Tag: Investing in 2023

How to Buy AMC Stock (2023 Guide)

How to buy AMC stock

So, you’ve probably heard all about AMC stock and now want to buy it.

Yes, it hit an all-time high of $72 per share during the ‘meme stock’ frenzy.

And yes, it is still heavily shorted, meaning it is still a short squeeze candidate.

In early 2021, readers flocked to Franknez.com and were up over 3,000% at some point when the movie theatre chain stock peaked.

Those who failed to take profits, not so much.

In this article, I’m going to walk you through step-by-step how to open your brokerage account with Vanguard so you can learn how to buy AMC stock today.

Let’s get started!

Note: None of the content on this platform is financial advice. All market analysis conducted by Frank Nez is based on market news, market sentiment, technical analysis, and market trends.

How to Buy Stock in AMC

how to buy stock in AMC

If you want to learn how to buy AMC stock, first you’ll need to open a brokerage account with a reputable broker.

I use Vanguard due to its reliability, updated and easy to use interface, and reputation in the financial industry.

Vanguard is one of the largest asset holders worldwide with $7.2 trillion in assets under management (AUM).

Related: How Big Could an AMC Short Squeeze Potential Surge?

#1. Create an Account with Vanguard

The first thing you’re going to want to do is visit their homepage and click on ‘open an account’.

You will then be prompted to the page shown below.

How to buy shares of AMC

Click on ‘Open a new account with money from my bank’.

There are other options to fund your newly broker account with Vanguard but for simplicity, we’ll get you started here.

Click continue and then choose ‘I’m new to Vanguard’.

how to buy AMC stock with Vanguard

Here, you will need to create your profile and login ID to create your broker account.

This process will take you anywhere between 5-10 minutes.

You will gain access to choose what type of account you’ll want to open (General Investing for most), provide standard personal information, and add a bank account to fund your stockbroker account.

To open an account, you’ll need the following:

  1. A permanent U.S. residence
  2. Employee address, if applicable
  3. Social security number

Once you’ve created your login and have funded your account, you’re ready for the next step towards buying shares of AMC (and other company stock)!

Which AMC Stock to Buy?

Use the search bar on the far-right corner to search for ‘AMC ENTERTAINMENT’.

New investors might question which AMC stock to buy.

Search ‘AMC’ and you will see ‘AMCX’, which is AMC Networks, the network where ‘The Walking Dead‘ airs. AMCX is the wrong AMC to buy if you’re looking for the movie theatre chain.

For the right AMC stock, search ‘AMC Entertainment’.

This will narrow your search to two securities.

Choose AMC – AMC Entertainment Holdings, Inc., not APE.

APE is AMC’s Preferred Equity, it’s a different security.

Now that you’ve identified which AMC stock to buy, toggle over to ‘My Accounts’ and click on ‘Buy & Sell’ under ‘Transactions’.

#2. Get a Quote

Search for ‘AMC’ and click on ‘Get quote’.

A real-time quote will pop up for final confirmation.

Click ‘Buy’ to select the number of shares you’d like to purchase of AMC stock.

Type the number of shares you’d like to add to your stock portfolio.

Then set your ‘order type’ to limit.

This will allow you to buy AMC stock at its current share price or better.

Type the ‘limit’ price to AMC’s current stock price.

Leave the ‘duration’ on ‘Day’ to execute your order the same day.

And hit ‘Preview Order’.

Submit your order and congratulations!

You have now learned how to buy AMC stock.

You can use Vanguard to purchase all sorts of stocks now and begin to build a strong portfolio.

Related: The Best Dividend Stocks to Buy for Passive Income

Don’t get left behind!

Business new, Market new + more by FrankNez.
Business new, Market new + more by FrankNez.

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Report: Only 1% of Retail Investors Plan to Sell in 2023

Market News: Finimize reports only 1% of retail investors plan to sell in 2023.
Market News: Finimize reports only 1% of retail investors plan to sell in 2023.

Only 1% of retail traders plan to sell off their investments in 2023, according to a survey from Finimize, while 65% will continue investing and 29% plan to add to their portfolios.

The survey of over 2,000 retail investors across Europe, Asia and the U.S., found that over 80% think the worst of the stock market rout will be over within six months, says CNBC.

The majority (72%) of the traders plan to back individual stocks next year, with 64% favoring Big Tech names like Apple, Microsoft, Google and Meta.

Even the AMC and GameStop communities continue to stay bullish on these companies.

In 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, according to a new survey from London-based investing insights platform Finimize.

“This data is proof that even in the current market environment, the majority are seeing volatility simply as part of the economic cycle thanks to access to information and growing experience with investing,” said Max Rofagha, Finimize’s CEO, in a press statement Wednesday.

Here’s the latest market news.

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Retail Investors Aren’t Planning on Selling

A very big portion of retail investors aren’t phased by this year’s bear market and plan to grow their holding leading into 2023.

The survey done by Finimize shows 38% of retail investors also plan to invest in crypto, even amid the fallout from the collapse of Sam Bankman-Fried’s crypto exchange FTX.

About 56% of traders believe that bitcoin will be higher, vs. 44% who think it will trade lower.

The retail investment community is set to account for 61% of all assets under management globally by 2030, up from 52% in 2021, according to wealth management strategy consulting firm Indefi.

But Finimize believes retail investors won’t have the influence they did during the ‘meme stock’ frenzy in 2021.

Meme stocks 2023
Finimize on ‘Meme Stocks’ in 2023.

But being part of this incredible community made up of millions of investors buying AMC and GameStop, I’m not sure I agree with Finimize.

These retail investors are looking to replicate the events that occurred in 2021 when AMC and GameStop both reached all-time highs.

Will You Be Buying, Holding, or Selling in 2023?

Investing in 2023
Only 1% of Retail Investors plan to sell in 2023 according to a report by Finimize.

Will you buy buying stocks, holding, or selling in 2023?

I’m curious to know your sentiment on the markets for next year.

Leave your thoughts in the comment section down below.

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Source(s): CNBC


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