With Boeing being one of the largest aerospace companies in the world, many investors are interested in buying Boeing stock. While it’s possible to purchase Boeing shares directly, using a brokerage firm like Fidelity makes investing in Boeing easier and more accessible. This article will provide a step-by-step guide on how to invest in Boeing stock using Fidelity, along with key factors to consider before buying Boeing shares. As one of the most widely held stocks, understanding how to invest in Boeing stock Fidelity can benefit many investors looking to add this aerospace giant to their portfolios.
Open a Brokerage Account with Fidelity to Enable Boeing Stock Purchases
The first step to buying Boeing stock Fidelity is opening a brokerage account, which allows you to buy and sell stocks and other securities. Fidelity offers several account options, including individual taxable accounts, joint accounts, IRAs, and more. The easiest is to open an individual taxable account, which can be done completely online in minutes. Fidelity will ask for personal information like your name, contact details, Social Security number, and employment status. You’ll also need to electronically sign an account agreement. Once your account is opened, you can immediately start buying Boeing shares and other stocks.
Deposit Funds into Your Fidelity Account to Cover Boeing Stock Purchases
In order to buy Boeing shares or any other stocks, your Fidelity account will need cash to cover the trades. You can fund your account electronically via bank transfer, wire transfer, or by mailing a check. Fidelity also offers a cash management account that allows ATM access and check writing. Once funded, the cash balance in your account will be used to settle your Boeing stock purchases. Having enough cash on hand to fully pay for your trades is important for avoiding potential good faith violations.
Enter Boeing Stock Orders Using Fidelity’s Trading Platforms
Fidelity offers several ways to place trade orders for Boeing stock, including its online trading platforms, mobile app, and telephone representatives. The easiest option for many is using the Fidelity website or mobile app to enter Boeing buy orders. You’ll need to enter some key details like the stock symbol (BA), number of shares you want to buy, and the order type (market, limit, stop, etc). Market orders execute immediately at the current market price, while limit orders only trigger if Boeing shares reach your specified limit price. You can also set stop prices to automatically sell if the stock drops to a certain level. Review your order details carefully before submitting to avoid mistakes.
Monitor Your Boeing Stock Investment and Set Price Alerts
Once you’ve successfully bought Boeing shares, it’s important to monitor your investment’s performance. Fidelity makes this easy by providing real-time quoting, price charts, Boeing news and analysis, and other stock research. You can also set up price alerts to notify you if Boeing stock hits specific price thresholds. This allows you to stay up-to-date on your Boeing investment and consider selling if the share price begins to drop significantly. Over time, you may want to buy more Boeing shares to lower your average cost basis.
Consider Boeing Stock Investment Risks, Including Competition and Regulation
While Boeing is a leader in the aerospace sector, it’s critical to consider the risks before investing. Boeing faces intense competition from companies like Airbus, which can impact market share and profitability. Regulatory oversight of aircraft safety and certification processes also pose risks following the 737 MAX crashes. However, Boeing’s large backlog, diverse business segments, and reputation still make it an attractive stock for many investors. Weighing Boeing’s risks and opportunities can help determine if it fits your investment strategy.
Investing in Boeing stock using a Fidelity brokerage account provides a straightforward way to gain exposure to one of the aerospace industry’s largest players. By funding an account, placing buy orders, monitoring performance, and considering risks, investors can incorporate Boeing shares into their portfolio. Just remember to conduct sufficient due diligence beforehand.