On June 1, 2009, GM filed for bankruptcy, and a new, non-publicly traded company came about. Despite many warnings against it, there are still plenty of people who want to purchase GM stock. GM stock may still be purchased. However, the stock is no longer on the New York Stock Exchange list.

How to Buy GM Stock

GM stock has been delisted from the New York Stock Exchange since filing for bankruptcy and is only available on the pink sheets. In order to invest in GM stock, you will need to go through a brokerage that has access to the pink sheets. If you do not have a broker, check out the local brokerage firms in your area and find one you are comfortable with.

Educate Yourself Before Buying GM Stock

When GM filed for bankruptcy, two companies emerged: the old GM, now known as Motors Liquidation Company, and the "New" GM. They are completely separate. As of December 2009, the "New" GM is not publicly traded. None of the Motors Liquidation Company stocks or bonds are or will become securities of the "New" GM. There is risk involved in investing in a bankrupt company. Many investors buy stock of bankrupt companies because they believe that the company will emerge as profitable. This is not necessarily the case. In most instances, when the new company emerges, the stocks in the "old" company are worthless. If you are still interested in investing in GM stock, look-up the ticker symbol on yahoo finance to see at what price it is currently trading and to learn more about the history and value of the stock. The ticker symbol for Motors Liquidation Company is MTLQQ.

Things to Consider Before Investing in a Stock

Make sure you are buying the stock for the right reasons. Don't buy a stock simply because you are fond of the company. A lot of people allow emotions to come into play when choosing their investments. This is the wrong thing to do and can lead to a total loss of the invested money. Or you can simply pay more for the investment than it is actually worth. Look at the company's price, profits and management to determine whether or not to purchase the stock. A good rule of thumb is, if you aren't planning on holding on owning the stock for the long term, it probably isn't a good investment.

Source:

Yahoo Finance: Motors Lquidation Company stock info

FINRA.org: Investor Alert