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Summary: Block (NYSE: SQ) is a publicly traded fintech company that offers innovative solutions in digital payments, point-of-sale systems, and mobile financial services. One of the most convenient ways to buy SQ stock is through a reputable broker like eToro.
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eToro USA is registered with FINRA for securities trading.
About Block
Block is a financial technology company that has made a significant impact in the digital payment and financial services space. Founded in 2009 by Jack Dorsey and Jim McKelvey under the name Square, it has grown into a major player in the industry. The company provides a range of services, including the widely used Square point-of-sale system and Cash App, a mobile payment service.
Block IPO
Note
Block went public in November 2015, making its shares available on the New York Stock Exchange (NYSE) under the ticker symbol SQ.
How to buy Block stock: Step-by-step
If you’re interested in investing in Block, let’s go through the steps of buying its stock.
Step 1: Choose a broker
To buy Block stock, you’ll need to use a brokerage platform. Brokers are intermediaries that facilitate the buying and selling of stocks. There are several online brokers to choose from, each with its own set of features, fees, and user interfaces. Our go-to broker is eToro, a widely popular platform that offers a myriad of useful features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- A user-friendly platform that simplifies the trading experience.
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.
Note
Step 2: Fund your account
Once you’ve selected a broker, you’ll need to fund your brokerage account. This involves depositing money into the account, which you can then use to buy stocks. Most brokers allow you to fund your account through bank transfers or linking a debit or credit card.
Make sure to check the minimum deposit requirements of your chosen broker and fund your account accordingly. Also, keep in mind that you should only invest money that you can afford to lose, as the value of stocks can fluctuate.
Step 3: Place an order
With your brokerage account funded, it’s time to place an order for Block stock. On your broker’s platform, find the option to buy or trade stocks and enter the relevant details. You’ll need to specify the number of shares you want to purchase and the type of order you’d like to place.
There are different types of orders, including market orders (executed at the current market price) and limit orders (executed at a specific price or better). Therefore, choose the order type that aligns with your strategy and risk tolerance.
SQ stock price today
Pros and cons of buying Block stock
Pros
- Innovative company: Block has a track record of innovation in the fintech industry, making it an appealing choice for investors seeking growth;
- Diverse offerings: The company operates in various segments, from point-of-sale systems to mobile payments, providing diversification within the financial technology sector;
- User-friendly products: Block’s products, such as Cash App, are known for their user-friendly interfaces, contributing to a positive customer experience.
Cons
- Market volatility: Like all stocks, the value of Block shares can be subject to market volatility, and their prices may fluctuate;
- Competition: The financial technology sector is competitive, and Block faces competition from other established players;
- Regulatory risks: Changes in regulations or government policies could impact the company’s operations and stock performance.
In case you’re looking to invest in other fintech companies, feel free to check out our guides on:
- 5 Best Fintech Stocks to Buy in 2024;
- How to Buy Adyen Stock;
- How to Buy SoFi Technologies Stock;
- How to Buy LendingClub Stock;
- How to Buy Robinhood Stock;
- How to Buy Affirm Holdings Stock;
- How to Buy Payoneer Global Stock;
- How to Buy Wise Stock;
- How to Buy Global Payments Stock;
- How to Buy PayPal Stock;
- How to Buy Stripe Stock.
Common mistakes to avoid when buying stocks
Investing in stocks can be rewarding, but it’s not without its pitfalls. Here are some common mistakes to avoid:
- Lack of research: Don’t invest in a stock without understanding the company, its products, and the industry it operates in;
- Emotional decision-making: Avoid making investment decisions based on fear or greed. Stick to your investment plan and strategy;
- Overlooking fees: Be aware of the fees associated with buying and selling stocks on your chosen brokerage platform. High fees can eat into your returns;
- Ignoring diversification: Don’t put all your money into a single stock. Diversify your portfolio to spread risk across different assets;
- Impulsive trading: Resist the urge to make frequent trades. Long-term investing tends to be more successful than short-term speculation.
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 Block stock
Can I buy Block stock directly from the company?
No, individual investors typically buy and sell stocks through brokerage platforms like eToro.
How do I stay updated on Block's performance?
You can keep an eye on financial news, follow Block’s investor relations page, and use your broker’s platform for real-time stock information.
What should I do if the stock market experiences a downturn?
Stay calm and avoid making impulsive decisions. Consider your long-term investment goals and whether adjustments are needed.
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.
