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- You can buy Apple shares by opening an account with an online broker.
- It’s wise to look into a company’s performance and financials to ensure it’s a safe investment.
- It’s best to develop an investment strategy and monitor your investment regularly after buying stocks.
Tech giant Apple made its public debut in 1980, listing its shares at $22 a share. Its inventory — which is currently near the $150 range – has fluctuated over time, splitting five times since 1980 and hitting an all-time high of $180.96 on January 3, 2022.
If you’re interested in adding Apple stock to your investment portfolio, you have several options to do so. Below is the financial advisor Route. However, if you prefer to invest or trade yourself, you can start with an online broker.
1. Set up a brokerage account
To invest in Apple, a retail investor needs an account authorized to own securities; These are called mediation Accounts, Andre Jean-Pierre, Investment Advisor and Managing Director Aces Advisors Wealth Managementexplained.
“These accounts may be taxable or non-taxable; taxable accounts — also called nonqualifying accounts — are funded with after-tax dollars where you can buy and sell stocks and other securities.”
Broker accounts facilitate market access and allow you to invest in stocks, options, ETFs, mutual funds, bonds and more. Individual accounts are generally the best option, but you should use a joint account if you plan to invest with a partner. And while IRAs are another option, they may not be the safest choice since Apple stock has had a volatile history.
Additionally, there are several online brokers and investment platforms to choose from, but the best offer $0 minimum requirements for self-directed trading, commission-free investing, web and mobile access, and comprehensive customer support.
Also, you may be able to buy fractional shares depending on your broker. As of November 18, 2022, Apple’s current price surpasses $150, so fractional shares could be great for those who still want exposure without paying the full amount for a share.
And if you want lower-risk options like ETFs, mutual funds, and index fundYou can still get exposure to Apple by focusing on funds — like the Vanguard 500 Index Fund, the Simplify Volt Cloud and Cybersecurity Disruption ETF, and the Fidelity 500 Index Fund — that offer it.
2. Research Apple’s finances
It is important to do your due diligence on a company before becoming a shareholder. Several resources – including balance sheetsRecords of recent shareholders’ meetings, company quarterly earnings reports, income statements and market analysis – can help you make sure it’s a good financial situation.
“Apple is a good stock for those who want to own a stable company that pays a consistent dividend [and] which is also still growing in new markets,” says Jean-Pierre. “Although they’re not growing as fast as they used to, Apple is one of the companies that I categorize as large-cap growth and that also pays a dividend to the owners of the company.”
And while analyzing a stock’s historical performance is useful, you should also pay regular attention to news affecting the company and its industry. As we recently saw in 2022, the economy can also heavily affect the stock market, causing downturns and forcing investors to endure inflation and rising interest rates.
3. Decide how much you want to invest and place an order
Both the amount you wish to invest or trade and the frequency of your contributions depend largely on your personal goals. risk tolerance, and time horizon. This varies from person to person, and it’s always wise to make sure you have a strong emergency fund before buying stocks.
“Investing is very different from trading,” explains Jean-Pierre. Trading, he added, tries to outsmart the overall market by finding price inefficiencies to exploit. “But investing is about owning property and reaping the long-term benefits of owning companies that are growing, allowing you to participate financially in their growth.”
additionally Type The order you use is crucial when it comes to getting the stock price you want. Your order type basically tells your broker the price at which you want to fill your order. You generally have access to four types:
- market order: These orders are filled instantly, so your price per share represents the current stock value of your stock. These orders don’t let you set the stock price at which to execute, so they’re not a good idea for those looking to save money and beat the stock’s current market value.
- limit order: Limit orders allow you to set a price threshold for your shares. For example, if Apple is trading at $150 and you set a limit order at $148, the broker will only fill your order if the stock’s value falls to that price.
- stop order: Also known as stop-loss orders, these give you the ability to set a stop price on your investment. When your stock reaches this price, it becomes a market order and is filled immediately.
- stop limit order: You can also set a stop price for Apple with this order type, but the order becomes a limit order once it reaches that price and is filled at that price or better.
Once you’ve selected your order type, you’re ready to buy the stock(s) and develop an investment strategy to grow them.
4. Review your purchase and monitor your order
After placing your order for Apple shares, you should confirm that the broker has filled the order and everything looks fine. After this step, it is advisable to monitor your investment from time to time to ensure that it is meeting your goals and performance expectations.
The first strategy is a more passive approach to wealth accumulation. You invest a lump sum in a stock and hold that investment until you’re ready to sell it. With this approach, the hope is that by the time you schedule the payout, the value of the investment will have skyrocketed.
The latter strategy (dollar cost averaging) allows you to gradually buy shares in Apple. Whether the frequency of these posts is weekly, monthly or yearly is entirely up to you. But it’s also important to note that neither method is immune to market fluctuations, so it’s wise to keep this in mind when investing.
“It’s important to realize that growing over time by investing in companies that are performing well is a more stable path to wealth than guessing prices week-to-week in an unknown future,” Jean-Pierre said.
How to sell Apple stock
Selling stock is as easy as buying it. You can generally perform this action by navigating to the “Trade” section of your investment platform’s website or mobile app. The platform gives you the option to sell either a number of shares or a dollar amount, although this can vary depending on the investment you are selling.
In addition, it is important to note that you are responsible for selling shares capital gains taxes when tax season comes. And you pay more or less depending on how long you’ve held the investment. For example, short-term capital gains taxes apply to investments you’ve held for a year or less, while long-term capital gains taxes apply to investments you’ve held for more than a year. Short-term capital gains taxes are typically higher than long-term capital gains taxes.
The final result
If you want to buy a piece of Apple stock, you must first set up a brokerage account. But before you place your order, it’s important to make sure you’ve done your homework on the company’s financials and historical performance. This can give you a better idea of whether a stock is a worthwhile investment.
In addition, you can invest in Apple not only through individual stocks, but also in funds that contain Apple. But you should make sure your strategy aligns with your overall risk tolerance, investment goals, and budget.