How to Buy Stocks on Charles Schwab (Beginner-Friendly!)
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- Опубликовано: 13 авг 2024
- This is a step-by-step beginner-friendly tutorial on how to buy stocks, index funds, mutual funds, and ETFs on Charles Schwab. This tutorial is suitable for any type of investment account at Charles Schwab (Roth IRA, brokerage account, etc.). After watching this video, you'll have the information you need to make your first investments on the Charles Schwab trading platform.
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🕒 TIMESTAMPS 🕒
0:00 - Portfolio page overview
2:57 - Buying stocks/ETFs
11:43 - Special note about mutual funds
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Disclaimer: I am not a financial advisor nor a tax professional. The content presented in this video is for entertainment and educational purposes only.
I can't thank you enough, others who attempt to teach beginners (God bless their souls) need to watch this video as an idea on how to teach. You made me feel comfortable in investing. Thanks again and God bless you.
Just made my first investment in a Roth with Schwab using this video. So comprehensive and simple, thank you!
Thank you so much for making these videos. I’m (FINALLY) getting ready to open my IRA and I’m feeling SO overwhelmed with all the information out there. You’re really doing a great job of explaining things in a simple and methodical manner- watching your videos is the first time I’ve found myself feeling hopeful and confident in my ability to pull this off successfully. ☺️
Thank you again.
Thank you so much for the kind words! I'm so glad people find these videos helpful. 😊 Education is empowering!
The more i watch your tutorials on how to buy/invest on the Charles Schwab platform, the more I'm starting to understand the process of investing correctly while trying to understand the jargons. Most youtubers don't go into details and disect the site as you do. I really admire your teaching style. You have a new subscriber here. Thank you, God bless you. 🙏🏾
Such helpful info! However, I do have a question. I currently have a Roth IRA with Charles Schwab and I got a lot of helpful information from you about how to run it and everything. My question is, if I have a Roth IRA with Schwab, can I also have a regular investing account that uses and receives money that does not go or come from my Roth IRA and rather from an external account like a checking account?
Absolutely! That is called a brokerage account. You can create a brokerage account under your same Schwab login so you'll see both the Roth IRA and brokerage account side-by-side. You can transfer money from external bank accounts directly to your brokerage account, just like you do currently for your Roth IRA.
Made my account a few days ago I love it.
I just opened a Roth IRA and am interested in mutual funds. The problem is that I don't know how to search for them. I understand how to search for stock since those are just company names, but how do I find mutual funds and how do I tell which are favorable to invest in? Any help is appreciated, thanks!
I have a question, if i feel like the market value for a etf wont be good enough or wont do good in the future then the move i would make is a trade right? so what would happen to the money i already invested in? also can u make more videos. like on charles schwab. Thank You
Excellent explanation. Really helpful. Thank you
Awesome information! Can't wait to see this video blow up like the last one!
Thank you!
I just watched about every video on your channel (lol), thank you for all the information!! One thing I was wondering is, when you choose to reinvest dividends, instead of have them paid out, why is it that this helps reduce your capital gains tax? If I'm not mistaken, you will pay taxes on those dividends either way? Is it because if you choose to have them paid out, you would pay short term capital gains tax instead of long term?
Thank you so much for the support! I'm watching that section back again and realized I maybe misspoke. In taxable brokerage accounts, you don't avoid capital gains altogether by reinvesting dividends, but if they're considered "qualified dividends", you get taxed at the lower long-term capital gains rate instead of the higher short-term rate. You'd be taxed if you took the dividends as cash as well, so it's usually better to reinvest them right back in your stock portfolio so you can benefit from compound growth. Of course, if you're investing in a tax-advantaged account like a Roth IRA, you can avoid capital gains tax altogether on dividend reinvestments.
@@AlexRaePersonalFinance That makes sense. Thank you for your reply! Thanks to you I decided to more than double my 401k contribution :)
@@fender7802 That's fantastic!! Go you!
Love this beginner tutorial!!! Charles Schwab is great use them for my work 401k
Can you make a video on setting up reoccurring trades?? If that’s even possible, like I set up a Roth IRA and money gets deposited every two weeks so is there a way to just have the account purchase shares of the same stock/etf every two weeks??
I've gotten a few requests for this topic so I will definitely make a video on it! Unfortunately, it's not possible to auto-invest in stocks/ETFs with Charles Schwab. However, some mutual funds allow for auto-investing. I'll put up a video guide walking through how to set it up!
Mines refusing to execute any buy orders on any stock
Just want to say I found you on the internet the other day you are killing it love the videos question here I was a TD Ameritrade person now Schwab person I bought some Ford stock back in the day when they first come out of bankruptcy at this particular time they were not doing dividends then sometime after they start doing dividends so is there anyway I can go back and hit the reinvest button on the dividends after I currently already bought stock and where would I go to find a such thing cuz I don't trade very often
new friend here to support watching your tutorial and start learning from you thank you
Just made an account there. Got option level 0 on the roth to do cash secured puts and covered calls. Wanted level 2 to do spreads but was denied for now.
Interesting - did they give you a reason for the denial? I don't trade options so I've never applied.
@@AlexRaePersonalFinance no. Im guessing since funds weren't transferred yet. Waiting on 35k to move.
Good luck!
Thank you
Thank you so much for the video, I have a question, so If I use roth ira account to buy stocks can I sell the the stocks and withdraw profile or I will have to pay the penalty for it. As I heard you cannot withdraw money from roth ira account until retirement ?
You can withdraw your contributions from your Roth IRA at any time without penalty or taxes. This is true even if you invest your contributions and sell them off at a later date. So if you contributed $15,000 to your Roth IRA over the last few years and it grew to $20,000, you can take out that original $15,000 without issue (after selling off your stocks and converting them to cash). But if you try to take out the remaining $5,000, you will be hit with a penalty.
@@AlexRaePersonalFinance Thank you so much. I was doing taxes and I came to know that I am not eligible to contribute to Roth IRA further because of tax bracket . What would you suggest
a) Back door Roth ira
or b) traditional Ira ?
Thanks
After watching this I open an IRA and placed money on ETFs : SCHF and SCHB in February 8 . By February 26 I’ve lost $200 😢😢😢
You haven’t lost the money if you haven’t sold them!
@@gorluch it’s recovering slowly 😊
Please don’t buy individual stock and get you a index fund if you want your cash to grow long term, but great overview video.
Index funds are great! This tutorial works for both individual stocks and ETFs.
to start out, i would buy individual stock and buy more slowly and build a nice portfolio.
You take away too fast can’t follow it looking for something else with more detail
Can you make a video about which S&P 500 to invest in? Theres so many options, what's the difference? I was told to invest in it but I don't know which one...
My next video will be on how to make a Three-Fund Portfolio at Charles Schwab, which is a pretty common investment approach that is very diversified. That should hopefully answer your questions so stay tuned!!
Hey! This is a good video to check out if you're still trying to decide which investments to make. ruclips.net/video/mz9_Q0wPZrQ/видео.html
Thank you