We just discussed how different types of companies stocks are sold on different exchanges. So when you want to buy a stock, how do you know which exchange to use?
You’re going to like this answer.
You don’t need to worry about it.
Because when you go to buy a stock, it will automatically go to the right exchange. For example, if you place an order to buy Microsoft shares, it will automatically go to the NASDAQ exchange.
If you place an order to buy Sprint stock, it will automatically go to the New York Stock Exchange (NYSE).
That’s where these different stocks are traded. Isn’t that easy?
Wouldn’t it be nice if everything was like that (like understanding your phone or medical insurance bill)?