How To Buy Facebook Shares From Nigeria: Simple Guide
With over 2.8 billion monthly active users, Facebook has established itself as a leading social media platform and a lucrative investment opportunity for investors. If you’re a resident of Nigeria looking forward to buying shares from Facebook, you are not alone because many investors in Nigeria are eager to buy Facebook shares and become part of its growth story. However, navigating the process of buying Facebook shares from Nigeria may be overwhelming sometimes, especially for beginners. Hence, this article is designed to provide you with a step-by-step guide on how to buy Facebook shares from Nigeria, which will definitely help you to make informed investment decisions.
Meanwhile, before venturing into buying Facebook shares from Nigeria, it is crucial to have a solid understanding of the stock market and how it works. You can research about the stock market to learn about different investment terms like stocks, shares, dividends, and market orders. Ensure that you familiarize yourself with the concepts of fundamental and technical analysis to make informed investment decisions.
Steps On How To Buy Facebook Shares From Nigeria
If you’re a Nigerian and you want to buy shares from Facebook, follow the steps below to do that:
1. Choose A Reputable Stockbroker
Before you can buy shares from Facebook, you’ll need to engage the services of a licensed stockbroker in Nigeria. In line with that, ensure that you opt for the services of the broker that is registered with the Securities and Exchange Commission (SEC) of Nigeria to guarantee their credibility. Before you choose the stockbroker, it is vital to research and compare different brokers, considering factors such as fees, trading platforms, customer support, and user reviews etc. Also choose a broker that aligns with your investment goals and that will provide you access to the Nigerian Stock Exchange. Some of the popular stockbrokers in Nigeria include Stanbic IBTC Stockbrokers, Meristem Stockbrokers, and FBNQuest Securities etc.
2. Open A Trading Account
Once you’ve chosen a stockbroker, the next step is to open a trading account. The process of opening the trading account involves completing the broker’s application form and submitting the necessary identification documents, proof of address, and bank details. During the filling of the information, ensure that you provide accurate details to avoid any delays. After filling the form, the broker will review your application and, upon approval, provide you with your trading account details.
3. Fund Your Trading Account
After successfully opening a trading account, you’ll need to fund it. Interestingly, most brokers offer various deposit methods, including bank transfers and online payment systems. Hence it is left for you to choose a convenient method that suits your preferences and transfer the desired amount to your trading account. However, we strongly recommend that you should start with a reasonable amount that you’re comfortable to invest in Facebook shares.
4. Place An Order
Once you’ve funded your account, you’re now ready to buy Facebook shares. To buy the shares, just do this:
- Log in to your broker’s trading platform
- select the appropriate market (e.g., NYSE or NASDAQ)
- Search for Facebook (ticker symbol: FB) within the Nigerian Stock Exchange.
- Select the number of shares you wish to purchase and the type of order (e.g., market order or limit order).
- Finally, double-check your order details before confirming the transaction.
N/B:
A market order executes immediately at the prevailing market price, while a limit order allows you to set a specific price at which you want to buy the shares.
5. Monitor And Manage Your Investment
Now that you have purchased Facebook shares, it’s important to actively monitor and manage your investment. Stay informed about the latest news and developments related to Facebook and the overall stock market. Keep track of your investment’s performance and if possible, set up stop-loss orders to protect your capital. Regularly review your investment strategy and make adjustments when necessary.
How To Invest In Facebook For Only $50?
Since investing in Facebook or any other individual stock with only $50 can be challenging, as the cost of a single share of Facebook stock can be much higher than that. However, there are a few options you may consider if you only have $50 to invest, they are:
1. Fractional Shares: Some brokerage platforms offer the option to purchase fractional shares. Instead of buying a whole share, you can invest in a portion of a share, which will allow you to invest smaller amount of money. Hence, check if your brokerage offers fractional shares and whether Facebook stock is available for fractional trading.
2. Exchange-Traded Funds (ETFs): Instead of investing directly in Facebook, you can consider investing in an ETF that holds Facebook and other technology-related stocks. ETFs are investment funds that trade on stock exchanges like individual stocks. With $50, you can purchase a few shares of a technology-focused ETF that includes Facebook as one of its holdings. This way, you gain exposure to Facebook indirectly.
3. Micro-Investing Platforms: Micro-investing apps or platforms allow you to invest small amounts of money in diversified portfolios. They often offer fractional shares and automated investing features. So you can look for micro-investing platforms that include Facebook within their investment options and allow you to start with a small investment.
Conclusion
Investing in Facebook shares from Nigeria can be a rewarding venture if approached with the right knowledge and strategy. By following these steps, you can navigate the process effectively and make informed investment decisions. Meanwhile, remember to choose a reliable stockbroker, conduct thorough research, and monitor your investments actively. As with any investment, it is crucial to exercise caution and seek professional advice when necessary. All the best as you invest!
