Interested in getting a piece of the fast-growing e-commerce retail giant? Below are the steps for how to invest in Amazon stock with as little as $100.
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If you’ve landed on this page, chances are you already know the e-commerce retail giant has been a fantastic investment historically, far outperforming the market (see below) and most other stocks. Amazon has proven its proficiency in disruption and automation since its birth in 1994. With its continual advancement into nearly every corner of society, including its recent acquisition of Whole Foods, its future growth potential looks promising. Do your due diligence and research any company you’re planning on investing in.
How to Buy Amazon Stock
First you’ll need an online brokerage account if you don’t already have one. I’d suggest M1 Finance. The modern broker offers zero fees, zero commissions, dynamic rebalancing, a modern interface and mobile app, and fractional shares. I wrote a comprehensive review of M1 Finance here.
At the time of writing, a single share of Amazon costs north of $3,000. Fractional shares allow you to use M1’s account minimum deposit ($100) to buy roughly 1/33 of a share of Amazon, letting every penny go to work for you. After the initial $100 deposit when opening a new account, you can buy new shares of stock in the future whenever your cash balance reaches at least $25.
Opening an account with a brokerage will only take about 10 minutes. From that point you can connect your bank account to deposit money into your investment account. Then just type in what’s called the ticker symbol – the unique identifying abbreviation for the stock – for Amazon (AMZN) and place the order. It’s that simple! You can obviously buy Amazon alongside other stocks in your portfolio, or invest entirely in Amazon.
How to Invest in Amazon Stock – Quick Steps
- Sign up for a new account with an online brokerage like M1 Finance.
- Connect your bank and fund your account.
- Enter the ticker symbol – AMZN – or the company name to locate the stock.
- Place the buy order. You’re done! You can now call yourself an Amazon shareholder.
Disclaimer: While I love diving into investing-related data and playing around with backtests, I am in no way a certified expert. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information contained in the investing-themed posts on this website is for informational and recreational purposes only. Read my lengthier disclaimer here.