Summary: Novartis is among the top five global pharmaceutical and biotech companies by revenue, producing some of the most widely sold drugs, such as clozapine and diclofenac. To buy Novartis stock, investors can open an account with a regulated online stock broker such as eToro.
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About Novartis
Novartis (NYSE: NVS) is a Swiss-based multinational pharmaceutical and healthcare company. It is one of the five largest and most prominent pharmaceutical companies in the world by revenue, and it operates in various sectors of the healthcare industry, including pharmaceuticals and genetics.
How to buy Novartis stock: Step-by-step
Novartis is a publicly traded company listed on the New York Stock Exchange under the ticker NVS. To buy Novartis shares, investors can take these four simple steps:
Step 1: Choose a regulated brokerage
Selecting a regulated brokerage is the crucial first step to ensure the safety and security of your investments. To find a reliable brokerage whose platform can help you realize your investment strategies, consider factors such as:
- Regulation and safety: Ensure the broker is regulated by a reputable financial authority;
- Trading platform accessibility: Assess the broker’s trading platform and make sure it is user-friendly and reliable. Also, consider the platform’s availability, for example, whether there is a mobile app if you prefer to trade on the go;
- Fees and commissions: Assess trading commissions, account maintenance fees, and other potential charges;
- Account types: Check if the broker offers different account types that suit your needs and see whether it allows users to test the platform with a demo account;
- Market research tools: Research and market analysis tools will be of great help once you start adjusting your strategy;
- Customer support: Read up on what other users have to say about the platform’s customer support. If it is not prompt, consider another broker;
- Margin and leverage: Some brokers let users borrow funds (margin) when trading that they can leverage when investing. The more you borrow, the riskier the investment, but some investors with a higher risk tolerance appreciate solid margins.
Our go-to brokerage is eToro, a regulated platform with millions of active users and a range of attractive 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.
Step 2: Register and fund an account
Once you’ve chosen your brokerage, you’ll need to create an account and fund it. Simply visit the broker’s official website and sign up for an account by providing the required personal and banking information and completing the verification process.
After successfully registering, you can deposit some funds into your account. Major platforms like eToro support various funding methods, including bank transfers, credit/debit cards, and e-wallets, as well as third-party payment systems, such as PayPal.
Before funding your account, consider your financial situation, as rushing into investments when you cannot afford to do so can result in losses. Also, refrain from investing money that you cannot afford to lose.
Step 3: Place an order
Once your account has been funded, you can initiate a trade and buy Novartis shares by following these simple steps:
- Go to your broker’s website;
- Locate the Novartis stock (use its ticker symbol [AMGN] or look up the company’s name);
- Indicate the number of shares you wish to buy or the desired dollar amount you intend to invest;
- Select your preferred order type, such as i.e., limit, stop-loss, etc.;
- Carefully review all the provided details;
- Execute your trade by confirming and placing your order.
Step 4: Monitor your investment
Once you have added Novartis stock to your portfolio, you must actively oversee its performance. That also entails staying well-informed about the evolving trends, breakthroughs, and advancements in the biotech industry, as well as new regulatory demands.
Staying informed allows you to adapt your investment strategy on the fly if needed, and your awareness of crucial factors that steer the industry can help you make better-informed decisions. Consequently, you can mitigate risks and maximize your potential for success in the world of biotech investing.
Note
Novartis stock price today
Pros and cons of investing in Novartis
Pros
- Blue-chip buy (one of the top five largest companies in the industry);
- Diverse portfolio;
- A long history of philanthropic endeavors;
- Solid dividend yield;
- The company’s new urticaria drug, remibrutinib, is poised to perform well.
Cons
- The company has been in the center of a number of controversies in the past, for example, due to sexual discrimination and corruption;
- No major acquisitions that would diversify its pipeline;
- A lot of competition from other companies in the field.
How to buy Novartis stock safely
To minimize investment risks and increase your chances of profit, try to avoid some of the most common investing mistakes, and don’t forget to:
- Do your own research: Continuously monitor news and developments related not only to Novartis but the biotech industry in general. Also, review Novartis’ financial reports and SEC filings and analyze its revenue, earnings, and debt levels;
- Set realistic goals: Clearly define your investment goals, especially if you are aiming at long-term growth;
- Seek professional advice: if you’re feeling lost or if you’re new to investing, you can always seek professional advice or turn to copy trading;
- Plan an exit strategy: Have a clear idea of when you’d like to sell the Novartis stock;
- Stay patient: Stock investments are best seen as a long-term solution, so don’t expect to get wealthy in a day;
- Diversify: It’s wise to have a diversified portfolio that includes other assets in addition to the Novartis stock, like bonds and commodities;
- Review your investing strategy and adjust it as needed: Periodically review your investment strategy and portfolio to ensure they align with your goals.
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 Novartis stock
How can I buy Novartis stock?
You can buy Novartis stock through an online stock broker, such as eToro.
Can you buy Novartis stock outside Switzerland?
Yes, you can buy Novartis stock outside Switzerland, as it is listed on the New York Stock Exchange.
What is the difference between NVS and NOVN stocks?
NVS is the Novartis stock listed on the New York Stock Exchange; the NOVN stock is the Novartis stock listed on the SIX Swiss Exchange.
Does Novartis pay dividends?
Yes, Novartis does pay dividends.
