How to Invest in Uranium Stocks
- 1). Establish a brokerage account. Leading brokerages include Fidelity, Charles Schwab, and TDAmeritrade. The brokerage business is competitive, meaning fees usually are comparable from one firm to the next. Most brokerages have a $250 to $500 minimum to fund your account.
- 2). Research the uranium stocks you are interested in buying. Decide if you are interested in investing only in uranium-mining companies or also in uranium-processes companies or even nuclear power-related companies. The Internet includes resources for researching stocks, although the research section of your broker's website also is a logical place to start.
- 3). Buy uranium stocks. If this is a long-term investment, you might be content to check in quarterly to see how your chosen stocks are performing. If you are looking to trade uranium stocks, consider placing a "limit order" or "stop loss" order at a preset percentage above and below your purchase price to lock in profits and prevent big losses.
Investing in Uranium Stocks
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