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Amazon Inc. is one of the most popular success stories of the internet era. Since the launch of Amazon’s IPO in May 1997, the AMZN stock has gained 99.9% in value.
If an Indian investor bought 10,000 AMZN shares back in 1997 for $1730 (₹62,280), the value of their AMZN stock investment would be worth ₹2,41,29,667 in February 2021.
But back then, an app like Cube Wealth wasn’t around to make US investments simple and accessible to all Indian investors. In this blog, we’ll tell you how you can buy AMZN shares conveniently using Cube.
Note: All facts & figures mentioned above are accurate as of 19-02-2021 and have been taken from publicly available sources.
Here’s how you can buy Amazon shares (AMZN) on the Cube Wealth app in 5 easy steps:
An app like Cube Wealth lets you buy and sell US stocks for as low as $1. All you have to do is Download Cube For Free to get started. It is available on Play Store and App Store. You can view your portfolio in one simple view. Above all, you don't have to worry about complicated jargon and graphs.
Cube's KYC process is completely digital and convenient. This will allow you to complete your KYC process from the comfort of your home.
Cube Wealth is convenient to use and gives you access to two US stock trading modes:
Cube helps you create a US brokerage account with DriveWealth, Cube's US brokerage account partner.
That's it! Now you can buy & sell Amazon shares whenever you want
The current price of 1 AMZN share is $3,328.23. However, Cube Wealth lets you invest in fractional shares by investing as little as $1 in US stocks of companies like Amazon, Apple, Google, Tesla, Facebook, etc.
This means that you can buy fractional shares of US companies from the comfort of your home. Furthermore, Cube Wealth is the first wealth creation platform to bring US advisory to India with RIA, Rick Holbrook.
Watch this video to know how US stock advice works on the Cube Wealth app
Direct equity may not be every investor’s cup of tea. But that does not mean Indian investors can’t grab a slice of the profits generated by Amazon Inc.
Meet ‘International Funds’. These funds fall under the equity mutual funds category and invest in the stocks of foreign companies from countries like the US, China, Japan, etc.
These funds may buy stocks of high growth companies like Amazon, Tesla, Microsoft, etc. Cube Wealth gives you access to international mutual funds with advice from Wealth First, Cube’s advisory partner.
Wealth First curates a list of the best mutual funds that Cube users can invest in every month. And one of these handpicked international funds currently includes the ‘Motilal Oswal S&P 500 Index Fund’.
Motilal Oswal S&P 500 Index Fund invests in Amazon shares which represent approximately 4% of the fund’s portfolio. Here’s a snapshot of the fund’s partial portfolio (subject to change):
Note: All facts & figures mentioned above are accurate as of 19-02-2021 and have been taken from publicly available sources.
Download the Cube Wealth app to invest in the best international mutual funds with expert advice from Wealth First.
The Cube Wealth app is the most convenient way to buy Amazon shares in India. Cube Wealth helps you invest in Amazon shares directly either by yourself or with advice from RIA, Rick Holbrook.
Else, you can even reap the benefits of the Amazon stock by investing in the Motilal Oswal S&P 500 Index Fund that Cube Wealth gives you access to.
Download the Cube Wealth app or consult a Cube Wealth Coach today to get started.
Watch this video to know why you should invest using Cube Wealth
Top 5 Reasons To Try Our Powerful Investment App!
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