Summary: Affirm Holdings is a fintech company providing point-of-sale lending services as an alternative to traditional credit cards. To buy Affirm Holdings stock, investors can register an account with an online stock brokerage such as eToro.
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About Affirm Holdings
Affirm Holdings, Inc. (NASDAQ: AFRM) is a financial technology company focusing on point-of-sale lending services, allowing consumers to make purchases at the point of sale and cover the expenses over time by means of fixed monthly payments. The Affirm platform is known for its reliance on machine learning in its loan underwriting processes aimed at improving consumer approval rates and bettering sales outcomes for retailers.
How to buy Affirm Holdings stock: Step-by-step
Affirm Holdings is a public company listed on the NASDAQ under the ticker symbol AFRM.
To invest in Affirm Holdings, take the following simple steps:
- Find a broker: Choose a reliable online broker. Our go-to broker for AFRM shares is eToro;
- Register and fund your account: Register a brokerage account and transfer some funds to it;
- Place a trade: Find the AFRM stock on the broker’s platform and place a trade;
- Monitor your investment: Track the performance of your investment.
Step 1: Find a broker
To buy Affirm Holdings stock, you will need to open an account with a reputable stock brokerage.
Our recommended brokerage for Affirm Holdings stock is eToro, a licensed platform with over 30 million active users and trading features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different 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.
When exploring alternative brokerage platforms, consider the following factors:
- Regulatory compliance and safety: Ensure the broker is regulated by a reputable financial authority to guarantee the safety of your investments;
- Security: Look for features like two-factor authentication (2FA), data encryption, and strong know-your-customer procedures;
- Fees: Examine trading commissions, account maintenance fees, and potential hidden charges on the platform;
- Account options: See what kind of accounts you can make on the platform and whether you can explore it for free with a demo account;
- Customer support: Prioritize brokers with responsive and effective customer support to address concerns or inquiries promptly.
Step 2: Register and fund your account
Next, you can start the account registration process. Registration is typically easy, requiring you to submit essential personal and banking information and complete the necessary verification steps.
Upon successful registration, proceed to deposit funds into your account. Reputable platforms like eToro offer a range of funding options, including:
- Bank transfers;
- Credit/debit cards;
- e-wallets;
- Third-party payment systems like PayPal.
Step 3: Place a trade
Once you have funded your account, you can start placing trades and investing in Affirm Holdings by following these simple steps:
- Log in on your broker’s website;
- Locate the AFRM stock;
- Specify the number of shares you wish to buy or the dollar amount you wish to invest;
- Select your preferred order type (i.e., limit, stop-loss, etc.);
- Review order details once more;
- Execute your trade.
Step 4: Monitor your investment
After investing in a company, it’s vital to:
- Consistently assess stock price fluctuations, quarterly earnings reports, SEC filings, and pertinent company news;
- Adapt your investment strategy based on prevailing market trends;
- Use the tools offered by your brokerage for alerts or establish a personal schedule to monitor your investments routinely;
- Stay informed to make wise decisions regarding holding, selling, or acquiring additional shares;
- Consider advice from seasoned traders who have invested in the same stock.
Affirm Holdings stock price today
How to invest in Affirm Holdings safely
All stock investments are risky, so it is paramount that you familiarize yourself with some common investing mistakes, for example:
- Overlooking macro-economic factors: Ignoring broader economic conditions can impact various sectors and, thus, stock prices;
- Neglecting liquidity: Assets with low liquidity may lead to monetary challenges, especially during volatile market conditions;
- Overtrading: Excessive buying and selling can lead to higher transaction costs;
- Lack of emergency funds: Always set some money aside as an emergency fund;
- Neglecting taxes: Failing to consider the tax consequences of your investment can result in unexpected losses.
Pros and cons of investing in Affirm Holdings
Pros
- Affirm has partnered up with Amazon Pay;
- The company’s revenue increased by over 200% in the last few years.
Cons
- Affirm operates in a competitive sector;
- Macroeconomic factors affect point-of-sale lending services;
- No dividends.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Affirm Holdings stock
How can I purchase Affirm stock?
To buy Affirm Holdings stock, you can create an account on an online stock trading platform such as eToro.
Does Affirm pay a dividend?
No, Affirm does not pay dividends.
Where to buy Affirm stock?
You can buy Affirm stock by registering at an online stock trading platform such as eToro.
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.
