How to Invest in IndyMac
- 1). Open a brokerage account that allows penny stock purchases. Most full-service firms do not sell penny stocks because of the lack of market for these stocks, coupled with their high risk; however, some will authorize sales for clients. Ask if your brokerage firm trades in penny stocks, or consult with firms such as Choice Trade or Speed Trader that specialize in penny stocks.
- 2). Fund the account with the money required to buy the shares and pay any commissions owed in the transactions. Send either a check or conduct an electronic funds transfer to provide the money.
- 3). Buy the stock by calling your broker or placing an online buy order. Depending on the trading volume, your order may not be filled immediately.
- 4). Confirm that the order went through by obtaining a confirmation code for the purchase.