Yesterday, Nvidia became the world’s most valuable company leapfrogging both Apple and Microsoft. Few companies have captured as much attention as Nvidia and it seems like if you’re not investing in the company like a maniac you’re joking around.
Nvidia is up 181% this year, 209% in the past 12 months and 3,474% in the last 5 years. By comparison, the entire stock market is up 16.9% this year and that is also driven by Nvidia.
Obviously, Nvidia is not everyone’s cup of tea so what should you do if you want Nvidia but you’re a bit concerned about the price? First of all, on Bamboo, you can invest with whatever amount you have. You can put in your $10, $20 or $300 and get yourself a piece of any company in the U.S. market, including Nvidia. Here are a few other ideas to invest in Nvidia:
- Buy an S&P 500 ETF: Nvidia accounts for about 30% of the entire S&P 500 so buying an ETF like the Vanguard S&P ETF or the SDPR S&P 500 ETF (SPY) is a good way to invest in Nvidia while instantly reducing the risk of a downside. This ETF will also include companies like Apple, Amazon and a lot more. If you’re not sure what an ETF is, watch this short video.
- Buy a semiconductor ETF: The ProShares Ultra Semiconductor ETF is another great way to invest in Nvidia. The benefit of a semiconductor ETF is that in addition to Nvidia, it also includes other flying semiconductor companies like Broadcom (up 66% this year) and AMD (up 11% this year) to name a few. Nvidia also represents 30% of the total value of the ProShares Ultra Semiconductor ETF.
- Dollar-cost average: Set up an automated monthly purchase of Nvidia with the recurring purchase feature on Bamboo. By investing consistently over some time you reduce the risk of buying at the absolute highest price. To use the feature, go to Nvidia on the Bamboo app and tap the “recurring purchase” button.
- Bite the bullet: If you feel confident about Nvidia’s prospects you can just go all in and buy the stock.
Win a Google Pixel on us
A few weeks ago we gave out an iPhone 15 and later on we gave out a Pixel 8. We’re giving out another Pixel 8 and you can win. All you have to do is invest up to $200 in either the U.S. or Nigerian stock market or Treasury Bills on the Bamboo app. Hurry, the offer will be over this week.
How has the NGX performed in June?
A new article by Nairametrics has profiled the top 10 performers in the Nigeria stock market this month. Here they are:
- TotalEnergies Marketing Nigeria – +20.96%
- Guinness Nigeria – +21.59%
- FTN Cocoa Processors – +24.55%
- Veritas Kapital Assurance – +25.40%
- Chams Holding Company – +26.67%
- Oando Plc – +28.81%
- Presco Plc – +29.12%
- RT Briscoe – +27.81%
- Regency Assurance Plc – +30.56%
- Deap Capital Management & Trust – +40.00%
