We don’t need an advisor to tell us about investing in stocks when it comes to some well to know companies like Google, Apple, Amazon, Facebook. Unlike mortgage-backed securities, you won’t find the value of these assets turn nil in a fortnight. Tech companies like Apple and Google are trusted stocks in investor’s portfolios and here are ways you can own a piece of the pie.
Tips on when you buy stocks in India
You are allowed to invest in international stocks through RBI’s LRS route allowing you to invest up to$25o,000 a year
- Make sure you are investing under an RBI regulated broker with a sound track record
- Know the currency exchange rate to have a perspective of how much the stock is worth for when it is time to cash out the stocks
- Invest through a trusted app or broker
- Keep a balanced portfolio
— Benzinga (@Benzinga) July 17, 2021
How to invest in foreign companies
- For investing directly in foreign companies you will first have to open an account with a brokerage firm that provides overseas trading. Some overseas trading facilities include ICICI direct and Kotak securities.
- Submit the necessary documents for opening your account as well as Know Your Customer (KYC)
- You will have to transfer money to the international partner of your domestic equity firm.
- Submit documents pertaining to the statement under LRS, sign a form from Foreign Exchange Management Act (FEMA)
- Document authorizing the designated bank as the designated dealer
Good Morning Asia!
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— Benzinga (@Benzinga) April 23, 2020
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Warren Buffett said he was wrong in selling some of his share in Apple last year a decision that went against his advisors,
“I sold some stock last year,” the famed investor said at Berkshire Hathaway’s annual meeting on Saturday. “That was probably a mistake.” writes Business Insider
Berkshire’s stock portfolio has the strongest hold on Apple’s stock and the company has roughly tripled its money on the iPhone maker since investing $35 billion between 2016 and 2018. Read more about his Stocks in Apple here.