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You don’t need a lot of money to invest in the company. The retail giant has various ways for investors to purchase their stock, each with its advantages, drawbacks, and affordability.

Let’s jump right in with all you need to know!

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Using an online brokerage, you can buy stocks on your own or engage a Robo-advisor or financial advisor to do it for you. The best approach will be the one that fits how much time and effort you want to devote to managing your finances.

Let’s consider the various options that investors have.

Online Brokerage Account

When choosing an online brokerage account, it’s important to consider what kind of investor you are: do you want access to research tools? Are you looking for a specific type of investment vehicle? Do you want help with taxes? When choosing an online brokerage firm, many variables are at play that can help guide your decision-making process.

You can open an account with various companies, and they’ll all have different fees and policies. Some charge monthly fees, some charge per-trade fees, and some offer IRA accounts while others don’t allow them. In addition, some brokerages have no commissions or fees. So, choose a brokerage that best suits your financial goals and needs.

Buy Fractional Shares

Using a Financial Advisor

Working with a financial advisor may be worthwhile if you’re finding it difficult to make financial decisions on your own or are unsure where to begin your financial journey. Financial advisors provide guidance and advice and can design plans or suggest certain investment vehicles and products.

Financial advisors are the more expensive option, as they are involved in every aspect of your investment journey and have the skills and knowledge to help you make decisions. Some charge a fixed commission each time they conduct business with you or sell a product. Others charge an hourly fee or a percentage of the assets they manage.

Because markets can be unpredictable, your investment strategy may need to adjust as highs and lows occur. A financial advisor can help you make smarter investing decisions whether you’re a novice investor or more seasoned. Advisors can also assist you in aligning the investments in your portfolio with the rest of your financial strategy.

It’s also imperative that you choose a financial advisor that is reliable and trustworthy. Several websites are available to assist with this information:

  • Broker Check by FinraSEC Advisor InfoNASAANAICCFP

Robo-advisors

A straightforward, incredibly affordable approach to buying stocks is through Robo-advisors. Most Robo-advisors invest their funds in various exchange-traded fund (ETF) portfolios, buying the assets and managing the portfolio on your behalf. Although they are typically less expensive than financial advisors, you rarely get the advantage of a live person to guide your decisions and answer queries.

Direct Stock Purchase Plan

A DSPP has the disadvantage that its shares are somewhat illiquid, making it challenging to resell them without a broker. Therefore, those with long-term investing interests typically benefit from these plans the most.

When investing, you risk losing your money, so you must never invest more than you can afford to lose. The stock market is volatile and unpredictable, so always be mindful of this.

Wrapping Up

However, it’s crucial that you do your research to ensure that your investment aligns with your budget, investment goals, risk tolerance, trading style, and portfolio diversification, as there’s always a risk of loss.