With the social network giant’s initial public offering tomorrow, a lot of Facebook fans and investors are looking to jump on the bandwagon without having to invest huge sums of money, which is why I’m going to show you how to buy Facebook stock without being a millionaire.
How To Buy Facebook Stock
If you want to buy any large amounts of Facebook stock, the prices and the options available to you are a quite a bit better than buying a single share. However, the investment brokers that handle these types of transactions expect you to have a very healthy bank balance. I’m not talking a few thousand dollars, more like $100,000 upwards. So how can the average Joe or small-time investor get in at ground level? Well, there’s five or six options available to you that I know of.
For The Average Joe
OneShare – As the name suggests, they alow you to buy a single share of over 200 different companies. Obviously you’re able to buy more than a single share, but people don’t tend to do so because the prices aren’t as competitive.
GiveAShare – Another company that specializes in selling single shares, a good choice if you’re thinking about buying someone a Facebook share as a birthday gift or for another special occasion.
FrameAStock – Very similar to the two mentioned above, which of them you decide to order with will simply be a matter of preference.
For The Small Investor
SharesPost – They are a private capital investment broker. The smallest transactions they would normally deal with is $25,000. You can visit their website for more info.
E*Trade – They’re a financial services company that offer brokerage and investment solutions. This is for the more serious small investor. They allow anyone to open an account, but to buy Facebook stock, you will be expected to place a minimum order of 50 shares.