5 steps to make your first investment
With Plynk’s simple checkout process, you can buy investments in just a few steps.
December 2, 2021
Once you’ve decided what you want to invest in, there are only a few simple steps to complete the process.
1. Review the price
Every investment has a price for which you can buy a share. You’ll see this price at the top of the investment summary.
The prices of stocks and ETFs change throughout the day as they’re bought and sold. But once your trade goes through, you lock in that price, even if it goes up or down afterward.
Mutual funds, on the other hand, trade once per day when the stock market closes, and the final price is calculated. So whether you place your trade at 10 a.m. or 2 p.m., you receive the price when it's calculated at the end of the day (around 4 p.m.).
2. Select “Buy now” or “Add to cart”
If you’re buying 1 investment, it is fastest to use “Buy now.” If you want to buy more than 1 investment at a time, it is easier to use “Add to cart.” You can buy up to 10 investments at once with this feature.
3. Enter the amount you want to invest
Your Plynk app will tell you how much money you have in your account to invest. You can invest with as little as $1.1
If the amount you invest is less than the price of 1 share, you will own what’s called a “fractional share.”
4. Choose a “one time” or “recurring” investment
Decide whether you want this to be a one-time trade, or you want to make this same investment on a set date each month—like the 15th of every month, for example.
Automatic investing can help you invest consistently without needing to remember to log in and place a trade.2
5. Swipe to confirm your trade
Voilà, you’re investing! Give yourself a pat on the back.
Keep in mind: The stock market is generally open from 9:30 a.m. to 4:00 p.m. ET. If you buy an investment outside of those hours, Plynk will complete your trade when the market opens next. In this case, the price could be slightly different than it was when you placed your order.