Friday, August 28, 2015
How to Buy Chrysler Stock (5 Steps)
Establish an account with a stock brokerage company or an investment firm that has the ability to purchase American Depository Receipts (ADR), the American equivalent of foreign stocks. Deposit the required amount of funds into your account.
Determine the number of shares of Fiat stock you wish to purchase. Check the current price per share. Fiat stock trades on the Italian stock exchange of Fiat ADRs trade over-the-counter in the United States as Fiat SPA under the symbol FIATY.
Contact your investment broker and instruct him to enter a Buy order which may be At The Market or you may designate the price you wish to pay per share, which may be lower than the current market price.
Instruct your broker whether you wish to take possession of your stock certificates or if you wish to keep the stock in street name. Keeping the stock in street name provides more security in that you do not have to store your certificates and it makes it more convenient should you decide to sell your shares at a future date.
Continue to watch the major news outlets for breaking stories regarding Chrysler's emergence from bankruptcy. Eventually the U.S. Treasury will sell its stake in the company which may create an opportunity for individual investors to purchase shares. The company may also choose to become a public company again through an initial public offering, or Fiat may decide to spin the company off if it does not perform up to expectation, which may also present an opportunity for purchasing stock in Chrysler.
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