How To Buy Microsoft Stock On Robinhood In 2024 (MSFT)

Microsoft is one of the largest and most influential tech companies in the world, making it an appealing investment for many people.

If you're considering buying Microsoft stock, here's a step-by-step guide to help you make your first purchase.

Be sure to check out our video below on how to buy Microsoft stock!

1. Research Microsoft

Before purchasing any stock, the first and most crucial step is conducting research. You should look into Microsoft’s financials, future growth prospects, and overall market position to help you make an informed decision.

Some key areas to focus on:

• Check Financial Reports: Review Microsoft’s earnings reports, balance sheets, and income statements. These can be found on the company’s website or through financial news platforms.
• Analyze Market Performance: Investigate how Microsoft stock has performed over time, including past growth and periods of volatility.
• Understand Industry Trends: Consider the broader tech industry and Microsoft's place within it. Examine how Microsoft adapts to emerging technologies like cloud computing, AI, and enterprise solutions.
• Review Expert Opinions: Follow industry analysts' reports to get expert insight into whether Microsoft stock is a good buy at the current price.

2. Choose A Brokerage Platform

Once you’ve decided to invest in Microsoft, the next step is to choose a brokerage platform. There are a variety of online brokerage accounts to choose from, each offering different features, fees, and platforms.

Popular brokerage platforms include Fidelity, Charles Schwab, TD Ameritrade, Robinhood, and E*TRADE. Choose the one that best suits your investment style and financial goals.

We're going to be using Robinhood to buy Microsoft stock. This is a commission free stock trading app that offers fractional shares, meaning you can invest as little as $1 into Microsoft stock.

3. Get Your Free Stock

Robinhood offers an incentive for new users who are opening a new brokerage account.

If you use our link to sign up for Robinhood here - you will get a free stock worth up to $200 when you fund the account!

The value of the stock is random, and you get to choose your free fractional share from a list of 20 leading American companies.

If you're looking to learn more, here's our full guide on how Robinhood works for beginners.

4. Deposit Funds

In order to buy a stock, you will need to have funds in your brokerage account.

Robinhood offers an instant deposit feature, which means you can invest your money that you deposit before it settles. It usually takes a few business days for the transfer from your bank account to complete.

Here's how to deposit money into Robinhood:

1. Open the Robinhood App
2. Click on "Buying power" in the middle of the screen
3. Click on the black "Deposit funds" button at the bottom
4. Choose the bank account you want to deposit funds from
5. Enter the dollar amount you would like to transfer
6. Click on the black "Review" button
7. Click on the "Transfer $_" button at the bottom after confirming details

Once you initiate this deposit, you will get access to up to $1,000 immediately through the instant deposit feature.

5. Search For Microsoft Stock

You are now ready to invest!

Here's how to buy Microsoft stock in the Robinhood app:

1. Open the Robinhood App
2. Click on the Search Icon in the top right
3. Enter the stock symbol (MSFT)
4. Click on the stock
5. Click on the green "Trade" button 
6. Select "Buy"
7. Enter the dollar amount you want to invest
8. Click on the green "Review" button 
9. Swipe up to submit the order

That's it! Just like that, you've become an investor in Microsoft stock using Robinhood.

You can now monitor your investment over time in the app. It's important to stay up to date on news and events related to any companies you invest in. This includes tuning in to quarterly earnings reports, for example.