Summary: Ferrari is a holding company involved in creating, developing, and marketing high-end sports cars. To buy Ferrari stock, investors can open an account at an online stock trading platform such as eToro.
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eToro USA is registered with FINRA for securities trading.
About Ferrari
Ferrari (NYSE: RACE) is an Italian luxury sports car manufacturer widely known for its high-performance vehicles that have become synonymous with luxury, prestige, and speed. The company was founded by Enzo Ferrari in 1939, and it has a rich history in motorsports, most notably Formula One.
Ferrari consistently pushes the boundaries of the automotive industry, working on advancements in aerodynamics and engine technology. Thanks to its commitment to innovation, Ferrari has a strong global presence and a dedicated fan base around the world, with the brand extending beyond automobiles and venturing into merchandise, theme parks, and other ventures.
How to buy Ferrari stock: Step-by-step
Ferrari went public in 2015, and its stock is currently available on the New York Stock Exchange (NYSE) under the ticker RACE.
To buy Ferrari stock, you can take the following steps:
- Find a broker: Find an online broker that lists the RACE stock. Our recommended broker for Ferrari shares is eToro;
- Register and fund your account: Register a brokerage account and fund it;
- Place a trade: Navigate the broker’s platform to find the RACE stock and then place a trade;
- Monitor your investment.
Step 1: Find a broker
To invest in Ferrari, you must first register a trading account with a reputable and licensed brokerage, ensuring a secure platform for executing trades.
Our go-to broker for Ferrari stock is eToro, a platform with millions of active daily users and a number of trading features, including:
- 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, take into account things like:
- Reputation and reliability: Online stock brokers vary in reputation and reliability, so it’s crucial to choose one with a solid track record;
- Fees: Assessing the fees and commissions associated with trades is essential. The best brokers aim for a balance between competitive and transparent fees;
- Range of offerings: A good online stock broker offers a diverse range of investment options, such as exchange-traded funds (ETFs), options, stocks, etc.;
- Demo account options: Demo accounts are a valuable feature, providing users with the opportunity to practice and familiarize themselves with the trading platform before committing;
- Trading tools: Real-time quotes, advanced charting tools, and mobile app accessibility ensure that investors can stay informed and execute trades seamlessly;
- Support and security: Prompt customer support and robust security measures are paramount.
Step 2: Register and fund your account
When you choose a broker, you will have to go through its registration and account verification process. Once you’ve made an account, the next crucial step is to transfer funds into it. Reputable brokerages offer a number of payment options:
- Bank Transfer;
- Credit/Debit Cards;
- Electronic Wallets (e-wallets);
- Wire Transfer;
- Cryptocurrency Deposits.
Step 3: Place a trade
Once you’ve funded your account, you can finally buy Ferrari shares by following these simple steps:
- Go to your broker’s website;
- Locate the RACE 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.);
- Carefully review all the details;
- Execute the trade.
Step 4: Monitor your investment
When you buy Ferrari stocks, it becomes important that you regularly review key financial indicators, quarterly reports, and annual statements to gain insights into Ferrari’s performance and financial health. For starters, you can:
- Stay informed about market trends: Keep in touch with relevant market trends to understand the broader economic context that may impact Ferrari’s stock;
- Follow news related to Ferrari: Keep an eye on news related to Ferrari. Most importantly, follow new product launches, financial reports, and changes in leadership;
- Consider external factors: Be aware of factors such as economic conditions, industry developments, and geopolitical events, as they could all impact your investment;
- Review and reevaluate: Regularly review and reevaluate your investment strategy in light of new market developments to maximize potential returns.
For similar investments, be sure you check out our guides on:
- How to buy Lamborghini stock;
- How to buy Bentley stock;
- How to buy Rimac stock;
- How to buy Bugatti stock.
Ferrari stock price today
Pros and cons of buying Ferrari stock
Pros
- Ferrari is a strong, recognizable brand;
- It is one of the most profitable automotive companies in the world;
- Electric vehicles are on Ferrari’s agenda as well;
- Dividends.
Cons
- Ferrari faces competition from other brands in the niche, for example, Volkswagen;
- The automotive industry depends on the global market and geopolitical developments.
How to invest in Ferrari safely
When acquiring stocks, it’s essential to stay aware of some common mistakes investors make. For starters, make sure you:
- Conduct in-depth financial research: Before making any investments, thoroughly research the financial health of the company in question;
- Avoid short-term thinking: Do not make investment decisions solely based on short-term market fluctuations or emotional impulses;
- Diversify: Enhance your investment strategy by diversifying your portfolio across various stocks and sectors;
- Exercise Caution: Avoid relying solely on tips, rumors, or speculative information;
- Focus on long-term goals: Stay focused on long-term investment goals and the intrinsic value of the shares by conducting fundamental analysis.
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 Ferrari stock
Is Ferrari a publicly traded company?
Yes, Ferrari is a publicly traded company listed on the New York Stock Exchange under the ticker RACE.
How to buy Ferrari stock?
To buy Ferrari stock, register an account with an online stock trading platform such as eToro.
Does Ferrari pay dividends?
Yes, Ferrari does pay dividends.
Where to buy Ferrari stock?
You can buy Ferrari stock on online stock trading platforms 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.
