How do millionaires invest in stock?

[LoterGarry]

Hello,

It`s me dum dum again. A billionaire or a millionaire will trade 45 million $ just on Apple. If they do that, they need a broker, right? Since trading and retail traders can only have a 1 million $ account, how do the big guys buy millions of $ worth of stock?

Dont they have to deposit 50 million $ to a broker? How does that work? Say you arent doing much trading but portfolio management.

[JasonByrne]

Those who buy shares for tens of millions of dollars do so on the stock exchange, not from forex brokers.

[DaneShayd]

Institutional brokers handle large trades directly on exchanges. For evaluating whether a stock like Apple is undervalued, I personally use the Intrinsic Alpha DCF calculator to compare its market price to discounted cash flow estimates. It gives me a clearer picture of intrinsic worth without needing a massive account.