If you have been wondering how you can buy Paypal shares, this article will show you how you can do so easily.
We’ll walk you through the top 3 brokers to buy your PayPal shares, as well as a step-by-step guide on how to buy the shares.
Read on…
Top 4 Recommended brokers to buy your PayPal stocks
1. Degiro
This is one of the best platforms that have the highest number of brokers in the whole of Europe.
What makes it different and unique from other brokers is that they are user-friendly and its fees are very low.
2. Interactive Brokers
Interactive Brokers offer brokers stocks, bonds, and options. They are one of the biggest brokerage firms in America.
They also have the highest operating electronic trading platform.
3. Trading 212
This is one of the best brokers when it comes to buying PayPal shares, they also deal with digital currencies and you can trade with them in the forex market.
4. Bamboo
Bamboo is a leading brokering apps in Africa. If you are in Nigeria, Ghana and other African countries approved, you can use this app to purchase PayPal shares.
How to buy PayPal shares
Buying PayPal shares can be less challenging when you follow the following steps.
- Do your research
- Find an expert broker
- Create your broker account
- Deposit funds into Your Account
- Decide your Budget amount
- Study the Market conditions
- Buy PayPal Stock
- Monitor your PayPal stock Regularly
1. Do your research
Never try to invest in any stock without doing your research. It’s necessary to carry out detailed research to understand the financial position of the company in which you are planning to invest your money
Wondering how you can find out their financial position?
All you have to do is to check out the company’s form 10-k and see their annual report which is published every year.
Through the annual report, you will know how the company is making its money, its net worth, its risk and losses, and the challenges that they are facing.
Knowing the above information is guiding you to make an informed decision.
2. Find an expert broker
Choosing the right broker to buy from might seem difficult, but it shouldn’t be.
Keep in mind that each broker will have an advantage or disadvantage.
Take for instance you get a broker that doesn’t charge as much, but their services don’t come with features that benefit you in the long run.
On the other hand, you might get a broker whose fees are expensive, and yet their services come with features that give you an added advantage.
3. Create your broker account
Creating your broker account is simple. All you need is just at least 15 minutes and all your required details will be collected and submitted
4. Deposit funds into your account
Once you have created your account, the next step is to fund the account by depositing some money.
You can find your account by making a bank transfer, or linking your debit card and making the payment.
This process may vary from broker to broker. Find out the process of funding your account with your chosen broker, and follow it.
5. Decide your budget amount
Deciding how much you can and should invest is critical. Investing and trading in the stock market is a risk; you might make gains and sometimes losses.
You want to be investing your spare funds, or funds you saved for investing. You don’t want to be investing the money that should go into meeting your daily needs.
Many times making a good profit from a stock investment usually takes 3 – 5 years. As the gain may not be immediate, you’ll need enough money set aside to sustain you.
You may be wondering, why keep the stock for so long when I can sell my stock, take the profit, and leave the market?
Well, sometimes the market can be very unstable. If you sell too early, you might lose out on long-term profit.
If you’re going for the long term, it’s advisable to invest in an individual stock.
Why?
If you invest in individual stock the chances of you making a loss are very low, and you can set the gain that you want to sell your stock to at least a minimum of 3-5%.
Another thing to be aware of is that you don’t need to invest all your money at once. You start with a moderate investment, then keep adding more money as you see the marketing growing.
Regardless of how well you monitor the market, anything can happen. So, only invest what you can afford to lose.
6. Study the market conditions
Before you invest, you must carry out a general stock investigation to ascertain the condition of the market at a particular point in time.
For example, when there is a bear market you shouldn’t be investing. You have to wait for the market to go back to normal.
7. Buy PayPal stock
Now you have funded your account, you can go ahead to place your order for the number of shares you want to buy.
Keep in mind that there is something called market order and limit order which will influence your purchase.
A market order is when you buy your shares according to the specific price of the market, while a limit order is when you decide to buy shares based on the funds that are available or that you can afford.
8. Monitor your PayPal stock regularly
After buying your PayPal stock you monitor the process to see how the market is moving. That is if it is moving favourably or disfavorably.
People who are buying for the short term need to go constantly and check how the market is performing.
They need to set up the right tools that will help them to be profitable in the market.
Tools like Stop Loss needed to be set to minimize risk.
In addition, monitoring the market helps them know when there is a slight increase so that they can sell their shares and make a profit.
If you are going for the long term, you need to constantly check the market, in case of any odd you will know how to rebalance yourself.
Reasons you should invest in Paypal shares
If you’re wondering why you should invest in PayPal shares, here is some information about PayPal that makes buying its shares a wise financial decision.
PayPal is one of the leading online payment gateways. Having a presence in over 200 countries has made it one of the most preferred platforms for online merchants.
PayPal also boasts of low transaction fees compared to other platforms like Visa and MasterCard. Its integration with eBay generates over $15 billion for the company alone.
In the crypto world, PayPal has made it easy for users to use their PayPal funds as a means to buy coins.
It also allows users in the cryptocurrency world to spend their funds easily.
All the above gives pointers to the fact that PayPal is futuristic in its operations, and its shares it’s projected to grow favorably over the years.
Paypal shares are growing rapidly
If you’re still skeptical about the future of PayPal’s shares, again you can do your research, look into its financial statements and make a decision.
However, below are two major PayPal shares breakthroughs that happened that are shocking the world.
The first one is PayPal investors were able to gain 200% of their investment in just 1 year with this in…
This means if you had invested $10,000, you would have gained $40,000.
The second breakthrough is the one in which PayPal shares grew by 200% in six months all in the space of 5 years (between 2015-2020). PayPal shares were able to make waves and also double the ROI by 200% for its investors.
Pros of Paypal shares
The key reason why you don’t need to be afraid of buying PayPal shares is, this company is trusted by many e-commerce stores as means of payment, and this company is available across 200 countries of the world.
PayPal is the only platform that has partnered with many e-commerce stores around the world. If you go to China, the top e-commerce stores like Alibaba, Aliexpress, and Other top brands are using PayPal as their means of payment.
PayPal has the highest number of users approximately 400 million, across the globe using PayPal as their means of payment.
PayPal has recorded a lot of success stories, one of which was their high financial returns in 2021 which blew the team and the world at large.
There are many e-commerce stores these days across the world and there will be a high demand for PayPal as means of transaction which validation that PayPal will stay for a long time due to the high demand for its services.
Conclusion
Stock is not a Ponzi scheme that can get you rich overnight. You need to invest with a long-term mindset.
Remember to set a budget, and not invest all your money at once.
Constantly add funds to your portfolio if you see the marketing moving favorably.
