If you’re looking to grow your wealth, stock investment can be an option to consider. However, as for all kinds of financial investments, buying stocks can be risky. You should be aware of those risks to ensure you maximise the return on your investments. Here are a few things you can think about before investing in stocks:
Define your investment plan: the amount you would like to invest, the duration of the investment, and the returns you wish to get
Research the stocks you would like to buy: you can check the company’s historical performance, annual reports, financial statements, etc.
Choose the right platform to follow and manage your investment portfolio: benchmark different platforms to get the best fit for you in terms of accessibility, stock portfolio, and costs.
After defining your investment strategy, you can start to look for the most suitable options to buy stocks.
Can I buy stocks and shares online?
Thanks to technology, many investors have the option to invest in the stock market without needing to visit a broker or trading floor. This is possible through online stock trading platforms. There are different trading platforms available, so it pays to explore the options and compare features, fees and other services to ensure your investment is safe.
With Xapo Bank, you can invest in Adobe stocks or Tesla stocks, and a wide range of other stocks from blue chip U.S. listed companies right on the Xapo Bank app. It’s accessible, reliable and safe to use.
Can I buy stocks through an app?
Yes, there are different types of brokerage apps that allow you to buy stocks. Before you get started, however, it’s a good idea to evaluate the app, the services it offers, the fees it charges and the level of security. Xapo Bank members have a unique advantage because not only do they have access to US Dollars and Bitcoin in one place, but they can also invest in the US stock market. Save in USD and Bitcoin, make payments, spend with a debit card and invest in U.S. listed companies, all on one powerful app: the Xapo Bank app.
Can you buy stocks online without a broker?
You usually would need to open an account with an online brokerage firm to buy stocks. Most online brokers offer user-friendly and easy-to-use platforms. Requirements and fees vary, so you should always research the available options and seek professional guidance before investing.
Can I buy stocks directly?
Due to the flexibility and convenience offered, the easiest way to buy stocks is on an app like the Xapo Bank app or by opening an online brokerage account.
However, you can also buy stocks directly from companies if you want. You would need to get a Direct Stock Purchase Plan (DSPP) from the company you wish to buy stocks. The requirements for a DSPP vary from one company to another, so you would need to look into the requirements of the company you are interested in before signing up.
