How to Buy Rimac Stock [2024]

Summary: You can’t buy Rimac stock directly, as it isn’t a publicly traded company. However, you can gain indirect exposure to the company by purchasing Porsche stock, its majority owner, through Interactive Brokers. Alternatively, if you’re looking for an even broader investment approach, Volkswagen Group, which owns both Rimac and Porsche, can be accessed on eToro.

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About Rimac

Founded in 2009 by Mate Rimac, Rimac Automobili has established itself as a pioneering force in the electric vehicle (EV) industry. The company is renowned for its cutting-edge technology, producing electric hypercars like the Rimac Nevera, which boasts impressive performance metrics and showcases the capabilities of electric propulsion.

Who owns Rimac?

Rimac is majority-owned by Porsche, the renowned German sports car manufacturer. Nevertheless, Porsche itself is a subsidiary of the Volkswagen Group, one of the world’s largest automotive conglomerates.

This ownership structure underscores the collaborative synergy within the automotive industry, with Rimac benefiting from Porsche’s expertise and resources, while Porsche, in turn, leverages the support and strategic positioning afforded by the Volkswagen Group.

How to buy Rimac stock: Step-by-step

Investors looking to gain exposure to Rimac can buy Porsche stock, Rimac’s majority owner, or invest in Volkswagen Group, which, in turn, owns Porsche, by following these step-by-step instructions:

Step 1: Choose a broker

Before investing in Rimac, you should consider whether you want to invest in Porsche, Rimac’s major owner, or investing in Volkswagen Group, which owns Porsche. Either way, selecting a reliable and reputable brokerage platform is the first step.

eToro

When it comes to investing in Volkswagen Group, our go-to broker is eToro, a widely popular platform with over 30 million users that offers a host of solid 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.

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• 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.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Interactive Brokers

For Porsche stock, our chosen broker is Interactive Brokers, as it’s licensed by The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), and it offers:

• Low commissions and financing rates to maximize returns;
• Global access to stocks, futures, currencies, bonds, and funds;
• Trading efficiency with premier technology;
• Secure trading experience.

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Step 2: Fund your account

After choosing a broker, you should fund your brokerage account by transferring funds from your bank account. Most brokerage platforms provide various funding options, including:

• Bank transfers;
• Wire transfers;
• Electronic funds transfers (EFTs).

Step 3: Place an order

Once your account is funded, navigate to the platform’s trading interface and search for your chosen stock. Enter the number of shares you wish to purchase and choose the type of order, whether it be a market order (executed at the current market price) or a limit order (set at a specific price).

VOW stock price today

Pros and cons of buying Volkswagen Group stock

Pros

• Global presence: VW is a global player with a strong presence in various markets worldwide. This international footprint can be advantageous for investors seeking exposure to different regions and economies;
• Innovation and electrification: Volkswagen is actively investing in electric vehicles (EVs) and innovative technologies. As the automotive industry shifts towards electrification, VW’s commitment to this transition may position it well for future growth;
• Strong financials: Historically, Volkswagen has demonstrated strong financial performance, making it an attractive option for investors looking for stability and a solid track record;
• Dividend payments: Volkswagen has a history of paying dividends, providing investors with a potential income stream in addition to the potential for capital appreciation.

Cons

• Cyclicality of the automotive industry: The automotive industry is cyclical and can be sensitive to economic downturns. VW’s performance may be impacted by factors such as economic recessions, changes in consumer spending, and fluctuations in commodity prices;
• Competition and market saturation: VW faces intense competition in the automotive sector, both from traditional rivals and new entrants, particularly in the electric vehicle space. The market for automobiles can also be saturated, impacting profit margins;
• Dependence on gasoline and diesel vehicles: While VW is actively investing in electric vehicles, a significant portion of its current revenue still comes from traditional gasoline and diesel vehicles. The transition to electric vehicles is a long-term process, and the company’s success in this transition is crucial for sustained growth.

P911 stock price today

Pros and cons of buying Porsche stock

Pros

• Diversification in the EV market: Investing in Porsche provides exposure to the rapidly growing electric vehicle market, allowing investors to diversify their portfolios;
• Strategic partnerships: Porsche’s collaboration with Rimac and other key players in the industry positions the company at the forefront of electric vehicle technology;
• Historical performance: Porsche has a storied history of producing high-performance sports cars, and its transition into the electric vehicle segment reflects a commitment to staying relevant in the evolving automotive landscape.

Cons

• Market volatility: Like any stock, Porsche’s value can be subject to market fluctuations and economic uncertainties, potentially impacting the stock’s performance;
• Dependency on the automotive industry: Porsche’s financial performance is closely tied to the automotive industry, making it susceptible to factors such as economic downturns, changes in consumer preferences, and global supply chain issues;
• Competition: The electric vehicle market is becoming increasingly competitive, with new entrants challenging established players. Porsche faces competition from both traditional automakers and innovative startups.

For more investing opportunities in the automotive industry, feel free to check out the following guides:

• How to Buy Lamborghini Stock;
• How to Buy Ferrari Stock;
• How to Buy Bentley Stock;
• How to Buy Bugatti Stock.

Common mistakes to avoid when buying stock

Investors should be aware of common mistakes and pitfalls to avoid when purchasing stocks, including Volkswagen and Porsche stock.

• Lack of research: Failing to conduct thorough research on Porsche, Rimac, and the broader electric vehicle industry can lead to uninformed investment decisions;

• Emotional trading: Emotional decision-making, such as panic selling during market downturns or impulsive buying based on short-term trends, can negatively impact long-term investment success;

• Ignoring risk tolerance: Every investor has a unique risk tolerance level. Ignoring your risk tolerance and investing beyond your comfort zone can result in financial stress and poor decision-making;

• Neglecting diversification: Overconcentration in a single stock or sector increases risk. Diversify your portfolio to mitigate the impact of poor-performing assets.

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 Rimac stock

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.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.