How to Buy Chrysler Stock
Chrysler is an automobile manufacturer, formerly one of the largest vehicle production companies in the United States. However, the company has been protected under America's bankruptcy laws since 2009. Although investors are currently unable to obtain Chrysler stock, Fiat, an automobile company based in Italy, owns a majority of the business.
- Choose a financial company, brokerage firm or investment specialist. In order to buy stocks on the foreign market, investment companies must have access to American Depository Receipts. Ensure the financial firm you select has this designation.
- Fund the account. Allow extra money for brokerage fees. In addition, some firms require clients to carry a minimum account balance in order to buy and sell stock.
- Research the current share price for Fiat's stock. The stock symbol for Fiat is FIATY. Find the stock's price by entering "FIATY stock price" into your preferred search engine. Use this price to determine how many shares of stock you want to buy.
- Call your brokerage firm. Tell the broker which shares you want to purchase. You can instruct the broker to buy the shares when the stock drops to a certain price, or you may buy the stock at the price currently dictated by the market. Because stock prices are volatile, buying the stock at the current market price is the only way to ensure the stock is purchased.
- Ask the broker to contact you should any new developments occur with Chrysler. Since the future of this company is uncertain, consider placing an automatic sell order to protect your interests should the stock's price drop rapidly or unexpectedly.