There is little doubt about the fact that facebook over the years have emerged as a giant in the business sector. Most of us have had the desire of getting associated with Facebook in some way. Now it is not possible for everyone to get a job at facebook but you can buy stocks of the company.
Many of us have always imagined buying shares of a company that have skyrocketed in a no time. Facebook is definitely one such corporation.When you buy stocks in such a company you will in a couple of years time have ample money to chill and travel for the rest of your life. You must still remember that investing is a bit of a complicated affair in reality. You will have to keep a lot of things in mind before you can finally make profit.
Looking at Facebook, it is a US tech company that has traded on the NASDAQ under the FB ticker. The company is valued at a price of $482.6 billion and is the most famous and accessed social media platform in the world. In order to buy Facebook stocks the first and the foremost thing you require is to find a broker who will give you the access to NASDAQ since it is the primary exchange it is traded on. The original market capital of Facebook was estimated to be around $482.6 billion as of March 2019.
Steps to buy Facebook shares
When you are sure that you will buy stocks of Facebook then you will have to follow a formal procedure. Here are the steps to buy the shares of Facebook:
- Find a suitable online broker- The primary step which will get you started is the availability of an online broker. A good online broker has access to a number of exchanges. When you find that a particular broker is discouraging you from buying Facebook shares then you need to understand that he has no access to the NASDAQ. You will come across a number of brokers but remember not all of them will allow you to open an account with them. There are some who are extremely costly while some also offer their services for free. Therefore you must consider factors like trading platform, broker’s fees, find accessible markets for trading, safety as well as the simplicity of opening an account.
- Open a brokerage account- You will have to open an account after you have found out about an online broker. Opening an online brokerage account is similar to opening a regular bank account. The entire procedure is an online process. Some brokers have made things so simple that you will have no difficulty in opening and it is more like opening a Gmail account. While for some the process is complicated and it usually takes days to open one. In this brokerage account you will store money.
- Deposit money onto your account- In order to buy the stocks of Facebook you will have to pay cash. This cash has to be sent to your broker first which is a very simple and quick process. Bank transfer is the most common way of depositing your money.
- Buy the shares of Facebook- The penultimate process, when you are done with the initials it is time for you to buy the Facebook shares. Just log into your online brokerage account and search for the Facebook shares. Once it has appeared just insert the number of shares that you wish to buy and then click the buy button.
Following this process you will get to find your answer to the question how to buy Facebook shares.