As an investor if you wish to diversify your investment portfolio then investing your savings in the US stock market would be a good option. Many investors are not aware of making their global investments from India. You will be surprised to know that investing your savings in the US stock market is an easy and simplified process.
Invest in the US stocks from India and start owning the
shares of big companies, all from the comfort of your home or office. If you
are looking for assistance from a trusted brokerage firm then seek the guidance
of Goodwill as they offer you the exceptional trading service you can afford
from anyone in the market. Goodwill has been a recognized trading broker in
India and offers the lowest brokerage fee in the market. Click here to know more!
To start trading with US stocks, you should be aware of the
five key steps before you can invest in US stocks from India. Let's have a look
at these steps listed below:
1. ACCOUNT OPENING:
As an investor, you should find the best brokerage account in
India for buying US stocks. As discussed earlier, opening a brokerage account
with Goodwill will benefit your trading and assist you in opening your trading
account. Fill in your details to complete the online registration. Once the
account is opened, your brokerage account will also be created automatically.
2. DOCUMENTATION:
As we all know, documentation is a common procedure to
validate your identity and address proof. During the process of opening an account,
you are required to furnish certain documents that are related to ID and
address proof. For ID proof, you can submit a voter ID, passport, PAN Card or
valid Driver's License, etc. For address proof, you are allowed to submit a
utility bill, credit card statement, Aadhaar Card or valid Driver's License
with the address.
3. ADDING FUNDS:
To start the trade in the US stocks, you would initially
require funds. An investor is allowed to transfer funds if the account is
approved. Once your account is created, you are allowed to add funds to your
brokerage account.
4. FOREX FORMALITIES:
Before investing your savings in global stocks, you should be
well-known about the RBI guidelines. As an Indian resident, you are allowed to
purchase dollars by using Indian rupees from an authorized dealer or bank in
India. The purchased dollars can be spent or remitted abroad by acquiring
property or other financial assets.
5. FOREX RATES:
You should consider the foreign exchange rate while
transferring your rupee funds from your Indian bank account to your brokerage
account in the US. Some of the international brokerage platforms have partnered
with the nationalized banks to offer you the lowest forex rate.
START YOUR TRADE:
Once you have opened a brokerage account in the US stocks,
you can start owning the shares of big firms like Tesla, Apple, Amazon, etc in
the international market. As an investor from India, you can invest in US
stocks as low as Rs.100!
If you are new to the stock market and need
proper guidance to choose the best stocks in the market, seek help from
Goodwill. Goodwill has been acknowledged as a trustworthy brokerage firm in
India and offers expert guidance to their valuable investors by providing them
with training sessions that would help them to know about the latest market
trends. Stay connected with Goodwill Facebook Page and get instant live updates on your stocks.
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