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Motley Fool analyst Austin Smith answers the crucial question to becoming an investor: How do I buy a stock? Many people are excited about our Foolish recommendations, but are still held back by one big hurdle — knowing how to purchase shares of their favorite companies. Once you get started it’s actually quite easy. Because we Motley Fools are advocates of the “do it yourself” investing strategy, Austin suggests opening an account with a discount brokerage firm. These companies charge anywhere from $7-$10 to buy and sell your positions. As a Foolish rule of thumb, don’t forget to keep your trading fees below 2% on average.
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