Business

How Do You Buy Instagram Shares?

With its millions of users, Instagram is, without a doubt, one of the biggest social media platforms there is. From ordinary people posting about their daily lives to celebrities updating about their whereabouts and current hobbies with fans – Instagram is the go-to application almost everyone has on their smartphones.

Because of its neverending hype and the growing number of users, many people might be interested in investing in some stocks on Instagram. But the real question is if it is even feasible. Can you buy a share on Instagram? Technically speaking, you can’t. But are there other ways you can still invest in the application? Fortunately, yes. Lucky for you, we have listed ways on how you can buy, though not directly, Instagram shares. Here’s how:

Buy a Facebook share.

You can’t buy an Instagram share, but since Facebook has already taken over most of its company shares, you can invest in a share of Facebook instead. The old stock symbol for Instagram, which is IG, has been changed by Facebook with their stock ticker FB. This means that buying a share on Facebook is also the same as investing stock on Instagram.

One need not worry about it being cost-effective as Facebook is considered one of the most used social media applications alongside Instagram. So, buying a share of Instagram through Facebook is still very much worth it. It’s like striking two birds through one stone.

Open a brokerage bank account.

Fortunately, there are a lot of online investment applications existing nowadays. With just a single download and a few clicks, you can open and fund your brokerage bank account without much hassle. You just have to be mindful when selecting the right investment app, and we recommend that you go for the one that doesn’t require a minimum deposit, so your account won’t be closed immediately when you fail to meet the needed amount.

After creating your brokerage account, all you have to do is connect with an existing bank account and fund it with the amount of money you decide. This way, you will fully activate your account. After this necessary process, all that’s left to do is purchase and decide on the amount you’ll be investing.

Wisely decide how many shares you will be purchasing.

There are two options you can choose from in buying shares. You can either buy Facebook shares the moment you open your brokerage account or opt for a more delayed option, the limit order where you will be holding out your purchase until your preferred price for Instagram (Facebook) will be in range. It would be best to look into the average dollar cost so you will have a lower risk of having large intervals and amounts on your purchases.

After deciding the mode of purchase you will be using, it’s time to do the most crucial part – identifying the number of shares you will buy. You can seek financial advice from your broker, or you can do things of your own accord by carefully weighing out and listing each purchase’s possible risks and benefits. The current price of each share is summing up to $360. Quite a risky amount, so to avoid wasting money, you have to be extra meticulous and try to list out all the possible consequences on every side. This might take some time, but if you’re motivated to invest, it’s one of the big responsibilities you have to take.

Following these guidelines, you may confidently claim that you now own a piece of Instagram (through Facebook)! Just make sure to check and optimize your stock portfolio constantly, and you’re good to go! Congratulations on being a shareholder of one of the most well-known social media applications!

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