How to Invest in US Stock Market from Ghana/Nigeria Using bamboo Investing App
Bamboo is a great platform for beginner investors to get started in the stock market even with a small amount of money in this blog I'm going to show you some tips on how to make money on the bamboo app investing in the US Stock Market if you stick with me to the end of this blog I will show you another way to make money with an app without even investing with your money I'm going to work you through how to make money investing in the US Stock Market with a bamboo app stick around and I will show you step by step how easy to set up your
bamboo account choose stocks to invest and make profitable trades investing in stocks can be a great way to grow your wealth over time even though there are no guarantees however stocks have historically provided attractive long-term RS by picking the right stocks and using smart investment strategies you put yourself in a position to profit from the growth of successful companies so stocks allow you to buy ownership shares in in a public company some of the benefits include appreciation of stock prices as stock prices rise and
dividends from the companies profit risks include potential losses if stock price decline investing in longterm minimizes risks from volatility I'll was sharing the key principles and techniques I have learned from my own experience investing in stock markets before we get started let's talk about the Bumble app bumo app is a userfriendly Investment app that allows you to invest in stocks and ETFs with ease it's a fantastic platform for beginners and experi investors to use to trade their stocks and ETFs ability to
buy fractional share amounts they also provide educational resources for new investors so if you're looking to dip your toast into investing bamboo app removes a lot of barriers for new investors you don't need thousands of dollars to start investing in stocks or ETFs getting started with a bamboo app takes a few minutes to get started so let's dive into how to set up your Bumble app on my phone so first you need to download a bumble app from the Apple store or Google Play Store and sign up an account once you've done that you
need to complete the account verification process which usually involves providing some personal information and verifying your identity then you click on the country that you're from so I'll click on Ghana then you fill in your personal details in here then you select your date of birth enter your email address so I'm going to enter my password then I I will acknowledge the receipt and click on continue so you're going to get a verification code on your phone the number that you use to register the account so I've received the
verification code then I'll paste it click on next so I need to create my pin here now my B account has been created successfully so you will need to complete your kyc so you click on proceed then over here you can see I need to enter my Ghana card so what I need to do is to enter my Ghana card and and click on continue if you are in Nigeria you can use your government ID to verify your account after you're done we click on next then you'll get your account activated so after you provide your proof of identity your account will
be verified within some few minutes to open your account make sure to use the link in the description below to register your bamboo account or use the referral ID in the description for your referral option so once your account is set up and verified you can proceed to fund your bamboo account so bamboo accept ghanian City and Nigerian nirra so you can click on the plus icon here so I can either deposit in the Ghana City or the US dollar I'll click on us you can see over here $1 equivalent to Ghana city is 12.7 so let's say I would
like to invest let me use uh let's say $20 so $20 is going to be 254 Ghan cedis then I will click on deposit so over here you can select your payment type either to go with um City Mobile money deposits or you can use your credit or debit card to deposit your font I believe that in Nigeria you can use your bank account to transfer into your bamboo account to fund your bamboo account so right here I'm going to use the Ghana City to make a deposit and there is going to a little fee that you need to pay so I will use the CD mobile
money deposit then I'm going to use um my mobile money number then I'll click on confirm so I'm paying 257 because there is an additional 3 G in the charge so I'll enter my pin then I'll accept the payment click on okay so the payment has been successful so I got a notification here uh your deposits of 254 has been settled then I'll reload Okay so so you can see I have um $27 now in my account so after registering your account you have to verify your bamboo account in your email so check your email to verify your bamboo account
before you can proceed to finding your wallet and that is it the sign up is so easy and very quick to get started investing on the Mambo app you can start investing as little as $10 you don't need a lot of money to get started I recommend funding your account each month whenever you have some extra cash so you can put your money to work instead of saving all your money in the bank account I advise that you need to save some of your money in stocks so that you will let your money work for you this is other Financial advice but
this will help you build your financial portfolio so once your account is funded it's time to build your Investment Portfolio and here are some tips that you need to take note of so first you need to decide your investment strategy will you invest in individual stocks ETFs or both make sure to research in companies and identify stocks and ETFs to invest in take your time to research different companies and consider their factors like Financial performances gold prospects and competitive advantages remember investing is a long-term game
so focus on companies that you believe in with strong fundamentals and growth potentials once you done with the research it is time to build your portfolio so the bamboo app allows you to invest in individual stocks or atfs across various markets and sectors you can always diversify your portfolio by investing in different Industries so now that your bamboo account has been funded so just follow the steps I'm about to show you to buy your first stock on the bamboo app so placing trades on the bamboo app is very easy and very simple
to start so on my app here you can see my dashboard my total world is calculated there you can see the US Stock over here then you can see my bamboo wallet in here you need to choose how to invest and follow it accordingly so click on invest here you can find some feature stocks that I have pained here so I'll click on the US Stocks here so you can see I purchased a Tesla stock here this is the only stock I have here so you can see your watch list you can click on see all to see all your watch list so the watch list is what I have
saved on the list so the app gives you a lot of flexibility to see a lot of things in here so we have the feature themes where they've already selected or categorize them for you you can see S&P 500 ETFs Bitcoin ETF and Real Estate Investment Trust and so many of them so if you want to buy a stock you can click on buy stocks and you see all the featur stock here and you can actually search for a particular stock that you're looking for so I usually invest in it companies like Shopify I'm a web developer so I believe in companies that
provide web development Solutions like Shopify so if I want to invest in Shopify I can click on Shopify here then I can purchase Shopify stock individually all I need to do is to click on the buy then I'll click on buy now so you can see the buy now means that I'm buying at the current price you can also buy with the limit order and stop order so the limit order is where you buy at a specific price that you want as low as you want and the stop order is when it is above the market price so you can see over here that we
also have buy every month so if you want to use the dollar cost average strategy you can choose the buy every month then you can invest every month with a particular amount now I'll just click on the buy now then I will select the stock that I want so I'm buying $5 stock from Shopify so you can see here that they said the market is closed but um I'll still click on review order so when I entered $5 you can see the number of shares I'm buying is 0 55115 that means that I'm able to buy a fractional amount of shares not
necessarily buying a full share I can buy a particular um fractional share and still make my profit anytime the company makes profit I also make my profit then I'll click on review order so when I clicked on review order they are saying I can't buy um $5 because the minimum order is $10 so let's say I want to pay $10 I'll click on review order so you can see here that I I have insufficient buying hour so what I'm going to do is I'm going to select my US dollar that is where I have money in so I'll select USD
then I will click on so you can see here the other type is Market buy and the number of shares I'm able to buy is 0.099 so I'll click on place order so I'm getting a popup here saying that the market is closed you are about to place a buy order when the market is closed your order will be executed as at market price once the market reopens on Monday 2:30 so today is Saturday 2:56 I won't be able to purchase this order until the markets get opened on Monday 2:30 p.m.
GMT so if I accept that I'll click on yes so we sending my order now it may take some few minutes so you can see my order has been placed successfully so there has been a deduction of $10 here so my bamboo wallet here is $10 so when I click on the US Stocks you can see that I have bought um Shopify here that's a pending order so the next thing I'm going to buy now is to buy ETF so I go to invest here then I'm going to buy S&P 500 ETFs so the S&P 500 ETF I'm going to use is the S&P 500 Vanguard you can see today the market has raising over 0.57
which is $2.6 and within a week you can see the market Rose at 1.58 in a month the market Rose at 4.59 within 3 months it Rose at 13 1 year 22.1 6 then within 5 years the market Rose at um 7 79.6 so if you also want to do um dollar cost average you can use the set recing purchases here then you click on yes then you set the amount that you want to pay so you click here then you select the billing date so how many which day of the month do you want to always purchase let's say I want to purchase on um first of every month then I'll click
on the source so over here you can see that I have a CD cash deposits then I will select the CD car deposit here to make payment so I'm not going to do that so over here I'm buying U S&P 500 ETF so I'll click on buy then I'll click on buy now then enter the amount that I want to purchase then I'll click on review order I have $10 in my USD wallet I'll click on USD wallet so this will not be executed till Monday so I'll click on place order and the same notification pops up here then I'll click on yes so you need to wait patiently for it to
execute the order so the order is placed successfully I'll go back so now you can see my USD wallet is empty I'll go to the US Stocks here so over here you can see I have two pending orders which are the S&P 500 and the Shopify ink so you see your account get updated immediately you'll get a popup notification telling you that that your order has been executed successfully when the Market opens so over time you need to continue placing orders to build your ideal portfolio bamboo provides real time updates on your portfolio performances
including your investment returns and overall assets allocations you need to use the dollar cost average as I showed you earlier and always take profit by selling your positions when they become overvalued so when you see that a a company has been overvalued and you've gotten a lot of profit so you can sell and reinvest when the companies goes down actively managing your portfolio is a key to maximizing returns over a long period of time and the bamboo app makes it so easy to do through its friendly user interface so I hope you found this
blog helpful as always you need to do your own resarch before investing in any company and never risk any amount that you can't afford to lose so the bamboo app is a great platform to start small focus on building Diversified portfolio use dollar cost average to steadily grow your Holdings over time so with the right strategy you can generate solid returns in the market so the bonus tip on how to make money on the bamboo app without investing in any stock is by referrals so if you go to your bamboo app we click on your profile name over
here you can see invite friend here you you're going to click on copy link and when you copy this link and you share it to your friends you're going to get 1% of their first fixed return lock over $100 and you can get 2.5 of their first trade above $20 so this is an easy way to make money by sharing your links to your friends to get free stocks I hope this blog helped you so if you enjoyed this blog make sure to smash the like button and subscribe for more blogs like this