Summary: Broadcom is one of the leading American developers and manufacturers of a wide range of semiconductor and infrastructure software products, as well as an S&P 100 component with promising growth potential. In this guide, you will learn how to Buy Broadcom stock via online exchange platforms such as eToro.
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About Broadcom
Broadcom (NASDAQ: AVGO) is an American semiconductor and infrastructure software development company with a solid presence in networking, software, wireless, industrial, and several other industries. It was founded in 1962 when it was called HP Associates, and today, more than half a century later, it boasts a revenue of $33.2 billion and over 20,000 employees across the globe.
How to buy Broadcom stock: Step-by-step process
Broadcom has been a public company since 1999 and is currently trading on NASDAQ under the ticker AVGO. To buy Broadcom shares, investors can register an account at online stock trading platforms such as eToro.
Step 1: Find a broker
To invest in Broadcom, you’ll first need to find an online broker and register an account. Take your time to do some research and compare different online brokers to find one that can accommodate your investment needs.
Also, keep in mind that your choice will largely depend on the availability of the asset you wish to invest in, so make sure the AVGO stock is available on the broker’s website before registering.
In addition to stock availability, consider factors such as:
- Costs: The best platform to start with is one that does not charge any commission fees;
- Account minimums: Some brokers have a minimum deposit that can range from a few dollars to a few hundred dollars, while others impose no minimums — the latter is, naturally, preferable;
- Account options: Online brokers offer cash and margin accounts. With the former, you can only spend the amount of money you have in your account; with the latter, you can technically borrow money from the broker and invest in;
- Support: Pick a platform that features educational resources, market news, and prompt customer support that will help you learn more about the platform and the market.
Our recommended broker is eToro, home to over 2 million traders engaging in no-commission and enjoying:
- 2,000+ stocks on 17 different exchanges;
- Fractional shares;
- Ready-made investment portfolios;
- Social trading;
- User-friendly platforms;
- Copy trading.
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.
Step 2: Research the company
Next, you’ll have to do some research on Broadcom and its stock prices. To start with, you can conduct two types of analysis:
- Fundamental analysis: With fundamental analysis, you can gauge the value of the stock and see whether it is fairly priced based on the intrinsic value of the company. This is crucial for success if you’re a long-term investor;
- Technical analysis: Technical analysis entails analyzing the company’s stock pricing history in order to predict its future performance. Usually, technical analysis involves stock chart analysis, so it’s virtually mandatory for day traders and other short-term investors.
Some other factors to keep in mind include:
- The company’s competitive position: Is the company capable of maintaining its market share over a long time? The answer depends on its competitive advantage, brand, etc.;
- Its management: How often have you heard of a solid company or project of any kind going bankrupt due to being run by the wrong people? When investing, be sure the company you’ve set your sights on is in the right hands;
- Its debt levels: High debt levels are another red flag, potentially indicating the stock price might take a hit;
- Industry trends: Even if the company is doing fine, the whole industry might be seeing some shifts that could lead to lower long-term growth prospects.
Step 3: Decide how much you want to invest
How much should you invest? The answer to that question is that there is no one answer. That is, the ideal investment sum will depend on a number of things, most importantly, your financial situation and goals.
To figure out how much money you should invest, consider the following:
- Your debt levels: First things first, be sure you are not in any debt before investing. Stocks lead to profits, but they tend to be slow, so there is no guarantee you’ll be able to keep up with your debts;
- Your safety funds: Even if you’re handling large sums — maybe especially if you’re handling large sums — it is always wise to set aside a portion of your money as a safety fund;
- Additional financial goals: In addition to a safety fund, you can create an additional savings fund for your other savings goals so that you don’t have to tamper with your stock-savings account every so often.
Step 4: Fund your account
Once you have determined your desired investment amount, it is time to fund your new account. Before you proceed, keep in mind that account funding can take up to a few days to process and that you’ll have several payment options at your disposal.
For example, eToro lets users link their broker and bank accounts, use credit cards, transfer money via payment services like PayPal and Neteller, etc. Some other brokers will let you scan a check and do a wire transfer.
Step 5: Place your order
When you figure out your investment amount, you can place some orders. On platforms such as eToro, you’ll have several order options available when buying stocks. The two most important to note are:
- Market Order: With this option, you can buy (or sell) the stock at its current price, i.e., immediately. This is useful if you’re in a rush to enter a trading position;
- Limit Order: In contrast, a limit order lets you buy the stock once it’s hit a certain price.
Naturally, both orders have their pros and cons. For example, the market order ensures you can complete the trade when you need to do that. The downside is that the price might not be to your liking. Conversely, limit-order prices will align with your investment strategy better, but you’ll have no guarantee that your trade will be completed.
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 6: Monitor your investment and keep investing
To make the most out of your investment, you’ll have to monitor the performance of your stock once it’s in your portfolio. That entails keeping track of Broadcom itself and the wider industry of which it is a part. For starters, you can:
- Read financial reports and analyze the company’s revenue, investors, partnerships, etc.;
- Read news relevant to the company and the industry at large, especially those regarding consumer sentiment;
- Monitor technological developments within the industry;
- Re-evaluate your investment strategy.
Broadcom stock price today
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 Broadcom stock
How to Buy Broadcom Stock?
To buy Broadcom stock, investors can register an online stock exchange platform, such as eToro.
Is Broadcom stock a good investment?
Broadcom is one of the leaders in its sector as well as an S&P 100 component, so it has the potential to be a profitable investment, at least when it comes to sheer numbers. However, what constitutes an ideal investment will also depend on your investment goals, strategies, risk tolerance, etc.
Does Broadcom pay dividends?
Yes, Broadcom does pay dividends.
Can you invest in Broadcom outside the U.S.?
Yes, you can invest in Broadcom outside the U.S. on exchange platforms such as eToro.
What is Broadcom stock prediction 2025?
Analysts have revised their price targets for Broadcom stock following strong Q2 2024 earnings. The new Broadcom stock prediction 2025 range from $1,500 to $2,000. Barclays raised its target to $2,000, Bernstein set it at $1,950, TD Cowen at $1,750, and Rosenblatt Securities at $1,500, reflecting continued confidence in Broadcom’s performance and growth potential.
