WEBVTT - How to Buy Stocks

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<v Speaker 1>Earners. What's up.

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<v Speaker 2>to you by P and C Bank, a lot of

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<v Speaker 1>So, how to.

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<v Speaker 3>Start investing in stocks? And the three of us get

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<v Speaker 3>this question all the time, so we wanted to lead

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<v Speaker 3>with that, and we want to break it down as

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<v Speaker 3>simply as we can. And so first, you need a

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<v Speaker 3>brokerage account. What is a brokerage account?

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<v Speaker 1>Okay?

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<v Speaker 3>A brokerage account, simply guys allows you to buy stocks, sales, stocks,

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<v Speaker 3>invest okay. And so some of the more notable names

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<v Speaker 3>you might know of or be familiar with, or you

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<v Speaker 3>may not be Vanguard Fidelity. Those are two ones that

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<v Speaker 3>has just been around for the test of time. Now

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<v Speaker 3>and if you are thinking long term, these two entities

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<v Speaker 3>are ones you want to consider. Fidelity Vanguard you want

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<v Speaker 3>to think about once I do take this step to invest.

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<v Speaker 3>Let me open up a Fidelity account, let me open

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<v Speaker 3>up a Vanguard account. You want to start there with

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<v Speaker 3>the premise in mind that you are thinking long term.

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<v Speaker 3>Then you have everything from more newer apps, more user

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<v Speaker 3>friendly like robin Hood, we Ball, interactive brokers, Tasty Trades,

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<v Speaker 3>to name a few. So listen, guys, it starts with

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<v Speaker 3>before you can invest, you have to have a brokerage

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<v Speaker 3>account to even deploy your money too.

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<v Speaker 1>Okay.

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<v Speaker 3>And this is lateral from your job. This is separate

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<v Speaker 3>from whatever you are getting at your place of employment.

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<v Speaker 3>This is this is on you. The book came out,

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<v Speaker 3>We're going to make sure this book become a number

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<v Speaker 3>one bestseller. You deserve. This is about you. This is

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<v Speaker 3>about you, guys. Okay, And so you need to make

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<v Speaker 3>sure you have your own brokerage account. You're doing your

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<v Speaker 3>your own investing. You're taking your you taking your own

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<v Speaker 3>finances and affairs in your hand. Okay, next up.

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<v Speaker 1>I'll take it.

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<v Speaker 4>I'll take it even step further too, because I want

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<v Speaker 4>to kind of expand on that a little bit because

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<v Speaker 4>for some people like to even why investing is important

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<v Speaker 4>on what a stock is, right, Like we talk about

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<v Speaker 4>stocks as far as that's ownership and private companies and

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<v Speaker 4>in this public companies, right, So the public companies, anybody

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<v Speaker 4>can own it like Tesla, like Microsoft.

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<v Speaker 1>A private company is like earn your leisure where only

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<v Speaker 1>we own it. Right.

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<v Speaker 4>So it's important to invest in these public companies because

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<v Speaker 4>as their value goes up, your investment going to go

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<v Speaker 4>up over the course of time as well. Right, So

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<v Speaker 4>the only way we took about inflation, the only way

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<v Speaker 4>to beat inflation is to actually invest, right, because that's

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<v Speaker 4>how your money is actually working for you over the

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<v Speaker 4>course of time. But another question that I get about

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<v Speaker 4>the brokerage is like even like how to set it up,

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<v Speaker 4>and it's it's really not too complicated.

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<v Speaker 1>Guys, like you go to the app store and you.

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<v Speaker 4>Download Charles Schwab is another one, or you download Fidelity

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<v Speaker 4>and all of these these these apps and platforms have

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<v Speaker 4>similar type of things where you just got to fill

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<v Speaker 4>in your information. So they have to it's called like

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<v Speaker 4>know your customer, right, so they're actually you're like your

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<v Speaker 4>social the actually your number, your email. You have to

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<v Speaker 4>provide this information. Guys like you can't try to, I ain't.

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<v Speaker 4>You gotta provide You gotta provide information. Yeah, and then

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<v Speaker 4>from there you link your bank account to it. This

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<v Speaker 4>is important for people to fully understand as well, because

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<v Speaker 4>they're like, well, how do I get money into the account?

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<v Speaker 1>Right? I gotta fund it.

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<v Speaker 4>You link your bank account to it, and then you

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<v Speaker 4>fund it, and then that that funding goes both ways.

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<v Speaker 4>So you put money in from your bank account, or

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<v Speaker 4>put two thousand dollars for my bank account into Fidelity,

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<v Speaker 4>and then when it's time to move for money from

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<v Speaker 4>Fidelity to your bank.

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<v Speaker 1>Account, vice versa, vice versa.

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<v Speaker 4>But where it's hell that this is important but our

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<v Speaker 4>retirement can.

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<v Speaker 2>I give them a hack from what you just said.

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<v Speaker 2>This is important too because that transaction time. It can

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<v Speaker 2>if you're a new customer, that might take five to

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<v Speaker 2>seven days. And so for us having money that we

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<v Speaker 2>sent and we don't know where it's going and it's

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<v Speaker 2>taking five to seven days. Is a new account opening

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<v Speaker 2>you could fill a little ankst especially, but what you

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<v Speaker 2>can do right and this is and this is a

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<v Speaker 2>good tip.

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<v Speaker 1>I use e trade and so when e.

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<v Speaker 2>Trade, I found out the wire instructions, right, so when

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<v Speaker 2>I get the all your instructions that come from e trade,

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<v Speaker 2>now when I send the money. Right, let's say I'm

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<v Speaker 2>sending five thousand dollars to my E trade account that's

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<v Speaker 2>going to get there within thirty minutes rather than waiting

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<v Speaker 2>five to seven days. And so yes, you can do

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<v Speaker 2>the AH transfers with take three to five or maybe

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<v Speaker 2>five to seven if it's your new account, or you

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<v Speaker 2>can get your broke which is wire information, and have

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<v Speaker 2>that money expedited because five to seven days in the

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<v Speaker 2>market can change a lot. Right, like we saw over

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<v Speaker 2>the past week, right on Monday's south By Friday, you

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<v Speaker 2>could have lost a lot or you could have gained

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<v Speaker 2>a lot. So you want to make sure that your

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<v Speaker 2>money gets there in expedited fashion. Why in transfers is

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<v Speaker 2>another way that you can you can hack that.

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<v Speaker 1>Then the last day I say before we move on, is

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<v Speaker 1>that I used to get this a lot.

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<v Speaker 4>When people are talking about their four one ks, they'll

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<v Speaker 4>have a four one K, the money's coming out of

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<v Speaker 4>it that they're checking it. Their money's coming out of

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<v Speaker 4>their paycheck, and they automatically assume that it's being invested.

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<v Speaker 4>I asked, like, what are you investing in? They're like,

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<v Speaker 4>I don't know, did not see their statements, and they're

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<v Speaker 4>not actually invested in anything. When your money goes into

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<v Speaker 4>a broken account, it goes into what's called.

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<v Speaker 1>The money market.

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<v Speaker 4>That's like a six's account pretty much for a brokerage account,

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<v Speaker 4>like it's sitting on the sideline. You have to direct

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<v Speaker 4>where the money's going. So the next thing we'll talk

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<v Speaker 4>about like actual investments. But don't think that. Okay, I

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<v Speaker 4>opened up a Fidelity A link it to my Chase

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<v Speaker 4>bank account. I put two thousand dollars from Chase into Fidelity,

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<v Speaker 4>and now I'm invested into the stock market. That's not

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<v Speaker 4>you're not int But like I said, that how it works.

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<v Speaker 4>That actually happened. Like I said, I see, I see that.

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<v Speaker 4>What I saw that with retirement when I was a

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<v Speaker 4>financial bid, I used to see that with retirements people

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<v Speaker 4>have money they used to have like twenty fifty thousand

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<v Speaker 4>dollars into their retirement.

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<v Speaker 1>Account because they didn't. They didn't.

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<v Speaker 4>They would never fully educated that you had to pick something,

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<v Speaker 4>and they just the default for their retirement plans was

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<v Speaker 4>a money market account until they decided what they wanted

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<v Speaker 4>to do with the money. They never decided what they

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<v Speaker 4>wanted to do with the money, and the money was

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<v Speaker 4>not growing. It's not a money market is not invested right,

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<v Speaker 4>that's like a like zero, it's sitting on it's sitting

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<v Speaker 4>on the sideline side. That's just important. Just because you

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<v Speaker 4>open it, you put it in. Now from there, you

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<v Speaker 4>have to actually put into it.

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<v Speaker 1>That's a fact, Chris.

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<v Speaker 2>I'm gonna go back up to this slide where we're

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<v Speaker 2>looking at the brokerages. Yeah, is there one that you

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<v Speaker 2>prefer all the other or is this case by case?

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<v Speaker 2>Like I know, each trade is not on there. Everybody

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<v Speaker 2>euyou knows. I love E trade, but I'm using trade

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<v Speaker 2>so not because for informational purposes. It's easier for me.

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<v Speaker 2>I love the way that we can get information. Is

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<v Speaker 2>there is there one that is preferred the.

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<v Speaker 3>Other Vanguard for long term, I prefer for strictly long

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<v Speaker 3>term and or Fidelity. You can't go wrong if that's

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<v Speaker 3>the mindset. I'm buying holding this for at least ten years.

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<v Speaker 3>Vanguard and Fidelity are phenomenal. E Trade robinhood in one finance.

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<v Speaker 3>Some of those other ones are good too, because they

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<v Speaker 3>provide even more information and news and other things that

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<v Speaker 3>it is helpful to the user. So there's no order.

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<v Speaker 3>But except for the long term piece, Fidelity and Vanguard

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<v Speaker 3>are the ones you not trying to trade in. Those

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<v Speaker 3>will Vanguard at least, you're not using that to be

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<v Speaker 3>a trader. You're trying to your purpose intently trying to invest.

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<v Speaker 5>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>Sponsored by the United States Department of Homeland Security,