Summary: The golf industry is one of the areas that shows promise for investing in the stock market in recent years. As the sport continues to gain popularity, the most convenient way to invest in it is through reputable online broker services. Our go-to brokerage for buying golf stocks is eToro.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Investing in golf stocks
Before diving into specific golf stocks, it’s essential to understand why investing in this industry might be a good choice. The golf industry has witnessed significant growth in recent years, thanks to a surge in interest from both seasoned golfers and newcomers to the sport. This increased demand has translated into higher revenues and potential for investors.
Additionally, golf is often a lifestyle thing, thus, golf enthusiasts spend money not only on equipment but also on apparel, accessories, and memberships, making it a diversified investment opportunity.
Best golf stocks to buy
Now, let’s take a closer look at some of the best golf stocks to consider for your portfolio:
Acushnet Holdings Corp. (NYSE: GOLF)
Acushnet Holdings Corp. is a leading player in the golf industry, known for its flagship brand, Titleist. They manufacture golf balls, clubs, and other golf accessories. What’s more, this is a well-respected name among golfers, providing a strong foundation for this stock’s potential growth and your potential investment returns.
Your capital is at risk.
Dick’s Sporting Goods (NYSE: DKS)
Dick’s Sporting Goods is a sporting goods retail giant that offers a broad range of golf products. As more people take up golf, they’ll need equipment and apparel, which can boost Dicks Sporting Goods’ revenues. Therefore, investing in a retailer that caters to multiple sports can provide diversification within the golf industry.
Your capital is at risk.
Vista Outdoor (NYSE: VSTO)
Vista Outdoor is a company that not only specializes in golf but also offers products related to outdoor activities like hunting and shooting sports. As such, this diversification can provide stability and growth potential, making it an interesting option for investors looking to tap into the golf and overall sports market.
Your capital is at risk.
How to buy golf stocks: Step-by-step
Now that you’ve identified some promising golf stocks for investing, let’s walk through the process of buying them:
Step 1: Open a brokerage account
To buy publicly-traded stocks, you’ll first need a brokerage account. There are numerous broker platforms out there, which can make your choice a bit difficult. Therefore, you should look for ones that are licensed, incorporate solid security measures, have a user-friendly interface, and offer your desired stocks.
Our go-to brokerage for buying golf stocks in 2024 is eToro. Besides being one of the most popular platforms with over 30 million registered accounts from all over the world, it also holds a license from various regulatory bodies, including FinCEN. Moreover, eToro also offers a host of features for all kinds of investors, such as:
- Commission-free stock trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Once you’ve successfully opened your brokerage account, the next step is to deposit funds for purchasing your chosen golf stocks. Brokerage firms typically offer multiple funding options, such as bank transfers as well as credit and debit card payments. Therefore, it’s essential to ensure that your account has an adequate balance to cover the intended investment amount.
Step 3: Place your order
With enough funds in your brokerage account, the next step in buying golf stocks is to place an order. To do so, log into your account and navigate its search bar to find the desired stock using its ticker symbol. Namely, ticker symbols are codes that identify different stocks. For example, to place an order for Acushnet Holdings Corp., you’ll need to type in GOLF.
Afterward, you’ll be given a choice between different order types, such as market orders and limit orders. The first ones execute at the current market price, while the latter executes at a specific price.
Note
Step 4: Monitor your investments
The final step in buying golf stocks is to monitor them. After you purchased your desired stock, you can use your broker of choice to periodically check what’s going on with the performance of the company you just invested in. Depending on the brokerage you choose, you’ll be able to monitor the company’s market trends, stock news, and financial reports to adjust your investment with more informed decisions.
Pros and cons of investing in golf stocks
Like any investment, golf stocks come with their own set of advantages and disadvantages. Some of these include:
Pros
- Growth potential: The golf industry is experiencing growth, driven by increased interest in the sport, making it a potentially lucrative investment;
- Diversification: Investing in golf stocks can diversify your portfolio, reducing risk;
- Lifestyle and consumer spending: As mentioned, golf is not just a sport—it’s a lifestyle. Hence, golfers tend to spend on equipment, apparel, and memberships, creating opportunities for companies in the industry.
Cons
- Cyclicality: The golf industry can be cyclical, influenced by economic conditions. In a downturn, consumers may cut back on golf-related spending;
- Competition: The golf industry is competitive, with many established brands. New entrants may struggle to gain market share;
- Weather-dependent: Golf is weather-dependent, and adverse weather conditions can affect business operations and stock performance.
What to avoid when buying stocks
As you venture into investing in golf stocks or any other stocks, here are some common mistakes to avoid:
- Ignoring research: Don’t invest blindly. Always research the companies and industries you’re interested in;
- Overinvesting: Avoid putting all your money into a single stock or industry. Diversification is key to managing risk;
- Chasing hype: Don’t get caught up in hype or short-term trends. Stick to your investment strategy;
- Not setting goals: Define your investment goals and time horizon. Without clear objectives, it’s challenging to make informed decisions;
- Frequent trading: Excessive buying and selling can lead to higher fees and taxes. A long-term approach is often more profitable.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about best golf stocks to buy in 2024
Is it a good time to invest in golf stocks in 2024?
The golf industry is showing promise, but timing the market is challenging. You should, therefore, focus on long-term growth prospects rather than short-term trends.
Are golf stocks riskier than other investments?
Like any investment, golf stocks come with risks. However, diversifying your portfolio can help manage these risks.
What's the minimum amount I need to invest in golf stocks?
The minimum investment amount varies depending on the brokerage and the stock’s price. Some brokerages allow you to start with as little as $0.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
