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Wednesday, October 27, 2021

US Stocks: Buy foreign shares for less than Rs 100; Investment opportunity in companies like Facebook, Amazon and Google

US Stocks: If there are investors in the stock market, then its scope is not just the domestic market. You can also take advantage of the growth in the global market. The size of the global market is many times more than the domestic market. This means that by not investing in the global market, you are letting the big opportunity go by hand. That too when it is very easy to invest in big markets like the US or Europe. At the same time, it is also convenient that if you do not have much money, then you can start investing from less than 1 dollar, or less than 100 rupees. With this, you can become a shareholder in big companies like Amazon, Google, Facebook or Apple. Let’s know the details… ..

Do not be afraid to see the price, start investing with 1 dollar

Now you would think that investing in foreign markets is expensive. This is also legitimate because the price of one share of Google is $ 1772 i.e. about 1.33 lakh rupees. At the same time, Facebook has a share of $ 277, while Apple’s share is $ 119. But it is not the case that more cash will be required to invest in foreign markets. It can be started from just 1 dollar. There are some platforms from where you can avail the facility of Fractional Investing. For example, the global investing platform of Axis Scorities. With this, you can start investing in shares of high prices with a minimum of $ 1.

Why should you invest?

  • By investing in the global market, where you can diversify your portfolio. At the same time, risk can be reduced through diversification.
  • Investing in global stocks also helps you to take advantage of the depreciation in the rupee. In the last 35 years, the rupee has weakened at an average of 6 percent every year. It can be understood that in September 2004, the price of 100 dollars was about 4600 rupees. At the same time, today the price of 100 dollars has been around 7500 rupees. Then the price of one dollar was around 46 rupees. Today it has increased to more than 75 rupees.
  • The third is the benefit of growth in global stocks. Like Google’s IPO came in 2004. The company’s IPO was priced at $ 85. Now Google’s stock is at $ 1772. That is, if someone had invested money then his money would have been 21 times as of today.

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What to do for investment?

In order to invest in any company in the US market, a broker registered with the US Regulatory Security Exchange Commission (SEC) has to open a demat and trading account. It is similar to a demat account opened in India. Through this account you will be able to pay and will be able to take your shares in demat. But before opening this trading and demat account, the investor has a Know Your Client (KYC). This process is also similar to that of KYC in India.

Payment is in dollars

Under the Liberalized Remittance Scheme of RBI, any Indian can take up to 2.5 lakh rupees. On receiving the dollar, it has to be transferred to the trading account of the American broker. After this you can buy a stock of choice from it. If you want to bring this money back to India, then selling the shares will have to be paid in dollars. After this it can be transferred to the bank. When you convert rupees into dollars or dollars into rupees, then you will get money according to the exchange rate at that time.

Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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