How to Buy Facebook Shares | Step-by-Step Guide to Buy (FB) Stock _ Are you interested in investing in stocks? Then, you are at the right place. Today we are going to be unveiling all you may need to know about Facebook shares.
Are you READY for the exposition on this subject? I guess it’s a YES! Then let’s roll.
Meta Platforms, Inc. doing business as Meta and formerly known as Facebook, Inc., and Facebook.com Inc., is an American multinational technology conglomerate based in Menlo Park, California.
The company is the parent organization of Facebook, Instagram, and WhatsApp, among other subsidiaries. Meta is one of the world’s most valuable companies.
It is considered one of the Big Five American information technology companies, alongside Google, Amazon, Apple, and Microsoft.
Meta products and services include Facebook, Messenger, Facebook Watch, and Facebook Portal. It has also acquired Oculus, Giphy, Mapillary, Kustomer, and has a 9.99% stake in Jio Platforms.
In 2021, the company generated 97.5% of its revenue from the sale of advertisement placements to marketers.
In October 2021, media outlets reported that the parent company of Facebook planned to change its name to “reflect its focus on building the metaverse”.
According to Meta, the “metaverse” refers to the integrated environment that links all of the company’s products and services. It was rebranded as Meta later that month on October 28.
If all of this has piqued your interest in Facebook’s growth, here’s everything you need to know about purchasing Apple stock.
How to Buy Facebook Shares | Step-by-Step Guide to Buy (FB) Stock
1. Open a brokerage account
Opening a brokerage account is the first step in purchasing and selling assets such as stocks, mutual funds, and exchange-traded funds (ETFs). However, a brokerage is more than simply a ticket to ride Facebook to the moon.
It also includes all of the information and instruction you’ll need to be a great investor, as well as many sorts of investment accounts tailored to certain goals.
If you’re thinking about investing for retirement, consider a tax-advantaged individual retirement account (IRA).
If you want greater freedom with your investing account—say, if you want to save for your own Telsa in the coming years—you should probably open a taxable brokerage account. These allow you to invest for any purpose or time frame, but you must pay taxes each time you sell an investment for a profit or receive dividend income.
Because not all brokerages are made equal, you should examine the fees, available investments, and services offered by at least a handful to choose which is best for you.
2. Determine the Amount to Invest
You probably can’t sign over your entire income to Facebook. That means you’ll need to ask yourself a few questions in order to determine how much you can afford to invest in Facebook.
- What is your budget? After you’ve paid all of your monthly bills, you’re free to save and invest whatever money is leftover. If you don’t already have one, you should put at least some of that money into an emergency fund, as well as retirement savings. However, the remainder might be used to fund other ventures, such as Facebook.
- How much does Facebook now cost? Stock prices are typically volatile, but Facebook’s stock price has been over $400 per share for the past year. As a result of this, you may not be able to buy a whole share of Facebook yet. Luckily, some brokerages, like Charles Schwab, Robinhood, Fidelity and Stash, let you buy portions of stocks called fractional shares.
- What’s your investing strategy? The majority of individuals invest in one of two ways: with a huge lump sum all at once or with little amounts over time. This latter strategy, known as dollar-cost averaging, may reduce your risk and help you spend less per share on average over time.
- What about your other investments? If you’re already an investor, you should consider how Apple fits into your portfolio. “Any particular stock purchase should play just a modest impact in the average investor’s portfolio,” said Chip Workman, a certified financial planner (CFP) of The Asset Advisory Group. “A decent rule of thumb is that no single stock should account for more than 5% of a portfolio.”
3. Review Facebook’s Performance and Potential
Before purchasing Facebook shares—or any stock, for that matter—it’s a good idea to do some research about the company’s finances, performance, and future prospects. The annual reports (Form 10-K) and quarterly reports of a firm are the best places to start (Form 10-Q). In these, public firms such as Facebook are compelled to publish thorough details on their financial health.
You can also seek the advice of specialists. Brokerage firms routinely issue commentary on key stocks and industries, while third-party assessors such as Morningstar give in-depth research.
You’ll be able to decide how much of your money to put into Facebook if you combine financial facts with professional knowledge.
4. Decide Your Order Type and Place It
You may purchase your first Apple shares once you’ve determined how much you want to invest in the company. Log into your brokerage account and input Apple’s ticker symbol (FB) as well as the number of shares or dollar amount you wish to invest.
You can use a basic market order to buy FB at its current price, or you can use a more complicated order type, such as limit or stop, to buy FB only if its price falls below a specified level.
Because Facebook is listed on the Nasdaq market, you may buy it from 9:30 a.m. to 4:00 p.m. ET Monday through Friday. You can continue to place orders for a few hours before or after the market opens if your brokerage offers pre-market and after-market trading. Any orders submitted outside of trading hours will be filled as soon as the exchange reopens.
Whether you invest in Facebook or other assets, it’s a good idea to monitor their performance on a regular basis.
It’s usually best, to begin with, an annualized percentage return. This allows you to examine how well FB did over the course of a year in comparison to other companies or investments. You may also check Facebook’s financial data to ensure that it is still heading in the right way.
In addition to comparing FB’s performance to that of other stocks, you may want to compare it to industry benchmarks such as the S&P 500 and the Nasdaq Composite Index. This will show you how Facebook compares to the market as a whole.