How to Buy Stocks

Oct 25, 2025

Join investing expert Chris Sain as he demystifies the world of stock buying. Discover the essentials of opening a brokerage account and why it's vital for your investing journey. Learn about traditional platforms like Vanguard and Fidelity versus newer apps like Robinhood and Webull. Chris emphasizes the importance of having a personal brokerage account separate from employer plans and shares practical tips for faster fund transfers using wire transfers. This conversation is packed with valuable insights for anyone looking to invest wisely.

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ADVICE

Open A Brokerage Account First

Open a brokerage account to buy and sell public company stocks and take control of your investing.
Use established firms like Fidelity or Vanguard for long-term investing and newer apps for convenience or trading tools.

INSIGHT

Why Public Stocks Matter

Public companies let anyone own shares so your wealth can grow as the company's value rises.
Investing is a primary way to beat inflation by putting money to work over time.

ADVICE

Complete KYC And Link Your Bank

Complete KYC when opening accounts and link your bank to transfer funds into your brokerage.
Fund the account via ACH or wire so you can start investing; linking enables deposits and withdrawals.

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Welcome to EYL! In this insightful conversation, our hosts Troy Millings and Rashad Bilal chat with the knowledgeable Chris Sain about the essentials of beginning your journey in stock investing. 🌟 Starting with the basics, Chris highlights the importance of opening a brokerage account, explaining what it is and why it's necessary. He elaborates on traditional options like Vanguard and Fidelity, which are favored for long-term investments. For those who are more tech-savvy or prefer user-friendly alternatives, newer apps such as Robinhood, WeBull, and Interactive Brokers are also discussed. Rashad further expands on why investing is crucial, especially in the context of beating inflation. He differentiates between public and private companies, stressing the importance of owning public company stocks. He walks us through the straightforward process of setting up a brokerage account via popular platforms like Charles Schwab and Fidelity. Rashad makes a key point: understanding the "know your customer" requirements, such as providing personal details and linking your bank account, are crucial steps to funding your investment account effectively. Our hosts also share practical tips on expediting fund transfers between your bank and your brokerage. Troy provides a handy hack, emphasizing the advantage of using wire transfers for quicker fund deposits, which can be crucial given the market's volatility. Before wrapping up, Rashad discusses a common misconception about 401(k) investments. Simply contributing to a 401(k) isn't enough; workers need to actively choose their investments to see growth. He explains that money initially goes into a money market account and needs to be directed into specific stocks or funds of your choice. Chris concludes by comparing different brokerages for long-term and short-term investors. While Vanguard and Fidelity are excellent for long-term holding, platforms like E*TRADE, Robinhood, and M1 Finance offer useful tools and information for a richer investing experience. Whether you're a novice or looking to expand your knowledge on investing, this clip is packed with valuable insights to equip you on your financial journey. Don't forget to like, share, and subscribe to stay updated with our latest clips! #Investing101 #StockMarket #BrokerageAccount #LongTermInvesting #EYL #ChrisSain #FinancialLiteracy #Robinhood #Vanguard #Fidelity #CharlesSchwab #InvestingTips #FinancialEducation #BeatInflation #WeBull #ETrade #M1Finance

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