Buy Verizon shares in Nigeria

Investing is one of the affordable and realistic ways to raise capital, and investing in stocks has a number of advantages for beginners. That's why if you have some spare cash, it's wise to invest it in securities.

Share returns can far outstrip inflation, not to mention the fact that such an investment will save you money.

For new investors, experts recommend choosing stocks of reliable companies that produce or sell branded goods or services that are in demand in the market. It is best to look at companies that have a proven track record on the global stage. One such company is Verizon Communications Inc.- an American multinational telecommunications conglomerate and corporate component of the Dow Jones Industrial Average. The company is located at 1095 Avenue of the Americas in Midtown Manhattan, New York, but is incorporated in Delaware.

Ticker: VZ. Stock exchange: NYSE. As of July 2021, Verizon has a market capitalization of $233.74 billion.

Let's take a look at investing in Verizon shares in Nigeria.

The company has a long history dating back to 1877 with the Bell Telephone Company. Since 1899 it became known as AT&T and for many years held a monopoly on telephone service in the US. Verizon, which is now known throughout the world, was formed in 2000, after the merger of Bell Atlantic and GTE. It is now the largest cellular and broadband provider in the US. The company's main financial flows come from the US market.

Today, it is one of the world's leading providers of communications, information and entertainment products. The company provides services to individual consumers, government agencies and businesses.

Verizon Communications has two main areas in which it operates:

1. Wireline Communications--Several subsidiaries of Verizon Communications provide communications products and services, including local and long-distance voice communications, Internet access and television service over fiber-optic cables.

2. Wireless - The company provides wireless communication products and services over one of the most extensive wireless networks in the United States. This segment includes voice services, fourth generation (4G) and fifth generation (5G) wireless networks, among others.

And by the way, in 2018, the company was the very first in the world to announce the launch of a commercial 5G network. Verizon also sells phones specifically designed to take advantage of the higher 5G speeds. And previously it offered a phone that required a special accessory to connect to 5G.

The corporation has many competitive advantages. For example, network reliability, capacity and substantial coverage, a wide range of products and services and a wide choice of calling plans to meet the needs of all types of customers. It also maintains long-term relationships with customers and has launched Verizon Up, a programme that offers various rewards to customers in exchange for points. The program offers customers discounts on products, services and access to events such as sporting events, shows, etc.

The development and rapid introduction of new products and services makes the company attractive for investment.

If you want a combination of relative stability and business security, Verizon is the right company for you, meets these requirements.

How to invest in Verizon shares in Nigeria? 

Verizon's shares are a great opportunity to make money in the stock market. Verizon has seen strong growth over the past decade.

At the time of writing, a VZ share was worth $56.46.

Let's work out together how to invest in Verizon shares in Nigeria, and what does it take?

You'll make it easy for yourself if you make your investment plan and define the goals you want to achieve. Find a reliable online broker with a good reputation and register on their platform.

Shares are a popular investment vehicle that is available to investors with a variety of capital and is designed for a wide range of time horizons.

Decide for how long you want to buy shares. Holders of large capitals are more likely to opt for long-term investments that offer large returns, but in the long term. If you don't want to part with your money for a long time, but want to make a profit, you can choose short-term investments.

Evaluate each option before investing, and only after you have studied them can you draw conclusions, which is especially important for beginners who want to secure a return.

In the case of long-term investments, knowledge of fundamental analysis will come in handy. It helps to take a deeper look into a company's financial and economic condition, its future prospects, and the documents that the company publishes about itself. If you want to put together a smart investment portfolio, fundamental analysis will help you do so. Choose shares of companies that have a stable financial and economic situation and high growth potential.

Diversify your assets - to reduce risk. It is important to invest in several areas. Even if one of them fails, the other can compensate for losses.

Short-term investments require knowledge and the use of technical analysis. It involves the study of charts, indicators, etc. Using technical analysis, you can keep an eye on a few liquid securities.

Technical analysis is one of the most popular tools currently available on the financial markets. It allows you to follow the movements of the stock market and predict the price fluctuations in order to make the right trading decisions.

Currently, CFD trading is especially popular among traders.

A CFD (Contract for Difference) is a contract between two parties (broker and trader) who agree to pay the difference between the opening and the closing price of a particular asset.

Because of its availability, this investment tool has become very popular, especially among those who do not have much capital to enter the market.

The contract can be bought and sold in its entirety at any convenient time, and this is undoubtedly its advantage. Moreover, trading CFDs involves the use of leverage. This is a brokerage service that gives you money several times your own. Using leverage allows a trader to make more profit. Knowing the best ways to invest in Verizon shares in Nigeria allows you to take advantage of the increasing demand for telecommunications technology in the country.  

Using the services of an online broker will make it easy for you to invest in Verizon shares. Because the broker will provide you, as a client, with all the necessary tools to make you comfortable in the financial markets.

How to buy Verizon shares in Nigeria? 

Using a modern online platform, you can easily buy Verizon shares in Nigeria.

But to do so, you need to go through a simple registration process.

The next step will be to fund your real account and buy shares. But before that, you will have the opportunity to take demo account training. A demo account will give you the opportunity to learn how to trade stocks without using your own money.

Registration

Registration is very quick and does not require any technical knowledge. It is as easy as signing up for an account on any social network.

The procedure is standard: you go to the registration page, enter your valid e-mail address and the password you created, then confirm that you accept the terms and conditions of the online platform, but make sure you take the time to read them.

After registering, you will be offered a demo account. It opens automatically and completely free of charge. On it, you will see a virtual amount of money in the minimum amount set for the platform.

What is the purpose of a demo account? 

• First, to get to know the trading platform and the special features of the trading market. You will be able to examine the charts and analyse the stocks.
• Secondly, you will learn about financial instruments. You will be able to test each of them and understand how they work.
• Thirdly, you will sharpen your technical skills. In real trading, you do not have time to think over your actions and need a fast reaction.
• And finally, to test your trading strategy. You will be able to see in practice how it works and immediately realize where the drawbacks are and bring everything to perfection.

Real trading account 

Once you get the hang of this demo account, you can open a real account and start trading stocks for real. This is easy to do by clicking on the 'Fund your Account' option. You will then be redirected to the payment page. You can now transfer money to your account using a bank card or through one of the payment systems offered by the online platform. Using the same payment systems, you can also easily withdraw your funds.

The minimum deposit amount set on the platform is usually just a few dollars.

How to buy Verizon shares in Nigeria with the least risk? 

Risks surely scare you about the likelihood of not getting a return on your investment or losing it altogether. But giving up investing altogether would be wrong. It is important to take the time to learn about stock trading. By taking the time to study and understand how the stock works, you will make the right investment choice.

The expected earnings of the company in the relevant year will determine the value of the stock. Before you buy, go to the broker's website, look at the quotations and study the company's news. Pay attention to how the share price has changed recently. Familiarize yourself with the company's future plans and economic strategies.

When buying stocks always take into account that their price is affected by many factors such as the state of the world economy and political situation in your country and the world, the activity of competitors, the financial condition of the company itself, etc.

Also, make sure the trading platform is suitable for your individual needs before parting with your money. The most effective way to do this is to start with small amounts as a means of checking out your broker. Once you are happy with the services offered, you can then make a more serious commitment.

A modern platform provides services such as free video training, chatting to other members and access to stock information. You'll be able to see charts of price movements and more. Support is available 24 hours a day, 7 days a week to help you.

Have a great investment!