When does buying a US stock actually begin?
When I picture buying a US stock, I usually start at the same place:
Find the ticker.
Check the price.
Hit Buy.
But that skips a part of the process that's easy to overlook.
Getting access to the asset in the first place.
One part of that can be the securities paperwork required before you can access the stock.
And that made me rethink what I actually mean when I say:
“I want to buy this stock.”
The order itself is only one moment in the process.
There can be requirements that come before I ever get to the order screen.
That's where bStocks made me look at the process differently.
The underlying stock hasn't changed.
But the path to getting exposure to it can look different.
So I started asking:
“How much of buying a US stock happens before I ever get to the Buy button?”
For me, that's an easy part of investing to overlook.
We tend to focus on the trade because it's the visible part.
But access starts before the trade.
#bstockscis @BinanceCIS
When I picture buying a US stock, I usually start at the same place:
Find the ticker.
Check the price.
Hit Buy.
But that skips a part of the process that's easy to overlook.
Getting access to the asset in the first place.
One part of that can be the securities paperwork required before you can access the stock.
And that made me rethink what I actually mean when I say:
“I want to buy this stock.”
The order itself is only one moment in the process.
There can be requirements that come before I ever get to the order screen.
That's where bStocks made me look at the process differently.
The underlying stock hasn't changed.
But the path to getting exposure to it can look different.
So I started asking:
“How much of buying a US stock happens before I ever get to the Buy button?”
For me, that's an easy part of investing to overlook.
We tend to focus on the trade because it's the visible part.
But access starts before the trade.
#bstockscis @BinanceCIS