- 1). Open and fund an online stock broker account if you do not already have one. "Smart Money" magazine's 2009 Broker Survey is linked in Resources and names E*Trade, Fidelity and Charles Schwab as the top three online brokerage companies.
- 2). Review the financial and stock information of the major automotive manufacturers to determine if they meet your investment goals. Or, for broad exposure to the sector, you may want to invest an equal amount in each auto stock. The major auto companies that trade on the U.S. stock market are:
Daimler AG, stock symbol DAI
Ford Motor Co., stock symbol F
Honda Motor Co., symbol HMC
Toyota Motor Corp., symbol TM - 3). Buy the shares of each automotive stock you want in your portfolio. Look up the share price and divide the investment amount by the current price to get the number of shares to purchase. Use the order screen of your online broker account to enter the orders using the share amount you calculated.
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