Buy Global Stocks with Mobile Money: Fractional Investing

Global stocks are not exclusive to rich people or those who have a brokerage account. African people can invest in fractional shares of some of the largest companies in the world using mobile money and apps that facilitate investments.

Buy global stocks with mobile money, If you wish to become an investor in companies such as Apple, Amazon, Microsoft, or Meta, several fintech firms will allow you to make such investments using only a little capital.

What Is Fractional Share Investing?

In fractional investing, you get to invest in a partial ownership of stocks rather than an entire stock.

If, for instance, a stock of a particular company is trading at $200 per share, you can get to purchase it partially by investing only $5 or even $10 to buy it.

How to Invest in Foreign Stocks via Mobile Money?

Here is how:

Step 1: Download an Investment App

Find an app that is regulated and also caters to your nation.

Step 2: KYC Verification

This process requires you to be verified through your government ID card and personal details.

Step 3: Fund Your Account

This process is done using one of the available ways to make payments, for instance, mobile money, and so forth.

Step 4: Purchase Partial Ownership of Shares

After funding your account, you will be able to purchase shares of other countries using small sums of money.

1. Chipper Cash

While initially focusing on cross-border transactions, Chipper Cash has ventured into investments in certain countries.

Key Features

Fractional stock investments starting at just $1
Provides access to large American publicly listed corporations
Mobile-friendly interface

Good For

Beginners interested in an easy way to have payment and investment functions in one single application.

2. Bamboo

Bamboo has become one of the most famous investment apps in Africa, providing access to local and international assets.

Key Features

Access to U.S. stocks and ETFs
Fractional investments
Education materials for novices

Good For

People are willing to use the investment platform exclusively.

3. Trove

Trove offers its users access to various international investment opportunities, not limited to single stocks.

Key Features

Access to various financial instruments all over the world
Fractional share purchases
Various asset classes like stocks, ETFs, etc.

Good For

Investors interested in a wide variety of investment products.

Things To Consider Before Investing

Although fractional investments have made stock buying easy, investors need to bear in mind that markets move up and down.

Some of the risks involved include:

Changes in currency
Market volatility
Specific company performance risk
Investment platform regulations

Investing should be regarded as a long-term process and not as an avenue for instant gains.

Conclusion

Fractional investing has brought about the inclusion of more Africans into international stock market investing. Chipper Cash, Bamboo, and Trove offer investors a chance to invest in the stock market by investing minimal amounts while accessing some of the biggest companies in the world.

Before investing, consider fees, accessibility, payment options, and regulations before choosing the right investment platform for you.