Getting started is easy! The first thing your broker will help you do is open a bank account. This account will be for the buying and selling of shares. This is the cheapest and smartest way to own stock. Any dividends will also be deposited into this account for you.

Alternatively, you can use a debit card or other money transfers to buy shares. They seem easy to begin with, but debit card fees range from 1-2% and can add up over time.

Tips and tricks

Watch out for fees on payments, especially when making big trades. 2% fee on a $1,000 trade will come to $20. That’s a very high cost to pay when some transfers are free.

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