Some people purchase stock to try to make some extra money quickly, and for others, it is just a place to keep their money with the chance of making more. There are a number of ways to buy stock. This guide will focus on using an online broker to invest, but you could choose brokers you can meet in person if you don't feel secure handling money online.
Sprint and Nextel merged in 2005 to create the Sprint-Nextel Corporation. The company offers a variety of different mobile phones, and has a large wireless broadband network.
Find a broker. These are companies like E*trade, Ameritrade, and others that allow you to buy and sell stock. There are two major types of brokers. Full service brokers provide many investor support services, such as research on companies and advice on stocks. Discount brokers charge less of a commission for trades, and some offer online research services, but will not have as many investor services as full service firms.
Decide how much money you want to invest in Sprint stock.
Find the current price of Sprint stock. The full company name is "Sprint Nextel Corporation", and the stock symbol is: NYSE:S. Online brokers will have a search function on their websites, but you can also find stock prices without a broker through Google Finance or similar personal finance websites. (See Resource 1.)
Divide the amount of money you want to invest by the current price of Sprint stock to determine how many shares you should buy.
Place the order with your broker. Online brokers will have account management options that allow you to buy stock through their websites. Some online brokers will also have you register a bank account or debit card to cover payments for stock; payment will either be taken out automatically as you buy stock, or you will need to send a payment through their websites after purchasing. Other online brokers, such as Charles Schwab, allow you to deposit money into a brokerage account and use those funds to purchase stock.