There’s a lot of buzz going on around McDonald’s right now. And, it’s hard to deny that McDonald’s is one company that has created what seems to be an unstoppable empire! While many people are looking to get in on all the Minion Mania action it appears others are more interested in buying shares of the company instead.
If you’ve never bought stocks I’m going to walk you step by step on how to buy McDonald’s stock without paying any transaction fees.
How to Buy McDonald’s Stock
There are many ways you can buy McDonalds stock. You can contact your local brokerage or buy it through one of the many online brokerages. However, today I’m going to walk you through step-by-step, how to buy stock through a placed called Loyal3.
While most online brokerages charge transaction fees that range from $5-$10 Loyal3 has zero transaction fees, making it my absolute favorite place to buy stocks. The other great thing about Loyal3 is that they let you buy partial shares. For instance, even though McDonald’s stock is currently worth around $99 you can buy into McDonalds for only $10. And there are no account minimums. This is great for anyone looking to get started investing on a tight budget.
The first thing you’re going to need to do is setup an account with Loyal3. Just head to Loyal3, click the sign up button, and you’ll be presented with a pop-up that asks for your first and last name, email address, and a password.
Once you set up your account you’re going to be presented with a screen that looks like this:
Scroll down until you see the McDonald’s logo and click on it.
After clicking on the McDonald’s logo you’re going to be presented with a screen that looks like this:
As you can see the current price of McDonald’s stock (MCD) is $98.78. However, with Loyal3 you have the option to buy in with as little as ten dollars. Choose the amount of money you want to invest by clicking the $10, $250, or $2,500 button or type in a custom amount.
After you select your amount you’ll need to either select the “recurring monthly” or “one time purchase” option.
Click “next” and you’ll be taken to a screen where you can input your personal information, tax info, and link up your checking account. It only takes a couple minutes to fill out this information.
After that you’ll be taken to this screen:
Click “invest” to complete your transaction. That’s it! You’re now the proud owner of McDonald’s share.
After You Invest
Loyal3 is a great online brokerage where you can buy many stocks from top companies. If you get the itch to invest in other companies after investing in McDonald’s simply repeat the process. It took me less ten minutes to set up my account and purchase my first stock.
If you want to keep investing in McDonald’s over the long haul then just click the recurring monthly option. And remember, even investing $10 a month is better than doing nothing at all. Over time those small investments you make can add up to something pretty significant.
Click here to get started with Loyal3.
Photo Courtesy of Roadside Pictures.
Disclosure: affiliate links are used in this post.
Alexa Mason is the blogger behind Single Moms Income, a personal finance freelance writer, and an online entrepreneur. Come hang out with her on Facebook and Pinterest.
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