Buying and Selling Stock
Buying and Selling Stock in Your Social Studies Classes:
Stocks can only be bought and sold through a broker
Buying Stock:
1. Decide what stock you would like to buy
2. Decide how much stock you would like to buy
3. Decide how much money you would like to put down (pay) on the balance due
4. Go to a broker with your balance sheet and a check and tell them what you want.
Selling Stock:
1. Take your stock certificate and balance sheet to a broker and tell them what you want to sell.
Buying and Selling Stock in Your Other Classes:
Please listen to all announcements carefully as to ensure gathering correct information for your purchase.
Buying Stock:
1. Get correct stock certificate.
2. Put full name and Social Studies period on stock certificate.
3. In the "Bought" column, fill in the date, time, nimber of shares you want to buy, and the current price per share.
4. Fill out a check for the amount you are putting down on this purchase. (Remember you must put down at least 10% of the total amount due at time of purchase)
5. Send balance sheet, check and stock certificate to your Social Studies class.
6. Pick up stock certificate and balance sheet when come to class.
Selling Stock:
1. On stock certificate that shows stock purchase, in "sold" column, fill in the number of shares owned and the number of shares to be sold.
2. Send balance sheet and stock certificate to your Social Studies class
3. Pick up stock certificate and balance sheet when you come to class.
NOTE: Only brokers can record sales on balance sheets
Special Notes:
Buying on Margin - Buying a stock on credit for a slittle as 10% of the full price.
Dividends -
* To collect a dividend, you must own a stock before dividend is posted.
* You can not collect dividends on stock after it has been sold
* You collect dividends yourself by recording dividend on both the stock certificate and balance sheet.