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  • Today is my first time buying stock with a stockbroker!
  • Buying Stocks with a Stockbroker
  • Nice to meet you I'm Pam.
  • Hello, my name is Terry and I will be your Etrade stockbroker.
  • I'm interested in buying 100 shares of NKE, Nike, which is traded on NYSE. One share costs $59.47.
  • One reason is that it was above the S&P 500 and it also has a StockScreener rating of an A-.
  • Ok, why would you like to purchase this stock?
  • The fee is 1.5% of investment so the cost would be $89.21. That makes the total cost $6036.21.
  • Ok, sounds great! I'll let you know if I want to sell at a later date.
  • With 100 shares your total investment would be $5,947.
  • Okay, so the money received from selling would be $15,oo5, and with 1.5% the broker fee will be $225.08. That makes the total money paid out $14,779.92.
  • Hey Terry! The stock price of Nike has currently gone up to $150.05 so I would like to sell all of my 100 shares.
  • ~14 Months Later~
  • Thank you so much for your help!
  • No problem, I hope you work with Etrade again when you want to buy more stock.
  • subtracting the original price you paid which was $6,036.21, your total profit comes out to be $8,743.71.
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