Before we proceed let’s explain how to buy shares through a broker let explain the following
HOW TO BUY STOCKS IN AFRICA
WHAT IS A STOCK?
A stock is also known as shares or equities which are security that represent you own a part of the corporation.
An individual or group of people who owns a stock are referred to as stockholders or shareholders.
A shareholder or stockholder is authorized to a proportion of the corporation’s assets and earnings.
Stock is bought or sold mainly on stock exchanges e.g. London stock exchange (LSE), New York stock exchange (NYSE), etc.
WHAT IS A STOCK EXCHANGE: HOW TO BUY STOCKS IN AFRICA
Stock exchange(s) are where stocks are been either bought or sold like U S exchange which is the New York stock exchange (NYSE), The National Association Of Securities Dealers Automated Quotation System NASDAQ
WHY SHOULD I BUY STOCKS?: HOW TO BUY STOCKS IN AFRICA
Many people buy stocks (shares) for two major reasons
- Capital appreciation: this means a stockholder or shareholder buys stock/shares expecting the price to go up in other to make profit.
e.g. assuming you bought Apple shares at $300 each and in the next 6-12 months the share price appreciate up to $400 that means you have made an extra $200 for owning a part of Apple shares
- Dividends: people buy shares in expectant to get some income from the company, on a periodic basis. This means the company pays it’s shareholders profits made within a period, or when they sell an asset.
WHAT DETERMINES THE RETURN ON SHARES?: HOW TO BUY STOCKS IN AFRICA
Capital appreciation and dividends are factors on return earned on shares
Capital appreciation is the increase in a company’s share price.
Dividends are paid to shareholders when a company makes a profit regularly (typically annually).
HOW MUCH SHOULD I INVEST IN STOCKS?
No rule says you must invest a certain amount in stocks but it’s been recommended you invest 20% of your income in savings and investment.
SOME OF THE STOCKS IN THE MARKET: HOW TO BUY STOCKS IN AFRICA
Apple, Inc. (AAPL)
Amazon .com Inc. (AMZN)
Coca-Cola Company (KO)
Payoneer Global Inc. (PAYO)
Adobe Systems Inc. (ADBE)
Microsoft Corporation (MSFT)
Netflix, Inc. (NFLX)
Nike, Inc. (NIKE)
alphabet, Inc. (GOOGLE)
Shopify Inc. (SHOP)
Tesla, Inc. (TSLA)
WHERE TO STORE, BUY AND SELL STOCKS/SHARES AS AN AFRICAN
There are many platforms you can buy or sell your stocks or shares but we are only going to review an app you can buy all countries stocks mainly for Africans
The name of the app is called Chaka which can be downloaded on the play store for android users
Chaka is an investment platform that’s authorizing individual’s access to invest in Global stocks directly from your home with your pc or smartphone.
How to use the Chaka app?
Chaka is user’s friendly and best platform for beginners that want to invest in stocks.
Firstly, to be able to buy stocks using the Chaka platform you must be a registered and verified user
Click here to register for an account
Fund your account by mobile transfer through the help of flutter wave on the Chaka app integrated for users to fund their account without stress. You can fund your account with your ATM card (master card, verve, visa, American Express, and Discover cards.)
After funding your account find any stock suitable for you to invest in.
You can withdraw your money to your local bank account at your convenient time without issues.
For more understanding concerning Chaka kindly read their FAQ for a better understanding.
Kindly comment if you find this article helpful.