Forex Trading

Google Shares: How To Buy in 2023 Full Guide

how to buy google shares

An experienced advisor can offer advice on whether a particular stock fits your overall investing strategy. Google stock has been trading at above $1,000 per share for a while so you might buy a few shares or a lot, depending on how much you have to invest. The next step is initiating a buy order to purchase shares of Google stock. Brokerage accounts are trading accounts that you can open with a brokerage company.

The boom in online trading and investing has resulted in fierce competition between brokers and drastically lower trading costs. Stop Loss and Take Profit orders can be put on your positions before or after you click the ‘Buy’ button. These risk-management instructions instruct the system to automatically sell some or all of your positions if the price reaches a certain level. If the price moves against you, Stop Losses will come into play. If it goes in your favour, Take Profits orders will crystalise some of your gains. This means you can manage your account on a 24/5 basis but without having to watch the price all the time.

Consider investing in Google with ETFs

Today, Google is known for more than just revolutionizing the search engine. Under its holding company, Alphabet Inc., Google’s commercial projects also now include software, cloud computing tools and even cell phones and artificial intelligence home devices. Once you’re ready to buy shares in Google/Alphabet, log in to your investing account or trading app. Type in the ticker symbol GOOGL and the number of shares you want to buy, or the amount of money you’re prepared to invest. One of the easiest, and cheapest, ways to do so is through index funds and exchange-traded funds (ETFs) that seek to duplicate the performance of major market indexes, like the S&P 500. These funds provide exposure to hundreds of investments in just a single share.

how to buy google shares

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Step 5: Review your positions regularly

Maintain diversification within your investment portfolio, and never take your eye off the mark. The stock market is ever-changing—and so, reviewing your portfolio composition periodically is essential to ensure your position is always within your risk appetite and capacity. This lucrative way of earning money has gained immense popularity, even in volatile and uncertain economic climates.

That said, you can start investing in Google stock one share at a time. Stock splits are a common practice used by successful firms whose share price has performed so well that they become too expensive for some smaller investors to buy. Stock splits follow simple supply and demand principles – the number of shares increases, but as the actual day-to-day business of the firm hasn’t changed, the value of the firm remains the same. As a result, each individual share has a lower list price and is more accessible to smaller investors. The good news for investors is that it’s not too late to invest in this magnificent business. The stock isn’t overpriced right now, and shares of Alphabet could soar even higher in the future.

Google quick stats

Alphabet is listed on the NASDAQ, but kept its ticker “GOOG” for Class C shares and “GOOGL” for Class A shares, but more of that later. You can acquire GOOGL as well as GOOG stock via multiple brokers, which we will overview later in this guide. On July 7, 2021, 36 states and the District of Columbia filed an antitrust lawsuit against Google, alleging that the company’s app store illegally abuses its dominance. On Sept. 14, 2021, Google was fined $176.7 million by South Korea’s antitrust regulator for blocking local smartphone makers from creating customised versions of the Android operating system.

how to buy google shares

Carnival is one of the more promising stocks to own while its valuation is down. And given its strong customer base and focus on retirees, it may be a resilient investment to own, even if there is a slowdown in leisure travel in 2024. And speaking of earnings, even though Coca-Cola already sells its drinks in 200 countries around the world, the company still continues to increase revenue and profit and gain market share.

Step 6: Monitor your investment

A financial advisor can help you understand if and how buying Google stock fits in your portfolio. Then the advisor can purchase and manage your investments on your behalf. A new investing year is almost here, and now is a great time to prepare. It’s impossible to predict which stocks will climb the most in 2024 or whether the overall market will soar. Before trading Google stocks, make sure you have utilised the education resources offered to you by the broker you have chosen.

  • At the same time, there are 300 million outstanding GOOGL shares out of which 0.15 % are held by insiders and 80% by institutions.
  • These accounts are designed to let you trade stocks, mutual funds, exchange-traded funds and other investments.
  • Alphabet is in several stock market indexes, including the Nasdaq Composite and S&P 500 index.
  • The money you save from commission-free trading can add up quite quickly if you are an active trader.