Buy Nvidia shares in Somalia

Investing in shares is an activity that is becoming increasingly popular all over the world. Whereas in the past only rich people were interested in investing, now anyone can invest.

You don't have to be a millionaire and live in New York or Paris to become an investor. You can live in the remotest corner of Somalia and have a start-up few dollars to become a successful investor in the future. It sounds unbelievable, but it really is.

In this short article we will look at investing in Nvidia shares in Somalia. Let's take a look at the online option of buying shares, understand what an online investment platform is and what to look out for when buying shares through an online broker.

NVIDIA is a US-based manufacturer of graphics processors, chips for smartphones and computers, with video cards accounting for the majority of sales. The developer is considered one of the largest in the world.

The company was founded in 1993 in California. At the end of 2020, the company already had more than 13,000 employees in more than 50 offices around the world.

In 2015, around 80% of all video cards purchased by hardware manufacturers were from NVIDIA, and in 2016-2017, the company saw dramatic growth in sales and revenue amid the growing popularity of cryptocurrency mining. NVIDIA is not directly associated with cryptocurrencies, but its graphics cards are used in cryptocurrency mining. In May, the company reported record revenue for the first quarter, which jumped 84% year over year to $5.66 billion. Net income soared 109% to $1.9 billion.

The developer has only strengthened its position in the following years.

NVDA shares showed steady growth - between 2018 and 2020 they almost doubled in value. By mid-February 2021, the price was as high as $614.

Today, thanks to internet technology, we can invest in Nvidia stock from anywhere in the world. Let's take a closer look at how to invest in Nvidia shares in Somalia below.

How to invest in Nvidia shares in Somalia?

You have decided to invest in securities - this means that you cannot do without a broker.

According to the law, you cannot trade in the market without an intermediary. Transactions can only be carried out via legal entities with a brokerage licence - banks, investment and brokerage businesses. To choose a reliable and suitable broker, pay attention to the following points:

• Examine the documents proving the reliability of the broker. First of all, assess the existence of a license to conduct brokerage activities and all necessary documents required by applicable law;
• Familiarize yourself with the transaction limits. Brokers might also charge commissions for depositing and withdrawing funds, using a trading platform, pending orders to complete a transaction, etc.
• Become familiar with the online investment platform that the broker makes available. Find out what tools you will have access to when using this particular platform. If you are new to the platform, free training on the online platform will also be a great bonus for you.
• Check which stock markets the broker works with. Accordingly, you should try to find a broker with access to stock exchanges that handle Nvidia shares.

A year ago, NVIDIA's market capitalization exceeded that of other processor manufacturers in the US. The company has overtaken a giant such as Intel by this measure, while AMD lags 4.5 times behind by value. At the same time, NVIDIA remains a niche player by most metrics. After the publication of the report for the first quarter of fiscal year 2022 since May, NVIDIA quotations showed active growth.

Revenue for the period was $5.66 billion and earnings per share were $8.44 from the consensus of $5.39 billion and $3.28, respectively. For the upcoming quarter, NVIDIA expects revenue of $6.3 billion while the general market expects revenue of only $5.4 billion. On a P/E and P/B multiple, the company is valued at 95.05 and 26.5, respectively, which signals a slight overbought position. At the same time, among the companies we examine, only NVIDIA pays dividends and its results are regularly above expectations.

The US corporation pays quarterly dividends to its shareholders in the range of 1.97% p.a.

A popular investment option is the use of financial derivatives. When you trade CFDs (Contracts for Difference), you exchange the difference in price for the difference between the opening and closing times of the trade. In other words, here you need to be able to predict the potential rise or fall in the value of the chosen shares. In these cases you can only make a profit if you correctly predict the behaviour of the share price. How accurately you predict the rise or fall of these stocks will determine your profits. Consequently, in this case you have the opportunity to make a profit even if the stock price falls.

Most online platforms enable you to use the "Multiplier" option when choosing CFD trading, by which you can increase the amount you invest according to the multiplier you select. However, you have to remember that trading with a multiplier, on the one hand, allows you to multiply your potential profit but, on the other hand, it carries a high risk of losing money.

How to buy Nvidia shares in Somalia?

After studying the list of available brokers operating in Somalia through online platforms, choose one of them and register on their platform. As we mentioned earlier, registration on most platforms is quite simple and takes a few minutes. After confirming your connection with an email, you can log in and see how online investing works.

You do not have to open a real account right away and make real money on it. To get started, we strongly recommend you to create a free demo account. A demo account is a completely free trial account, which gives you an opportunity to try out the investment market method, without risking your money. You can use this type of account for as long as you like, with no limits on the amount or time involved. You will automatically be credited with a dummy amount, which can also be recovered if you run out of money because of a failed transaction. Obviously, you will not be able to withdraw money from the demo account. But you do not have to get the money back either, so demo trading is a great way to test yourself and practice your skills without the risk of losing real money.

Real trading is all about having a real account and real money. To activate a real trading account, all you have to do is to fund it with the minimum amount set by the system. You may use any online payment method.

You can withdraw cash from your account using exactly the same payment methods that you used to make a deposit. However, you will need to be additionally verified on the platform for security reasons in order to withdraw money.

Enter the Nvidia ticker symbol 'NVDA' into the platform's search field and you will be given access to the platform's trading room for NVIDIA stock. Here you can view up-to-date information about Nvidia shares (price, trading schedule, etc.) as well as buy and sell trades.

How to invest online? Investment prospects in Nvidia shares

So, to summarise the above, let's highlight where to start investing:

• find a reliable online broker;
• register on an online investing platform;
• open a demo account;
• get to know the platform and all the tools it offers;
• study the training materials online;
• try trading with a free demo account;
• keep up to date with news about the company you are considering investing in.

You should bear in mind that investing is a very risky and complicated process that is dependent on many factors and therefore caution should be exercised even when investing in a priori successful and financially sound companies.

To avoid losing the desire to invest after the first unsuccessful attempt, you need to remember to proceed carefully and gradually. Read the theoretical material - there is now a lot of it freely available on the Internet and on the platform. Carefully watch all of the training videos. Be sure to practice investing on a demo account.

When funding a real account and starting real investments invest the amount of money that you do not have any fear of losing, and the loss of which will not lead to your own financial ruin. Start with small amounts and increase the size of your own investments along with your own experience and knowledge. Do not be in a hurry to use multiples in trading.

Remember, it is not enough to study only the history of the firm in which you intend to invest.

If you want to be successful in terms of investing, constant market research must become your habit, your lifestyle.

Today's economy is very volatile and life is quite dynamic. To understand market patterns, you need to follow the political situation in your country, the economic processes in your country, and the economic and political situation in the world as a whole. You should also understand if the product or service of the company you are investing in is in demand. Whether or not the company will grow and develop.

You should remember that investing is a risky business because, in addition to the possibility of significant profits, there is also the disadvantage of possibly losing your own money. Therefore you should not start recklessly but prepare carefully, do not be lazy to learn the laws of the market and the principles of effective investing so that you do not take unnecessary risks.

Continued study and attention to detail will help you become a good investor and achieve financial success with investments.

Remember to do the following:

• Follow verified sources of information that cover economic and political news that can affect the NVDA market.
• Analyse various current economic indicators.
• Follow the advice of consultants and recognised investment experts on the value of Nvidia stock.

As far as Nvidia is concerned, the investment outlook is very good. In the last quarter, the chip maker reported an 84% year-on-year increase in revenue. In the first quarter, which the company ended May 2, 2021, its revenue rose to a record $5.66 billion. Net income rose 109% year-over-year to $1.9 billion. The company expects financial performance to continue to grow and total revenue in the current quarter to about $6.3 billion. That's up 62% from the same quarter last year.

So investing in Nvidia shares in Somalia is indeed a good choice.