In this latest suggestive guide, I will give you a brief overview of how to buy Standard Chartered shares. When it comes to buying shares, there can be a number of different steps to take along the way. This guide can provide some of the possible steps you might need to take in order to buy shares. The process of buying shares is quite simple and straightforward, but there can be several steps to take, such as doing research, finding a suitable trading platform, and other important steps.
Also consider: Shares to buy now
Disclaimer: This is only a suggestive guide and does not amount to or constitute investment advice. Buying, trading and/or investing is highly risky and will put your capital at risk. There are no guarantees.
- Choose a trading platform. If you’re unsure which one to choose, see my guide to the best trading platforms UK.
- Open an account. You will need your national insurance number, personal ID and bank details.
- Enter payment details. Fund your new trading account via a debit card or bank transfer.
- Search for the stock code on your trading platform. Search for “STAN”.
- Research Standard Chartered shares information. Your trading platform can show you the latest information for Standard Chartered.
- Now buy your Standard Chartered shares. Go ahead if you’re happy to buy Standard Chartered shares.
Standard Chartered (STAN) Live share price
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Here you can find a simple six-step suggestive guide on some of the possible steps you might need to take in order to begin the process of buying shares in Standard Chartered. This is only an example and is by no means a comprehensive guide.
Step One: Finding a Suitable Trading Platform or Online Broker
One of the very first steps that you might need to take if you are looking to buy shares in Standard Chartered plc is to find a suitable trading platform or online broker that fits your individual needs. This might sound quite simple, and it can be for most, but some might find this initial step quite challenging.
With so many different trading platforms and brokerages to pick from, it can be difficult to know which one is going to best suit your needs. Everyone will likely have different expectations regarding how they want their investment experience and the features they expect from a service.
Finding a suitable trading platform or brokerage can take up some time, as it can be worth browsing the options available to you. Most services are accessible online, so all you need is a good, strong and stable internet connection. It can also be worth looking into some of the latest reviews and comments made online from other users about the services you are interested in. This can give you a good idea about how a particular service works and what it could mean for you if you decide to sign up with them.
A good thing to bear in mind is to find a platform or brokerage that is not only reputable but is also properly authorised and regulated by an official regulatory body.
Step Two: Creating a New Account
The next step that you may have to take if you are brand new to the scene is to create a new account to buy and sell your shares, as well as store your assets in one place. Similar to platforms and brokerages, there are now plenty of different account providers and types of accounts to choose from.
This is another instance where it can be worthwhile setting yourself up with some time to think about your options and consider which service and account type is best for you. It can be useful to do your research and find a good provider that is not only reputable but is also properly authorised and regulated by an official regulatory body. This could be regulated by the Financial Conduct Authority in the UK.
When it comes to setting up a new account, the provider may ask for some pretty basic personal details to get things started. This may include a full name, address, National Insurance Number, and bank details. In most cases, a new account will need to be verified before it can be activated and used. The provider should make it clear about how to verify a new account. In a lot of cases, to verify a new account, users may need to issue a copy of a passport or driver’s license as proof of identity.
Step Three: How will you Fund your Share Purchases?
If you are now set up with a platform and a new account to buy and sell your shares in Standard Chartered, then you might want to begin thinking about how you’re planning on funding your purchases. Everyone is likely to be in very different financial positions and will have access to varying amounts of resources to buy shares or make an investment decision.
You might find it helpful to consider what you have at your disposal and to know what you can afford to do. It can be beneficial in both the short and long term to recognise your limits and know what you can and cannot do.
When it actually comes down to making a deposit to buy shares, there should be a number of different payment methods on offer. The options available to you can differ between providers and services. The most common methods will typically include debit card and credit card payments, as well as direct bank transfers. Some may offer alternative payment options, including electronic wallets such as PayPal, Skrill, and Neteller.
Be aware that some platforms and accounts may charge their users a deposit fee for each transaction. Also, be wary of any minimum deposit amounts. Be sure to check with the service or provider directly prior to making any deposits.
Step Four: Search for the Standard Chartered plc Stock Market Code on your Trading Platform
If you are set up with some funds, then you might want to start thinking about Standard Chartered shares. You can try searching for the Standard Chartered plc stock market code via your trading platform to find some of the latest details and information about the company’s shares and stocks.
Most platforms and online brokers will have a search bar function. Things are made even easier with the unique ticker symbol. The ticker symbol is unique to every listed company and business on a stock exchange. Standard Chartered is listed on a number of different stock exchanges. According to the London Stock Exchange, the Standard Chartered ticker code is STAN. Standard Chartered plc is also listed on the Stock Exchange of Hong Kong and the National Stock Exchange of India.
The unique ticker symbol can be used to quickly search for some of the latest updates about a company, such as the current share prices, market information, and links to buy and sell shares.
Step Five: Do your Research on Standard Chartered plc and Standard Chartered Shares
This is perhaps considered by some to be one of the most important steps to take in the process leading up to buying, trading and/or investing in a company’s stock and shares. Doing research into a company and their shares/stocks can sometimes be a bit of a drag, but it can be very useful.
Conducting research can be a useful way of getting a much better insight into what you are getting involved in and what buying shares could mean for you, and ultimately gives you the chance to make more informed decisions. When doing your research into Standard Chartered plc, it can be useful to think about whether now is the best time for you to buy shares in the company. This is a very individuated and personal question that only you can answer.
Doing research can potentially make all the difference in both the short term and long term. It can give you a better overview of what you are getting yourself into. Buying, trading or investing in shares is an important decision, and there is a lot of risk involved.
There can be a number of different things to think about when doing research. Some examples can include the company’s past performance, the company number, the company’s previous, current and projected profits, the company’s earnings, the current share price, market capitalisation, dividend information and ex-dividend date, and the potential future performance of the company. These are only examples, and the list can go on.
It can be beneficial to do research up to a point where you can feel comfortable to make a decision. Think about your investment goals and try to be inclusive as well as broad with what you research.
You may find it helpful to seek out personal advice from a professional consultant. Gaining independent advice may cost additional fees, but a professional might be able to give you a better insight into the company and the investment opportunity you are considering.
Step Six: Are you Prepared to Buy Shares in Standard Chartered?
If you have thought about the previous steps, then you might want to question whether you are prepared to buy shares in Standard Chartered.
Another factor to consider is to make a note of your investment goals, targets, ambitions and then compare them with your personal financial situation. Remember that buying, trading and/or investing will put your capital at risk and nothing is guaranteed.
A Brief Overview of Standard Chartered plc
Standard Chartered plc operates in the banking and financial services industry. It is predominantly a UK company but operates on a global basis.
Standard Chartered was first founded by James Wilson. Its current headquarters is based in London.
The current Group Chairman is Jose Vinals. The current Group Chief Executive is Bill Winters. Standard Chartered offers a number of different services within the financial services industry. This includes consumer and corporate banking, credit cards, mortgages, private banking, investment banking, and wealth management services.
Standard Chartered does operate as a bank but does not actually offer retail banking in the UK. The bank has a primary listing on the London Stock Exchange, where its unique ticker symbol is STAN. The bank is also listed on the Stock Exchange of Hong Kong and the National Stock Exchange of India. Standard Chartered is also a component of the FTSE 100 Index.
Before you start buying or investing in shares and stocks, there can be a number of things to think about. Here are some examples of things you might want to consider before you buy Standard Chartered shares.
Conducting Extensive Background Research
I have already mentioned the importance of doing research into the company and the shares you are interested in buying. It can be a little time-consuming, but it can also be very beneficial.
Conducting extensive background research can give you a much better insight into what you are getting yourself into, and you can make a more informed investment decision moving forward. Heading into such a risky venture prepared and informed can only benefit you in the short and long term.
Consider your Investment Objectives and your Personal Financial Situation
Another factor that you might want to consider is to think about what your investment objectives are and compare these aims with your personal financial situation. Now a lot of people are going to have access to varying amounts of funds, and everyone is likely going to be in very different financial positions.
It can be worthwhile coming to terms with what you can realistically and reasonably afford to do. Recognise your limits and remember that buying, trading and/or investing is very risky to your capital, and nothing is guaranteed.
Make a note of what your aims and ambitions are. Write down what you are hoping to achieve and make an actual investment strategy. It can be then be useful to weigh up your options and assess whether these goals are, in fact, achievable based on your financial means.
Think About your Existing Investment Portfolio
Something else that can be worth considering is to think about your existing investments and your portfolio. More importantly, think about how a new investment or asset purchase could impact your portfolio and existing investments.
It can be pretty easy to leap straight into a new opportunity without first thinking about the possible implications on your other investments and assets. Of course, it is incredibly difficult to know how a new investment or share purchase could affect your portfolio, and no one can truly know what the future may or may not bring.
But taking some time to analyse things and to take a step back can give you a much broader picture and present you with possibilities of what could potentially happen in the future. This may also help you come to an ultimate decision about whether or not buying shares in Standard Chartered is a good option for you.
The market and the share price in a company is always subject to change and is likely to fluctuate, and this means there is always a chance of losing money very quickly. This can potentially threaten your existing investments and portfolio if a new investment or share purchase ends up being a poor choice.
Also, if you have yet to establish a portfolio, then you should think carefully about whether you are prepared to take on such a responsibility. Managing a portfolio can take up time, commitment and dedication.
In some cases, it might be worth seeking personal advice from a professional consultant. They may be able to provide you with tailored advice based on your portfolio and your prospective investment.
It is extremely difficult to answer the question of whether it is worth buying shares in a company. Finding an answer can come down to a number of factors. This includes individual circumstances as well.
Only the individual can truly know whether it is worth buying shares in a company or business, and this is the same for buying Standard Chartered shares.
Everyone is in different positions with what they want to achieve, the resources and funds at their disposal, and other individual and personal factors.
Working out the Price to Earnings Ratio, commonly known as the P/E Ratio, can be a good way of showing prospective share buyers the relative value of a company’s shares. Working out the P/E Ratio can be useful in measuring the current share price relative to the Earnings per Share.
Is Standard Chartered a Publicly Listed Company?
Can I Search for Standard Chartered plc on eToro?
The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.