Goldman Sachs has earned the spotlight on the horizon of investors thanks to their recent very high-income report. But, this company has always had a history of success and strong results.
But where does the success of Goldman Sachs lay? This investment banking and securities company is taking advantage of what looks like a bullish market, meaning their stock can be an attractive option right now.
What is more, certain aspects make this investment a safe bet and even more interesting in the eyes of investors. Economic recovery and rising interest rates, as well as the support of the Federal Reserve, make the banking industry, and Goldman Sachs in particular, a good place for investors to put their money.
If you are undecided, we help you with a few expert analyses of the company and what the future may bring them. But, if you think Goldman Sachs is the right investment for you, we walk you step by step on how to choose a broker that allows you to buy company shares.
Finally, we present a brief overview of the company and some final thoughts on buying Goldman Sachs stock.
Why is it a good time to buy Goldman Sachs shares?
The recently registered record earnings have put Goldman Sachs on the map of many investors looking for opportunities to come.
Getting into Goldman Sachs is time-sensitive at this point time-sensitive. The expected recovery after the global pandemic is happening right now and is already reflecting on the rising price of many companies’ shares, including Goldman Sachs.
Among the reasons many investors are using to turn to Goldman Sachs stock, they have mentioned the rising revenue of the company in the last few quarters, plus a long-term analysis of their income, which has increased by 56% in the last 3 years.
It is also known that the company is mindful of their shareholders, with a dividends quarterly payment that offers a bit of a passive income for those owning Goldman Sachs shares, the company is not likely to forget about the pushing capital investors have recently infused in the company.
The growth that Goldman Sachs has shown in the last period didn’t go unnoticed and it is now in the eyesight of many investors looking for a safe trade with a strong company.
How to buy Goldman Sachs stock: step by step
First of all, in order to buy Goldman Sachs shares, traders must find a broker. And not any broker will do. Ideally, traders will find a brokerage agency that offers the best tools for their investment style, as well as a myriad of options and advantages that will help traders earn experience and achieve the success they are looking for.
So, how do you find the perfect broker?
Your broker must offer access to the New York Exchange Stock, so if you’re not in the US, make sure there are no extra fees for foreign currencies. After this, the key point traders have to always check is that the broker has the necessary registrations with regulatory bodies that guarantee their seriousness and the safety of the users’ information and that of their money.
Regulatory bodies are in place to ensure the transparency of the operations of the broker in the market and when dealing with clients. Most brokers have more than one registration, multiplying their safety status.
Other aspects to keep in mind when choosing a broker (and they will be of different importance depending on each trader’s priorities) are commission and fees, which may depend on the type of account you want to open, online trading platform, and what features trader can customize and see on there, as well as educational and research tools that can be fundamental for beginners and those looking to learn more and achieve their financial goals; and finally, the quality of their customer service.
The importance and weight of each of these considerations may change depending on what’s important to the trader, what type of long-term investing strategy they may have, and how familiar they are with the market and the activity of trading. In any case, choosing a broker should not be taken lightly as it will have a huge impact on users achieving success as traders.
Traders should also be considering how Goldman Sachs shares fit in their general portfolio. Most of the time, it is recommended not to spend more than 10% of the total investment capital in one single company. Do you have other investments in the banking industry? How many shares are you planning to buy? How will they affect your overall portfolio balance?
If you are now ready to buy Goldman Sachs stock, there are two ways to do it. The first one is to buy the stock at the current market price, meaning that the position you open is executed immediately. There is also the possibility of buying shares afterward, placing a limit order that is executed only when the price per share reaches a price predetermined by the trader.
What is more, since the price per share is around 400 dollars, some brokers also offer the option of buying a fraction of a share, depending on your capital.
After buying stock, traders should still remain actively checking their investment and making sure that if necessary they can sell or buy more. Traders may have short-term or long-term goals regarding their investment in Goldman Sachs shares, however, it’s a good idea to keep an eye on them.
Goldman Sachs company overview
Goldman Sachs is an American multinational investment bank that offers financial services, including investment management, securities, asset management, as well as brokerage. It works as a supplier of institutional investors too. The company was founded in 1869 and today it has its headquarters in New York City, though they have offices in all main cities around the globe.
But, there is more, Goldman is considered one of the largest investment banking enterprises in the world (considering revenue) and many see it as an important market maker, as it’s the primary dealer of the United States Treasury security, and recognized as a large and important bank by the Financial Stability Board.
All of this makes Goldman Sachs a strong, secure, and attractive option for investors.
Final thoughts on buying Goldman Sachs stock
There is no doubt that Goldman Sachs is a premium stock to own as an investor. They offer dividends and the company is committed to rewarding their shareholders with more than 3 billion dollars paid back to investors last year alone.
It is clear that there are several advantages to owning Goldman Sachs stock. It all points to even better dividends and the overall performance of the company in the stock market. Hopefully, there is still time for traders to buy Goldman Sachs shares before their price rises even more.