (LIT): 0.75%
- Emerging Markets (VWO): 0.14%
- Brazil ETF (EWZ): 0.62%
Also note that a few of our strategies include partial investments in ETFs, such as Moderate, Growth, and China Tech. These strategies are mostly invested in single stocks, so we didn’t include them, but they are there. Email us if you have any questions.
The billionaire strategies are one of iBillionaire’s unique features. With the billionaire strategies, every investor can invest in portfolios of stocks chosen by billionaires.
How? Every quarter, iBillionaire analyzes the investment positions and decisions of billionaires. The same stocks that the best investors in the world invest in, are placed into each billionaire strategy, so you can invest in them too, at a fraction of the cost, and in just one click, without an added expense ratio of an ETF.
Every quarter, iBillionaire automatically updates your portfolio to include only the latest stocks that the billionaires are investing in, at no extra cost.
The billionaire strategies include:
- The Billionaire Mix Strategy
- Warren Buffett
- Carl Icahn
- David Tepper
- Bill Ackman
- Dan Loeb, and more.
Another simple investment option is ready-made portfolios: Conservative, Moderate, or Growth
We also offer three strategies that are designed for investors who don’t want to choose specific investments, they just want to start investing. For those investors, we often recommend one of these:
This portfolio is a 50% / 50% portfolio of bonds and stocks. It invests 50% in a U.S. Government and Corporate Bonds ETF, and 50% in an S&P 500 ETF. We only recommend this strategy for investors over 50 years old.
This is a long-term (20+ years) strategy appropriate for anyone under 50 years old. A diversified portfolio with 45% high risk investments, 30% medium risk investments, and 25% low risk investments. Specifically:
- Government & Corporate Bonds: 15%
- Short-Term Government & Corporate Bonds: 10%
- S&P 500 Stocks: 10%
- Small Cap Stocks: 10%
- Developed Market International Stocks: 10%
- Amazon: 10%
- Apple: 10%
- Square: 10%
- Commodities (Natural Resources): 10%
- Emerging Market Stocks: 5%
This is a long-term (20+ years) strategy appropriate for people under 40 years old. It’s a diversified portfolio of 60% high risk but high growth potential stocks, 5% bitcoin, 20% S&P 500 ETF, and 15% in U.S. Government and Corporate Bonds. We only recommend this strategy for people comfortable with more risk, likely those who are also investing in individual stocks and other investments of their own choosing.
We hope this guide on how to buy stocks for beginners helped you. Please feel free to contact us at firstname.lastname@example.org or reach out to us on social media if you have any questions.