How to Buy Facebook Stock Online| North Loop Official Blog
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29 Sep 2020

How to Buy Facebook Stock Online

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Facebook, Inc. is one of the biggest social networking companies in the world, which enables people to connect, share and communicate with each other. FB has over 2.7 billion monthly active users. It also has a host of apps such as Instagram, WhatsApp, and Messenger.

Amid the pandemic, FB has had a robust growth as seen by its second-quarter earnings report. During the quarter, the company’s net income increased by 98%, income from operations increased by 29%, and total revenue increased by 11% year-over-year.

The stock has gained close to 100% since its March low as people are spending more time on social media amid the pandemic and companies are using them as the key advertisement platforms.

Answer to “Should I buy FB stock”? -

If “should I buy FB stock” is your main confusion right now, then you must read this to understand why many analysts are in favour of buying this stock and clear some of your confusion. However, the final investment decision should be taken by you after complete consideration and research.

Facebook, the largest social media company in the world, continues to grow larger according to its second-quarter earnings that reported an increase of 12% year over year.

As people continue to use Facebook to stay connected during the pandemic, the company has observed an increased engagement as people use its products to connect with other organisations and their close ones. That is a positive trend which has also been noted by the company’s recent earnings report.

Even though Facebook does not mention specific user numbers for Instagram, WhatsApp or Facebook Messenger, it consolidates those numbers as well to calculate its daily active people (DAP) and monthly active people (MAP) data. Both of these have undergone an increase in the second quarter with the MAP increasing 15% YoY to 2.47 billion people, and the DAP 14% YoY to 3.14 billion people.

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How to buy Facebook (FB) stock in India/How can Indians buy FB stock? –

To buy FB stock in India, you can follow the steps below:

Find an online investment platform: Find a broker who has access to the NASDAQ and meets your requirements. Factors such as the broker’s fees, trading platform, access to trade markets, ease of opening an account are vital while selecting a broker. If you choose an online platform like North Loop, you can easily open an account and begin investing on your own or even get the help of a skilled financial advisor. It also offers quality customer service and a user-friendly interface.

Open a brokerage account: Once you have selected the broker, you must open a brokerage account with them. A brokerage account enables you to trade stocks.

Deposit money in your account: After opening the brokerage account, you have to deposit money to purchase the stock. You can use various modes of payment to do so like bank transfer, debit card, credit card etc.

Buy the FB share: Once you get an operational account with the brokerage of your choice, you can log into your account, search for Facebook shares, select the number of shares you want and click on Buy.

So if you were wondering how can Indians buy FB stock or how to buy-sell FB stock, we hope this article helped you get a clearer picture.

Other key points to consider -

Once you start to buy/sell FB stock, it is necessary to review your share positions regularly and also keep tracking the business performance. By looking at the quarterly or yearly reports, you can determine whether it is in line with your long-term financial goals or not.

If you are an NRI, knowing about the Liberalised Remittance Scheme (LRS) under the Foreign Exchange Management Act, 1999 (FEMA) is also necessary. Under the LRS, you are allowed to freely remit up to USD 250000 per financial year for any permissible current or capital account transaction or a combination of both. If you invest in shares in the US stock market (such as FB stock), it gets considered as a capital account transaction. You do not need to repatriate the accrued interest or dividends on the deposits and investments made in the US that means the dividends earned on your investments can remain retained abroad.

How to buy FB stock through North Loop -

Download the app from App store/Play store or visit its website
Sign up on North Loop
Open an account on it
Deposit money into your account
Start investing!
(You can even opt to invest in fractional shares)

Conclusion -

If you follow the above steps, you can buy FB stock in India without any difficulty. However, the financial market is vast, and for gaining expertise, a considerable amount of research and experience is required. So, to invest in stocks like FB, you should choose a platform that provides you not only with convenience, portfolio diversification and quality customer service but also access to professional advice wherever needed.

The above information is for general purposes only. We recommended doing your own research before investing.

To invest in FB stock with North Loop, sign up here.

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.