Summary: General Motors (NYSE: GM) is a global automotive company that owns well-known brands such as Chevrolet, Cadillac, and GMC. The most convenient way to buy General Motors stock is through a reputable brokerage platform, such as eToro.
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About General Motors
General Motors is a global automotive company that designs, manufactures, markets, and distributes vehicles and vehicle parts. With a rich history dating back to 1908, the company has become a key player in the automotive industry, producing well-known brands such as Chevrolet and Cadillac and spearheading the development of electric vehicles (EVs) and self-driving cars.
General Motors IPO
Note
General Motors went through a significant IPO in 2010 after emerging from bankruptcy. The IPO marked a crucial moment in the company’s history, allowing investors to buy and own a piece of one of the world’s largest automakers.
How to buy General Motors stock: Step-by-step
If you’re looking to buy General Motors stock, you can follow these guidelines to make the investment process smooth and successful:
Step 1: Choose the right broker
The first step in buying General Motors stock is selecting the right brokerage platform. Namely, a brokerage is an online platform that facilitates the buying and selling of stocks. Our go-to broker is eToro, a popular platform with 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.
When choosing a broker, you should consider factors like:
- Fees;
- User interface;
- Customer support;
- Available research tools.
Note
Step 2: Fund your account
After selecting a broker, you’ll need to fund your investment account. Luckily, most brokers offer various funding options, including bank transfers, wire transfers, and electronic funds transfers.
Additionally, you should consider setting a budget for your investment to manage risk effectively. The thing is—investing in stocks always carries some level of risk, so it’s crucial to only invest what you can afford to lose.
Step 3: Place an order
Once your account is funded, the next step will be to place an order to buy General Motors stock. On your brokerage platform, search for General Motors using its stock symbol GM. This will take you to a page with detailed information about the stock.
Choose the number of shares you want to purchase and select the type of order. Market orders are executed at the current market price, while limit orders allow you to set a specific price at which you want to buy the stock. Confirm your order, and if everything looks good, submit it.
General Motors stock price today
Pros and cons of buying General Motors stock
Before making any investment, it’s essential to weigh the pros and cons. Here are some factors to consider when contemplating buying General Motors stock:
Pros
- Stability: General Motors is an established blue chip company with a long history, providing a level of stability for investors;
- Dividend payments: GM has a history of paying dividends, offering investors a potential income stream;
- Global presence: As a global automotive company, General Motors is positioned to benefit from diverse markets worldwide.
Cons
- Cyclical nature: The automotive industry is cyclical and can be influenced by economic downturns;
- Competition: General Motors faces stiff competition in the automotive industry, which can impact its market share and profitability;
- Technological challenges: The industry’s shift toward electric and autonomous vehicles presents challenges that General Motors must navigate.
If you’re keen on investing in the automotive industry, especially companies that are developing self-driving cars, you can check out our other guides, including:
Common mistakes to avoid when buying stocks
While investing in stocks can be rewarding, it’s essential to be aware of common mistakes to avoid potential pitfalls:
- Ignoring research: Failing to research and understand the company and industry before investing;
- Overlooking risks: Neglecting to assess and manage the risks associated with stock investments;
- Emotional decision-making: Allowing emotions to drive investment decisions rather than relying on a well-thought-out strategy.
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 General Motors stock
Can I buy General Motors stock directly from the company?
No, you can’t buy General Motors stock directly from the company. Instead, as an individual investor, you can buy and sell shares through brokerage platforms like eToro.
What is General Motors' stock symbol?
General Motors’ stock symbol is GM.
Does General Motors pay dividends?
Yes, General Motors has a history of paying dividends to its shareholders.
Can I sell my General Motors stock at any time?
Yes, as a shareholder, you can sell your General Motors stock at any time during market hours through your brokerage account.
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.
