How to buy Afterpay stock
Buy now, pay later is taking over e-commerce payments. Consumers benefit from increased flexibility for making purchases. Merchants benefit from selling more inventory. And investors benefit from the opportunity to invest in a great group of growth stocks, including Afterpay.
Afterpay only launched in 2016, but the buy now, pay later company has expanded rapidly. Though a relatively young company, Afterpay is an ASX 200 constituent and, with a market capitalization of over $20 billion, at the time of writing, making it one of the largest publicly listed companies in Australia. It now has more than 7 million customers worldwide and represents one of the largest Buy Now Pay Later (BNPL) companies in the world. By comparison, Swedish fintech player Klarna – which also has a BNPL offering – in its most recent funding round hit a valuation of around US$5.5 billion. Other Australian-listed BNPL companies include: Zip ($2.96 billion), Sezzle ($1.74 billion) and Splitit ($587 million), at the close of Tuesday, 25 August.
How do I buy Afterpay stock?
Afterpay trades on the OTCMKTS under the ticker symbol "AFTPF." Look for a platform that has a solid research and reporting section that can give you important information about Afterpay, including company overview, price history, recommendations and price forecasts. Commission-free trading can make a big difference, especially for investors with small accounts. Some most popular online brokers for beginners are Robinhood, Fidelity, Charles Schwab, Interactive Brokers, Vanguard, TD Ameritrade, and E-Trade. Fidelity ranked highest of all the brokers in the areas of research tools and investment research. Charles Schwab ranked No. 1 in customer service, with Fidelity and Vanguard rounding out the top three. TD Ameritrade, Interactive Brokers, and E-Trade ranked highest when it came to option trading platforms. Robinhood ranked the highest when it came to mobile platforms and app-based trading. T
If you’re put off by the prospect of having to carry out all your own trades, one option would be to opt for a robo-adviser. Robo-advisers are a simple, relatively inexpensive way to invest in shares.
If you have a larger amount to invest, you could pay for the services of a financial adviser. You can find out more information about financial advice from Citizens Advice. For lists of independent and restricted advisers take a look at the Unbiased, Personal Finance Society and VouchedFor websites.
Broadly, the higher an investment’s potential for return, the greater your risk of losing money from it. This is why
How do I buy Afterpay with an ETF?
Another potential option is an ETF or Exchange Traded Fund, which is a way of investing in a market or commodity as a whole rather than a specific company. If you're a new investor, investing in share-based exchange-traded funds (ETFs) is safer. But It’s harder to beat the market than when you place a riskier investment in only Afterpay instead. ETFs holding Afterpay include BetaShares S&P ASX Australian Technology ETF (ATEC), Betaex20 Etf Units (EX20), and Market Vectors Australian Equal Weight ETF (MVW).
Is Afterpay a good stock to buy now?
Afterpay Limited's current share price is $66.47. Over the last 12 months, its price fell by 47 percent. Looking ahead, we forecast Afterpay Ltd to be priced at 63 by the end of this quarter and at 60 in one year, according to Trading Economics global macro models projections and analysts expectations. So I don’t think Afterpay is a good buy right now.
