How to Buy Apple Stock
Update On Apple's Stock Price
5/1/2019 Update - Apple stock is getting a boost from enthusiastic buyers one day after reporting earnings. The stock is trading around $210 and has gone up steadily after reaching a low of $142 just four months ago.
Investors are applauding strong iPad sales as well as continued increases in Watch and Services numbers. While iPhone sales were down from a year ago, the numbers beat analysts estimates and the company implied that things may be stabilizing in China.
Apple's guidance for next quarter was at the top of analyst's estimates and that is lessening any worry that investors may have had looking forward. The company also announced that it has authorized an additional $75 billion for buybacks and is increasing the dividend by 5%.
All in all it was a solid quarter for Apple and helped calm any fears people might have had after the poor quarter last time.
Here is a look at Apple's guidance for the upcoming 3rd quarter of 2019:
Are You Thinking About Investing in Apple?
Apple gets more press coverage than any company in the world. No matter where you look, you will find opinions on how the company is doing and whether their stock is a "buy" or a "sell."
The stock now sells for about $210 and it has been on a rollercoaster ride the last handful of years. For long stretches it was thought by many to be undervalued when it was trading in the $91 to $150 range. But the last year of trading saw Apple stock rise significantly to over $233 a share. Then the stock went down to $142 and now has come back down almost as fast as it went up leaving investors with a bit of whiplash and wondering whether Apple is a good solid investment or a bit more risky than they might have thought.
Anyone thinking of buying Apple stock needs to be aware that a strong stomach is sometimes needed. Even though they are very strong financially as a company and have one of the most well known brands in the world, the stock seems to go through wild gyrations at times.
Will You Buy Apple Stock Now That It Has Split?
You Need An Online Broker
Before you can buy any stock, you need to open an online discount broker account. It sounds hard but it really isn't and you can do it in less than an hour. First though, you need to choose one and here is a short list of some of the reliable ones.
1) Ally Invest - One of the cheapest at $3.95 per trade
3) Merrill Edge
Any of those brokers are trustworthy and have been around for years. Your money will be safe with all of them and I highly recommend Ally Invest with its cheap fees for investors of any experience level. Its a good broker to get started with because there is no minimum amount requirement to get started like some other brokers.
No matter which online broker you ultimately choose, you will have to fill out some personal information and then put money in your new account. That can be done by wiring money, sending a check, or doing an electronic transfer from your bank to your new account. ***Don't forget to do this as you can't get started buying stocks until you fund your account!***
How To Buy Stock
Once you have money in your stock broker account, you can then buy any stock that is listed on the NASDAQ and New York Stock Exchange right from your home computer. Additionally, you can now do it with most brokers right through their mobile app as well.
Apple stock now sells for around $210 and buying 1 share, 50 shares, or 100 shares will cost you the same in trading fees. Most brokers on the list above charge between $5 to $10 per trade. That means you will pay that fee when you buy your stock shares and pay that same fee a second time when you sell your shares (whenever that is).
When you complete your purchase, you will get a confirmation that the "buy" has gone through and then you will see those shares in your account. Every trading day, those shares will go up and down and your account will as well. Obviously, the hope is that Apple stock will go up after you purchase it and your account balance will go up by the same amount.
Is Apple Stock A Good Buy Right Now?
There are always many opposing views about this:
Although it has been many years since Steve Jobs died, some people in the media still cling to the notion that the companies innovation died with him. They fear all Apple is doing is pushing out updated models of existing products and adding size options. They also fear the intensely competitive world of mobile phones will prevent Apple from making money years from now. They also cite the fact that Apple has a small market share compared to Samsung and that the Android platform is free, which allows other phone companies to more easily compete. There are also those that believe the Apple Watch was a failure even though the evidence proves otherwise. Now people are saying the HomePod is a big failure.
On the other hand, some say that Apple has used the last handful of years to perfectly set up their long term plans. Now they have three new phones with small bezels and big screens to sell in 2018 (iPhone Xs, iPhone Xs Max, and the iPhone XR). In late October there was another event which showed a new iPad Pro and new MacBook Air which are now for sale.
The companeny continues to push its expansion into China and India which should provide benefits for years to come, and the iPhone has proven to be extremely popular in the higher-end markets, even in China. Despite Apple's smaller market share, it continues to dominate in profits which is what being in business is all about: making money.
There is always the opinion perpetuated by the media and Apple detractors that Apple has run out of new products and new ideas. Apple stock suffers time to time because of those rumors but the stock seems to be trading in a more positive fashion for most of the last year. It must be noted that there is no guarantee when you buy any stock (including AAPL) that it will go up and you should always be prepared to accept losses, if they come, as well as gains.
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
Questions & Answers
Is an investment with ally only supported within the U.S., or other countries too?
I believe it is U.S. only.Helpful 5