When it comes to electronics, Samsung is one of the most recognized brands in the world. It is no surprise that Australian investors are looking for ways to buy Samsung shares.
At the same time, it is important to understand that this process isn’t quite as cut and dry as it may seem. So, to be fully aware of what you need to do to be a part of such a process, consider all the information here:
What is Samsung?
The Samsung Group is a South Korea-based company that was first founded in 1938.
This mighty conglomerate had humble beginnings, starting off as a trading company.
Over the years, though, Samsung diversified and these days, it is best known for its electronics. However, the company is also involved in construction, insurance, defense, advertising, and more.
It is one of the most significant companies in South Korea and is actually responsible for one-fifth of the country’s total exports.
At any given time, the company handles a number of different projects in a variety of sectors. As such, its annual revenue numbers in the billions.
Another notable feature about this company is its patents. As of 2015, Samsung was the holder of the largest number of patents. The company is most known for its smartphones and television models. These devices have continuously topped best-selling lists numerous times over the years.
Ways to Buy Samsung Shares in Australia
If you wish to buy shares in the Samsung company, there are two main ways to do this:
- Registering and trading on the Korean Exchange (KRX)
- Trading Samsung CFDs
Buying and trading Samsung shares aren’t quite as simple as one would imagine. This is because the only way to do so is on the Korean Exchange. Therefore, you will need to open up an international trading account before you can make any purchases. Not to mention, you may require a license as well.
Even if you do go down this route, you will be faced with another challenge: money. Understand, Samsung is one of the most heavily traded companies in the world. As such, the costs of shares are quite high as well. To be able to make a decent profit, you may have to invest more than you have.
It is these issues that make many people turn over to Samsung CFDs instead. When you engage in CFD trading, you aren’t actually buying a stake in the company. Instead, you are simply buying a CFD certificate from a CFD provider. Therefore, you are just required to find yourself a well-reputed broker like etoro.
The main benefit of buying Samsung shares in this manner is that it allows you to open up a much larger position. As mentioned, Samsung shares are quite expensive, by themselves. However, with CFDs, you only have to pay a percentage of the total cost.
Where to Buy Samsung Shares in Australia
When buying Samsung stock in Australia, the first thing you will need to do is to find yourself a broker. It is here that you will place any trades related to these shares. As you can imagine, this is a rather significant decision to make.
This is why it is best for you to go with the often recommended etoro broker. The site has been around for quite a while and offers up some of the best platforms on the market. With these globally acknowledged platforms, you will find it incredibly easy to open up and close positions on the market.
What really puts etoro ahead of the competition, however, is the concept of social trading. This broker offers you the chance to watch, copy, and learn from some of the best traders out there. Thus, you are in the best possible position to make a sound trading decision.
Another perk of this broker is that it is incredibly reliable. Etoro is licensed and regulated by both the CySEC and the FCA. Therefore, you can trust that this broker provides trades and services that are completely above board.
These are the features you should look for, should you wish to go with a broker. Keep in mind that you need to select a site that is trustworthy, has plenty of useful features, and can show that it has been profitable in the past.
The above is what you need to know regarding how to buy Samsung shares in Australia. With all this information, you will be better informed of which direction you should move in. In turn, you should find it a lot easier to invest wisely in Samsung shares and make a greater profit.
Why Buy Samsung Shares?
There are quite a few companies to invest in at any time and many of them are currently performing quite well too. This brings you to the question of why you should invest in Samsung stock. Well, these are the top reasons, in short:
- Excellent revenue
- One of the most notable names in tech
- Considerable diversification
- Plans for continuous growth
At last check, the Samsung revenue was estimated to be over $200 billion dollars. As you can imagine, even a minute portion of this kind of profit can grow your investment quite a bit. While Samsung has faced some inconsistent performance over the last few years, it has nevertheless continued to maintain a stronghold on the market.
What many investors forget is that Samsung has managed to protect itself from many downturns quite a bit, thanks to diversification. Although most people recognise the brand for its contributions to the electronic sector, its reach goes far beyond that. So, even if the company were to underperform in one industry, it would still be making a profit in another.
Perhaps what really puts Samsung ahead of the competition is that the company’s plans for the future. As the patents suggest, Samsung has numerous other projects under its belt, many of them that are completely innovative. Due to this, there is a good chance that Samsung will continue to do well in the future.