How to Buy Skillsoft Stock [2024] | Invest in SKIL

Summary: Skillsoft, a leader in digital learning and talent management solutions, is listed on the NYSE under the ticker SKIL. Those interested in investing in the sector can buy Skillsoft stock with brokerage platforms such as Interactive Brokers.

Best Platform for Worldwide Stock Trading & Investing

• Highly trusted multi-asset broker with clients in over 200 countries

• Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

• Low commissions starting at $0 with no platform fees or account minimums

• Easily fund your account and trade assets in 26 currencies

• IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

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About Skillsoft

Operating primarily through two distinct segments – Skillsoft Content and Global Knowledge – the company offers a diverse range of services, including content services encompassing leadership and business skills, technology and developer training, and compliance training. Furthermore, Skillsoft provides cloud-based content on various open platforms and talent management solutions. 

With a keen focus on the evolving dynamics of the modern workplace, the company presents enterprise learning solutions that not only prepare organizations for the future of work but also address crucial skill gaps. Through their offerings, Skillsoft Corp. aims to drive tangible behavior change and untap the latent potential within their clientele’s workforce.

Skillsoft is publicly listed on the New York Stock Exchange (NYSE) under the stock symbol SKIL.

How to buy Skillsoft stock: Step-by-step process

To buy Skillsoft stock, follow the steps outlined below:

1. Choose a broker;
2. Register and fund your account;
3. Buy Skillsoft stock;
4. Periodically monitor your position in Skillsoft and adjust your portfolio accordingly.

Step 1: Choose a broker 

To begin your investment journey, sign up with a reputable broker. And while the choice may seem daunting given the abundance of platforms, finding one that aligns with your financial goals and meets your individual investment criteria is essential.

We recommend using Interactive Brokers (IBKR), which is fully regulated and offers a variety of features, including:

• Commission-free stock trading;
• Global stock-trading on 90+ market centers;
• Fractional shares available;
• Extra income on fully paid shares;
• Lowest financing rates for margin accounts in the industry;
• No account minimum. 

Best Platform for Worldwide Stock Trading & Investing

• Highly trusted multi-asset broker with clients in over 200 countries

• Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

• Low commissions starting at $0 with no platform fees or account minimums

• Easily fund your account and trade assets in 26 currencies

• IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started

For those wanting to diversify their investment portfolio within the education sector, consider these options:

• Duolingo (NASDAQ: DUOL); 
• Coursera (NYSE: COUR); 
• Chegg (NYSE: CHGG); 
• Pearson (NYSE: PSO). 

Each of these companies brings a unique angle to the education sector and represents a chance to invest in the future of learning and development.

How to choose the best online broker?

Choosing the best online broker requires careful consideration of several key factors; 

• Regulation and security: Ensure the broker is regulated by reputable financial authorities and offers strong security measures to protect your investments; 
• Fees and commissions: Compare fees for the services you expect to use most. This includes trade commissions, account maintenance fees, and any other costs associated with the platform; 
• Platform and tools: Look for a platform that is user-friendly and includes the tools and research necessary to support your trading activities; 
• Investment choices: Check that the broker provides access to a wide variety of investment options, from stocks and bonds to ETFs and mutual funds; 
• Customer support: Good customer service can be invaluable, especially when you run into technical issues or have account questions; 
• Educational resources: Especially beneficial for beginners, these resources can help you improve your investing knowledge and skills.

Step 2: Open and fund your account

Once you’ve chosen a brokerage, you’ll need to provide personal information to set up your account, including details such as your name, address, employment information, and tax identification number. After completing the registration, you’ll undergo a verification process to secure your account. 

The next step is to fund your account, which you can do via bank transfer, credit/debit card, or other payment methods offered by the broker. Be mindful of any minimum deposit requirements and transfer fees. 

With your account funded, you’re ready to start investing. 

Step 3: Place your order

Once your account is funded, you’re ready to buy Skillsoft stock. Follow these steps to make your purchase:

• Identify the stock: Search for Skillsoft by its ticker symbol SKIL within your broker’s platform; 
• Select order type: Choose the type of order you want to place—this could be a market order, limit order, stop-loss, etc;
• Specify quantity: Enter the number of shares you wish to buy or specify the dollar amount you want to invest;
• Review the details: Double-check the order to ensure all details are accurate;
• Confirm: Click the “Buy” or “Trade” button to execute your order;
• Order execution: Your broker will now process the order. A confirmation will be sent once the transaction is complete.

Step 4: Monitor your investment

To monitor your investment in Skillsoft, you can:

• Set up alerts: Most brokerage platforms allow you to set up notifications for price movements, earnings reports, or news related to Skillsoft;
• Regularly review performance: Check your investment portfolio periodically to see how Skillsoft stock is performing against your investment goals; 
• Stay informed: Follow financial news and Skillsoft’s press releases to stay updated on factors that may impact the stock’s performance; 
• Use analytical tools: Utilize tools provided by your broker to analyze the stock’s performance trends and compare them with market benchmarks.

Skillsoft stock price today

Pros and cons of buying Skillsoft stock

Pros

• Market position: If Skillsoft holds a strong position in the e-learning and training industry, it could be poised for growth, especially as digital education solutions continue to expand;
• Innovative solutions: As a provider of educational technology and software, Skillsoft may offer innovative solutions that have the potential for expansion and scaling, appealing to a broad customer base. 

Cons

• Competition: The e-learning market is highly competitive, with many players vying for market share, which can impact Skillsoft’s profitability and growth prospects;
• Technology risks: Rapid technological changes require constant innovation and development; failure to keep up can quickly render Skillsoft’s offerings obsolete. 

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 Skillsoft stock

Best Platform for Worldwide Stock Trading & Investing

• Highly trusted multi-asset broker with clients in over 200 countries

• Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

• Low commissions starting at $0 with no platform fees or account minimums

• Easily fund your account and trade assets in 26 currencies

• IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started