How to Buy Stock in a US Steel Mill
- 1). Identify the U.S. steel mills you are interested in. Doing your research online can save you a great deal of time. Do a little research into each company. Look at their market share and see if they have been growing. See if they have any new products or processes on the horizon that could change their stock price. See if they have any new contracts or expect to sign new contracts soon, which could increase their market share.
- 2). Contact the investor relations department at each steel company you are interested in. Ask if it has a Direct Purchase Plan. Find out if they have a minimum first-time purchase and if there are any fees involved. Ask them to send you the paperwork for purchasing stock directly. U.S. Steel (ticker Symbol: X) offers a direct investment option, as does AK Steel Holding (ticket symbol AKS). Learn more about each company in the Resources section below.
- 3). Set up an automatic stock purchase plan whereby your savings or checking account is debited a set amount of money each month for the purchase of stock.
- 4). Ask about a Dividend Reinvestment Plan. This plan will allow you to automatically reinvest any dividends that you receive in new stock shares (or fractional shares).
How to Buy Stock in a U.S. Steel Mill
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