Buying Stock?

Question: I would like to buy Stock in Southwest Airlines,
How do I buy it,
Where to I go to buy it,
How do I set up the account,
How much will the stock cost?

Answer:
Open a trading account with a discount broker such as Scottrade, TDAmeritrade, Fidelity, Schwab, etc. (You should be able to download the necessary forms from their website.) Then go to the trading page on their website and enter a market buy order (which will generally get you the current Ask price) or a limit buy order (in which you can specify the maximum price you'll pay) for LUV. At this moment, LUV is trading at $14.96 per share, but the price could be drastically different by the time you buy. Trading commissions will vary depending on the broker, but with Scottrade, for example, it will cost you $7 to buy, and $7 to sell (plus a tiny SEC fee).

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