Investing internationally, you have probably thought of it. When it comes to international investing, without doubt, Stocks of US companies are obviously one of the most sought-after on the list. Would you disagree? But why has it gotten so famous, and what has led to investors in traders being attracted to US Stock the most? How Groww helps you to invest in US stocks in a hassle-free manner.
Why Invest in US Stocks?
The United States brands have slowly become a very big part of our everyday life. Even in India, right from Windows Mac OS, the iPhone and our favorite fast food joints like McDonald’s, Burger King, Starbucks, and the list goes on. Let us say, you want to grab a cup of coffee, where would you be headed to? Starbucks, right? Let us say, you visit a University, and every student out there sticks to their iPhones. So typically, our daily lives have been filled to an extent that we at least come across one brand from the United States every passing day.
So before we get into buying US stocks, let us first understand the benefits of investing in US stocks. Why has it gotten so popular lately, and what makes it the fondest for Indian investors?
How to Invest in US Stocks through Groww?
You were probably more familiar with investing in the domestic market through Groww similar platforms, but you can start investing in US stocks too, right from here. It is not as hard as a lot of thinking it is. Here is a step by step process you could follow:
- Onboard
The process of onboarding is a little different from that of a regular Demat account that you use to invest in domestic equities. You need to open an International Trading Account. So, once you visit the Groww website, you can start off.
-The international trading account is easy to open, it takes hardly 5 minutes, and it is also free of cost.
-So, firstly, you need documents to open your account. Your address proof and your PAN Card. The documents will be verified by the US Broker dealer partner before the activation of the account.
-Select your Bank Account. While you open your account, you will have to select the bank account, in which you would like for your Future USD funding transactions.
-Activation of your account after you submit your application, which will happen a few minutes after you submit your application.
- Add Dollars
Your international stock buying process starts with you adding dollars to your account. Investing in companies that are listed in the US will need to pay US dollars. You cannot make these transactions on the Rupee.
-To start off, there are two things in the Groww balance. They are INR balance and USD balance. You can add funds to your USD balance by transferring money from your bank to the US beneficiary.
-After your money has been transferred to this balance, it would take around 2 to 4 working days to reach Apex Clearing in the US. After that, Apex will inform the broker dealer-partner that the money has been received, and it will reflect in your Groww US balance.
- Investing in the Stocks
From here, investing in stocks is quite a catwalk. Now, you can even buy fractional shares of the biggest companies at lower investment amounts. So choose your companies and how you would want to invest in them.
- Selling the Stocks
If you feel like you have to sell, or it is the best time to sell your stock, even that is a simple process. You can place a market order for selling your stock the same way you bought it.
- After the Stock is Sold
After you are done selling your US stock, your money will be transferred to your Bank Account from your Groww balance.
Benefits of US Stocks
The United States; the most developed country, does offer us a lot of benefits, and this is apart from the fact that it has the biggest GDP in the world. Here are some of those most prominent benefits.
Market Capitalization – The S&P 500 is one of the largest stock exchanges in the world in terms of market capitalization, which is $30.5 USD. It is because it hosts 500 of the top companies in the world like Apple Inc., Microsoft Corp., Amazon, Facebook, and much more.
Diverse – It is also one of the most diversified markets in the world. It is also most active in the varied extreme of industries such as Technology and Finance, and more.
Innovation Does Not Seem to Cease – There are always newer, better, and more innovative companies that keep coming up in the United States. Basically, the US soil keeps seeing a surge of rising businesses. You can easily be part of that growth journey through wise investments in those stocks.
The Dollar Against the Rupee – We all know this. The US currency is one of the strongest in the world. Also, investing in these US stocks with dollars leads to long-term wealth creation.
Apart from these major benefits, there are several other ones when you look at them even more specifically. When you think of diversification and portfolio expansion, you might want to think one step ahead of the stocks you have invested in right now. So, yes, US Stocks can be a great way to do so.
Most importantly, it is not a hard process, or you do not need to reach different brokers or go through tiring operations to get it done. You can get it done through Groww, a platform for Mutual Fund, stocks, futures and options, US Stocks, Gold, and Fixed Deposits. Along with all of this, it holds a good hand in US Stocks, with an easy process to get started.
Conclusion
Without a doubt, investing in US stocks can help you in adding the extra length to your portfolio diversification. US Stocks and the US stock market is also the house to many successful companies of the world. You and I both know, investing in International stocks needs much more than just mere research. It needs intense understanding too. Simple steps towards kick-starting that journey can be a great way you can start off. Groww US Stock investments are also something you can rely on, from wherever you are and whatever you are doing. One thing to note is Groww is yet to introduce the US stocks investment feature on the app and right now, you can invest via the official website.
