Stock trading has become increasingly popular over time, and as a result, there has been a significant rise in questions about how to buy shares. This is no exception to Nigeria where many people are seeking ways to grow their money and keep up with rising inflation rates. Facebook is one of the biggest social media platforms in the world, hence, buying Facebook (META) shares will turn out to be a profitable investment for many Nigerians. Thankfully, due to technological advancement, learning how to buy Facebook shares in Nigeria is simpler than you would have thought.
In this article, we’ll walk you through how to go about buying Facebook shares in Nigeria. Have a good read!
What are Facebook Shares?
In simple terms, a stock is a percentage of ownership in any valuable company such as META, or any financial asset. Therefore, Facebook shares are simply ownership stakes in the company. Let’s put it this way— when you buy Facebook shares, you become a shareholder and have a say in how the company is run.
Investors who have shares in a company can keep them for a set period of time in anticipation of a rise in the share price and dividend payments.
Why Should I Consider Buying Facebook Shares?
META stocks are among the financial market’s most notable and valuable shares, so it is not a surprise why many people are looking to buy. There’s no doubt that you’ll get a great return on investment (ROI) when you become a shareholder in the company. The reason is not far-fetched — Facebook is one of the most used social media sites in the world and its users continue to grow every day. In fact, Facebook has been profitable every year since it went public and it is predicted that its share price will only go up in the future.
If you’ve ever considered buying Facebook shares, now’s the time to do it and watch your money grow. Also, the good news is: with your Changera virtual card, you do not have to worry about making the international transactions necessary for this process.
Factors to Consider Before Buying Facebook Shares
While most analysts consider buying shares in a company like Facebook a good growth investment, it is important to keep a few factors in mind to ensure that you’re getting a good deal.
The first thing to consider is the current market value of the stock. In addition, it’ll be good to look through the company’s financial history to determine its stability. Finally, before making any major investment decision, it is always advised to consult with a trusted financial advisor.
Steps Involved in Buying Facebook Shares in Nigeria
In Nigeria, the only way to buy Facebook or Meta shares is through a legal broker. Here’s a comprehensive guideline to help you navigate how to buy Facebook shares in Nigeria:
Choose a reputable broker
This is the first step to take when buying shares in a company. There are usually a lot of brokers to choose from but you can narrow down your options by considering a few factors. These factors include the fees, expenses, and margin rates that the broker provides to acquire Facebook shares.
Also, you should consider the research, instructional resources, and account types that your online broker will provide you in trading this stock.
Keep in mind that some brokers may prove too expensive for regular investors but you can find alternatives that provide free services or commissions.
Create an account with the broker
Once you’ve selected your broker, the next step is to create an account with the broker, because you can only buy Facebook shares with a broker account. Also, this account will be used to monitor your transactions— just like a virtual bank account.
Some brokers require only an email address to create an account, while some take several days to conduct a “Know Your Client” (KYC) background check.
Upon completion of registration with the brokerage firm, you’ll need to deposit some money into your account to purchase the Facebook shares. It is at this point that you’ll specify the number of Facebook shares you want to buy and how much you’re willing to pay for them. Your broker will then use their professional expertise to get you the best price.
To make things a lot easier for you, you can fund your stock trading account directly from your Changera wallet. Also, with your Changera Easy Dollar Card, you do not have to worry about restrictions on funding international transactions.
Decide your approach
For long-term objectives, it is advisable to choose investment plans that decrease risks and allow investors to pay average prices that are not too costly. This can be accomplished using dollar-cost averaging— it is prudent to acquire dollar shares at intervals regardless of price.
You can also read this post on how to make transactions with your Changera virtual dollar card.
Overall, you should consider how Facebook fits into your investment portfolio. Generally, the following are tactics for buying Facebook shares:
- Intraday trading of stocks.
- Acquisition of shares to hold long-term.
- Sell short the share.
- Using algorithmic stock trading.
- Swing trading: which involves buying and selling of shares in the short-medium term.
A good approach for beginner investors in Nigeria is to buy a single share in a company— yes, one share! With the emergence of commission-free stock trading, this has become a more favorable option.
Place your order
This step operates similarly independent of the platform you choose to buy Facebook shares. Sign into your online broker account and look for Facebook shares (META). Then, enter the number of shares you want to acquire, and click the purchase button to complete the transaction.
Monitor the performance of your stock
Buying Facebook shares doesn’t end at completing the transaction, you will need to monitor your portfolio’s other components as well.
For long-term retention of your Facebook shares, you should consider doing yearly evaluations. However, if your trading approach is short-term, you’ll need to analyze your portfolio much more often.
You can compare your investment to other investments using specific benchmarks to see how well it performed.
Conclusion
META remains one of the most well-known stocks available today, hence, buying Facebook shares is an overall good buy. Fortunately, technology has made it possible to buy shares through different methods. The easiest way to do it is to go through a stockbroker.
There are a number of benefits to buying Facebook shares. One benefit is that it’s a good way to diversify your investment portfolio and since Facebook is a public company, you can easily sell your shares if you want to. Also, with the ever-increasing inflation, buying Facebook shares is a way to ensure financial growth and beat inflation.
Thankfully, by creating an account on Changera, make the transactions needed to buy shares in the most seamless way possible.
Once you’ve done your research, you can go ahead and invest now.
Discussion about this post