General Question

tenureandandlemons's avatar

Where Can I purchase one share in a company with a MasterCard in Canada?

Asked by tenureandandlemons (162points) August 9th, 2013

Just for practice. Hopefully it is less than $100 total.

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5 Answers

zenvelo's avatar

You have to go to a broker and open an account. And then place an order to buy one share of whatever company, and pay with your credit card. You will be charged a commission, which, depending on the broker, may be a significant portion of $100, i.e., the commission may be $25 or $30. It’s not the wisest way to invest.

LuckyGuy's avatar

If this is for practice then don’t buy one. The commission and fees will be too high. Open a Yahoo account and go to Yahoo Finance. You can set up a pretend account and track your stocks daily at no cost and no risk. You can “buy” some risky items with high potential returns as well as safe items that plug along with low but consistent yields.

downtide's avatar

@LuckyGuy that actually sounds like fun.

WestRiverrat's avatar

Tootsie Roll used to sell one share stock certificates, don’t know if they still do. There are probably some other companies that do similar things.

LuckyGuy's avatar

@downtide I think it is a great way to get to know the market and the unwritten rules. Try it without actually spending any money. Pretend you are Warren Buffet. “Invest” a million dollars and see what happens. It is free.

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