How to Buy Netflix Shares: Invest in NFLX Stock Today

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Like most people, you’ve probably imagined buying shares of a company that grows in value and makes you enough money to retire early and live a financially secure life. Netflix stock might have been one of your top choices when it comes to buying shares in a growth company.

Investing can be seen as a complex subject, but there are ways to make your investments more accessible. Many free stock trading apps simplify the investing process and have democratized access through the elimination of stock commissions.

That means you can buy one share at a time without having to fork over a per-trade commission. Some apps will allow you to set aside money regularly to buy fractional shares, lowering your barrier to investing in these growth stocks even more.

Today, you can buy shares in companies like Netflix (NFLX) fully online through low-cost (or free) brokers.

While I do not specifically advise you to buy Netflix shares of stock, this article explains how to buy stocks, using the individual stock as an example.

If you want other stock recommendations, I suggest subscribing to some:

  • investment newsletters

  • stock picking services

  • stock advisor services

I would also consider conducting your own stock research and using a stock analysis app to vet any investments recommended by these services. Likewise for Netflix stock to see if its risk profile and investment objectives meet your broader investment portfolio goals.

This article does not constitute individualized investment advice under any circumstance.

Overview of Netflix

Netflix is an online streaming service that provides original TV shows and movies.

Netflix was founded in 1997 by Reed Hastings, a Stanford graduate with his partner Marc Randolph. Netflix is now the largest producer of television series content in America following Disney’s acquisition of 21st Century FOX assets announced mid-January 2019.

Netflix has an estimated 207 million subscribers worldwide (2021).

The company creates original content , acquires licensed content, and provides streaming services.

Netflix is known for its “binge-watching” model: viewers can watch a series from beginning to end in one uninterrupted sitting without commercials or breaks.

The company also produces original programming including television shows (The Queen’s Gambit), documentaries (Tiger King: Murder, Mayhem and Madness) as well as movies (Hillbilly Elegy).

During the pandemic, millions of people subscribed to Netflix to pass the time while waiting out the coronavirus indoors.

Many people see the service offering as a replacement to cable, opting to cut the latter expense from their monthly budget and instead opt for a streaming lineup including Netflix and others.

If you’d like to buy the company’s stock, you’ll need to find an online broker that gives you the ability to purchase the stock through the NASDAQ stock market exchange.

However, this does not mean the stock worth buying. You will need to decide for yourself if the company is a good stock choice for your individual investing situation.

Let’s have a look at the steps needed to buy Netflix stock now!

How to Buy Netflix Shares of Stock – Steps to Follow

After you’ve decided buying the stock is right for you, you’ll need to know where to start looking to invest in the company. If you’re considering buying shares in the company, it’s important to consider what lies ahead.

Buying stocks, index funds or investments is a straight forward process.

→ Step 1: Find a Good Online Broker

When looking for a good online broker, you’ll first want to consider:

  • Which markets the broker can access for trading (not all brokers can buy and sell stocks on the NASDAQ)

  • Commissions and fees charged by the company for trading

  • What types of stocks, funds or investments are available to trade online

  • Whether you can open a brokerage account with this company because of your citizenship status

  • You’ll also want to consider how much time you’re willing to spend learning a new platform (typically less than an hour)

  • Which margin rates the broker offers

The best stock trading apps for beginners focus on simplicity, functionality, educational and customer support and cost. I can help you find one at the bottom of this section which makes the best fit for your investing needs.

Some brokerages offer sign up bonuses to give your investing journey a boost. Learn about getting free stocks from online brokers for signing up and funding your account.

Consider the following brokerage choices for starting to invest money:

→ Step 2: Open Your Brokerage Account

After finding your online broker, you must open an account to begin trading. Opening an account with an online broker is much like opening a regular bank account, and it typically requires that you go through your computer or the company’s website.

Depending on the broker, your location and the rules required for opening a new investment account, it can vary in time required to open your brokerage account.

Some apps like Robinhood take only a short time to input your information, have the company verify it and then clear you for trading.

Some brokers also have extensive processes or procedures they must follow for risk compliance, regulations or other reasons.

You’ll want to make sure your money is safe on Webull, M1 Finance or any of the other investing apps listed above.

→ Step 3: Deposit Money In Your Account

When you buy shares of the company, you’ll need to pay cash for them. This means you will need to deposit money into your account (at least above the minimum opening account balance).

Most brokers enable this instantly through verified services like Plaid. While your transfer clears, some allow you the ability to trade on credit until the funds officially settle in your account.

Thankfully, services like Plaid make this money transfer process quick and easy, not to mention highly secure when funding your brokerage account.

Most brokers rely on direct money transfers from your checking account but others will allow you to deposit money from electronic wallets like PayPal.

→ Step 4: Buy Your Shares of the Company

Now that you’ve found your broker, opened an account and deposited money, you’re ready to begin investing in stocks.

From this point, you’ll need to navigate to the stock within your app, enter the amount of shares (or dollars you’d like to invest with fractional shares) you want to buy, select your preferred order type (e.g., market, limit, etc.) and execute the trade.

For greater control, you may want to use a limit order as opposed to a simple market order. Limit orders allow you to specify a price you’d like to buy the stock or better while market orders automatically execute at the price available from sellers.

In thinly traded securities with large bid-ask spreads, this can result in a fairly sizable difference between what you see the stock trading for and what you actually pay.

→ Step 5: Track Your Netflix Position Over Time

Once you’ve bought your stock alongside other suitable investments, you should use the best portfolio tracker app to follow it over time.

By monitoring the stock after your initial purchase, you can see how its performance aligns with your overall investment strategy.

Consider reviewing the top brokers below to see which makes the most sense for your needs.