If you are wondering how to invest in Apple
, you can follow the steps below:
Find an investment platform: Look for a broker who has access to the NASDAQ and meets your requirements. You should pay special attention to factors such as the broker’s fees, access to a trading platform, trade markets and the ease of opening an account as they are vital when selecting a broker to invest Apple stock.
To invest Apple stock online, you should choose an online platform like North Loop. You can easily open an account on it and begin investing by yourself or with 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: Before beginning your investing
journey, you have to deposit money into your brokerage account once you have opened it. To do so, you can use various modes of payment to do so like bank transfer, debit card, credit card etc.
Buy the Apple share: After opening your account and depositing the money, you can log into your account, search for Apple shares, select the numbers you want and click on Buy.
If you are an NRI, you should be aware of the Liberalised Remittance Scheme (LRS) under the Foreign Exchange Management Act, 1999 (FEMA). Under the LRS, you can 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 say Apple, it gets considered as a capital account transaction, and you will 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.