Summary: Boeing is a leading aerospace company devoted to developing, manufacturing, and servicing airplanes, satellites, and telecom equipment around the globe. In this guide, we will go through every step of how to buy Boeing stock using a regulated investing platform such as eToro.
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About Boeing
Boeing provides various aerospace products and services, from airplanes and rotorcraft to rockets and missiles. It made significant contributions to aviation and aerospace development, producing recognizable aircraft like the 747, 737, and 787. Its partnership with NASA allowed the company to delve into space exploration.
Over the years, Boeing’s innovations have revolutionized air travel, military aircraft, and satellite communication. The company is the world’s fifth-largest defense contractor and the largest exporter in the United States by dollar value. BA, Boeing’s stock, is a Dow Jones Industrial Average component. It employs more than 150,000 people worldwide.
How to buy Boeing stock: step-by-step
Boeing went through its initial public offering on January 2, 1962. Since then, all investors can freely buy the company’s stock.
You can buy shares in Boeing in a simple five-step process:
Step 1: Choose a broker
Prior to buying the BA stock, you have to get access to the stock market. The most straightforward way to achieve this is to obtain the services of an online stock brokerage.
To securely buy Boeing stock (BA), we recommend the following:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
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 services come with different pros and cons, which usually relate to personal preferences. However, certain factors are always present regardless of your choice, so pay attention to the following:
- Range of offerings: Your investing service should list the Boeing stock, but you should also validate the presence of other financial assets such as different commodities, various stocks, forex, and derivative assets like options, CFDs, and futures. These will come in handy when you pursue diversifying your portfolio;
- Cost: Today’s brokerage industry standards dictate accounts with no minimum and 0% commission fees for stocks and ETFs. Do not take anything less;
- Regulation and security: Your investing service must comply with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations. Check for two-factor authentication (2FA) policy and other advanced security measures;
- Fractional stock trading: Platforms that feature fractional stock trading allow you to buy stocks by the dollar amount, which benefits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.
Step 2: Open and fund your account
After choosing an investing platform, create an account and go through the verification process. The instructions on how to do this should come into your email inbox within a minute.
Once your account is verified, you must transfer some funds to your account. You can buy Boeing stock with the usually available payment options, including a bank transfer, debit or credit card, and an intermediary transaction service such as PayPal (PYPL).
Step 3: Decide how much you want to invest in Boeing stock
Deciding on the proper amount to invest in Boeing is crucial. Pay attention to your budget, as overextending may cause severe issues in case of failure.
To minimize the consequences of the worst-case scenario, make sure you confirm the following:
- You have paid off all high-interest debt, such as credit card and personal loans;
- You have created an emergency fund covering at least three months of daily costs.
Deciding how much you want to invest is also determined by your investing approach, risk tolerance, and projected investing goals.
Remember
Step 4: Place your order and buy Boeing stock
You must place a trade order to purchase Boieng stock. Perform the following steps:
- Step 1: Log into your account and find the company’s ticker stock symbol BA;
- Step 2: Type in the dollar amount or the number of Boeing shares you want to buy;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Execute the trade order.
Step 5: Monitor and manage your investment
Regularly monitoring and managing your investment is integral to the investing process. Doing it correctly and regularly boosts the chances of a successful investment with higher potential returns.
Additionally, you have to remain informed about the trends in the aerospace industry, the telecoms sector, and space exploration advances. The general financial status of Boeing, the company’s media coverage, and the potential negative political fallout in global conflicts also influence the price of BA stock, so have them in mind as well.
Boeing stock price today
Pros and cons of buying Boeing stock (BA)
Pros
- Market leader: Boeing is the world’s largest aerospace company, with a century-long tradition of innovation and market presence. It plays a pivotal role in commercial aviation, defense, and space industries;
- Diverse portfolio: With a diverse portfolio that includes aircraft, defense systems, and space technology, Boeing has secured multiple revenue streams. Diversification helps mitigate risk and promotes financial stability;
- Global aircraft demand: Commercial air traffic has plummeted in the global pandemic but shows steady signs of recovery. It is the first to benefit from this trend as a dominant aircraft manufacturer.
Cons
- Safety concerns: Boeing’s reputation suffered after a series of accidents related to the 737 MAX aircraft, leading to financial losses and damage to the company’s brand;
- Cyclical nature: The aerospace industry is cyclical, with periods of high demand followed by slowdowns. Economic stagnation or travel disruptions (such as with COVID-19) can hamper Boeing’s financial performance;
- Geopolitical factors: Due to Boeing’s involvement in sensitive industries such as military defense, factors like geopolitical climate, trade sanctions, and government contracts can influence its financial performance.
Common mistakes to avoid when buying Boeing
Make sure to avoid these common investing mistakes:
- Lack of research: Research the stock in detail, along with the global aerospace market and telecoms industry, before investing anything;
- Lack of strategy: Define your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
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 Boeing stock
How do I buy Boeing stock?
Investors can buy BA stock without restrictions using the services of a regulated online brokerage like eToro.
Should I invest in Boeing stock?
Factors determining the answer include your preferences and the current status of the aerospace, defense, and telecoms industry. Besides the stock face value and market trends, research the company’s media coverage, which also influences the price of BA stock.
How do I sell my Boeing stock?
Log into your investing platform, find BA, input how much stock you want to dispatch, and click the ‘sell’ button.
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.
