Pfizer is an American pharmaceutical and biotechnological company; it has operations all over the world. This is a guide on how to buy Pfizer shares in South Africa.
Register with a broker
You need to register with a broker to be able to buy shares in companies. A broker acts like a middleman between you and the company you want to buy shares. Up until recently, it was very difficult to buy shares from offshore companies.
Mainly because of the sky-high minimums that you had to pay. EasyEquities came into the picture and changed all that, you can now buy US stocks for as little as R100. You will also get a demo account, which you can use to practice, it comes with $10K.
You don’t need to have any money to open an EasyEquities account, this is something you can do for free.
From your EasyEquities dashboard, do the following.
- Tap on “invest”.
- Select the USD account.
- Search for “Pfizer” and click on it.
- Tap on “buy now”
- Enter the amount of money you want to buy with.
- Confirm your transaction.
Click on the demo account on step 2 if you have not yet deposited money into your EasyEquities account.
Pfizer Inc has produced good returns recently, it’s up 17% within the last 12 months at the time of writing this article. However, it’s up 14% since 2017, which is an average of 3.5%, those are average returns, in line with South African inflation.
Conclusion
That’s how easy it is to buy Pfizer Inc shares from South Africa. Do you have any thoughts or questions? Comment below.
