How To Buy Shares On The Kenya Stock Market[Complete Guide 2022)
Investing in stocks has never been easier. Discover how to invest in the Kenyan Stock Market right now!
Kenya's economy is growing rapidly, and investors are taking notice. The country's stock exchange, NSE, offers an easy way for people to buy shares in companies that operate in Kenya.
What is the stock market?
Stock Market is a listing(Market Place) that brings together listed companies and stock market investors. On the stock market, financial products of the companies available are displayed and traded, such as shares or bonds.
The company will join the Stock market via Stock exchange to obtain money to finance its activities. Thus, when a company goes public, it sells part of its capital in the form of shares to investors.
If you are wondering how to get started with Stock Market in Kenya, You are in the right place. Let us get started
Start with an Investment Plan
Before you start investing, make sure you have a plan. You should decide what type of investment you want to make (stocks, bonds, mutual funds), where you will invest (online brokerages, banks, etc.), and when you will invest (monthly, quarterly, annually).
Find out what type of investment you need
There are three main types of investments: stocks, bonds, and mutual funds. Stocks represent ownership shares of companies. Bonds are debt instruments issued by governments or corporations. Mutual funds are pooled investments that allow investors to pool money together to buy securities.
Choose a broker
Before investing in any security, you need to choose a broker. A broker is an individual or company that acts as an intermediary between buyers and sellers. Brokers charge fees for their services. It would be best if you considered choosing a broker with a good reputation and track record.
Register your details
Once you have chosen a broker, you must register your details. This includes your name, address, email address, phone number, and bank account details. Make sure you keep these details up to date so you can easily contact them when necessary.
Set up an account
You should also set up an online trading platform where you can buy shares. Several brokers are available, such as ShareX, TradeStation, and Interactive Brokers. These platforms allow you to trade shares with ease. They offer a range of features, including margin trading, stop loss orders, and more.