Buy Pfizer Stock
Want to give stock market investing a go? Buying, selling, and trading shares of Pfizer could be a good entry point to start your journey as an investor. Before getting started it’s a good idea to learn more about key investment principles and terminology, that way you’ll be more fully prepared to invest in Pfizer shares and other stocks. We’ve produced this page, and plenty of other educational articles, to help you gear up to trade stocks successfully.
Ready to invest? Then just click the links below to get started. Need more time to study before making your first trade? Then keep reading.
Buy Pfizer stock, right now
The links below direct you to the best online brokers to use when buying shares of Pfizer, so you can get your hands on stocks quickly and hold them long-term for large potential future gains.
Trade Pfizer stock, right now
Trading shares is a shorter-term strategy than buying them. When trading, you’re trying to make money faster by trading more frequently, e.g. with day trading or swing trading. Simply follow the links below to go straight to the best platforms on which to trade Pfizer stocks.
How to buy Pfizer stock in 7 simple steps
If you’re looking to buy Pfizer stocks, these are the 7 steps you’ll want to follow:
- Get to know the company. Pfizer is one of the world’s largest pharmaceutical companies. Understanding how Pfizer grew its stable of successful pharmaceuticals and what it’s doing now to keep that growth going will give a better idea of what you’re getting into when buying shares of Pfizer. When buying shares to hold for a long time, you want to research the company in question to ensure you believe its share price will rise in the future.
- Learn the basics. Becoming a successful investor includes understanding key investment terms and principles – before spending any of your money you want to be sure you know what you’re doing and why. Our educational courses on investing and trading will walk you through the entire process.
- Decide if you want to be share-dealing or trading. Share-dealing is a buy-and-hold strategy by which you buy shares of a company and hold them for an extended period. The goal is to make large profits later on by benefitting from the company growing in value over time. When share-dealing you make money from selling at a higher price than your buy price or by collecting dividends, if the stock you own issues dividends. Trading shares is a shorter-term approach which involves more in-depth knowledge of how to read financial charts. When trading Pfizer stock, it’s good to spend some time familiarising yourself with these stock value charts, a practice known as technical analysis. When you’re opening and closing trades within a span of a few days or a couple of hours, technical analysis is far more relevant to your investing success than fundamental analysis relating to a company’s long-term growth forecast.
- Set a budget. When you start investing, begin with a smaller budget so you’re not risking too much of your money. We recommend starting off with something in the region of £1,000. Pfizer trades around $34 per share, so you can buy about 36 shares with that starting amount. As you gain experience and make more money, a bigger budget (£10,000-plus) will allow you to buy more shares or to explore other more advanced trading practices – as any trading-related transaction fees won’t add up to a significant amount of your budget.
- Choose a broker. Low transaction costs, an easy-to-use platform, and a strong reputation are great starting points when it comes to choosing an online broker. You’ll need a broker in order to buy or trade stocks; there are many options around, so make sure you pick the one that’s right for you.
- Check how the stock market is performing. Most stocks rise during a bull market, and most stocks fall during a bear market. Whether you’re going long (betting on a stock’s price to rise), or going short (betting on a stock’s price to fall), follow the broad market’s prevailing trend for your best shot at success.
- Make your first investment. You’ve researched Pfizer’s business and analysed its stock value. You’ve then set your investing budget, found a good online broker, and confirmed that the market is moving in the direction that fits your investment goals. Now simply log into your online brokerage account, type in Pfizer’s ticker symbol (PFE), check that the stock price looks OK, then buy.
Ways to invest in Pfizer
There are two predominant ways to buy and trade shares in companies such as Pfizer. Share-dealing and CFD trading.
The goal of share-dealing is to buy and hold shares long-term, aiming for bigger profits as a company’s stock trends upwards over time. It’s a longer-term investing method than trading shares, which is a higher-frequency approach meant to deliver quicker gains.
- Pros: Share-dealing can produce big gains if you can hold onto a winning stock and ride out the market’s fluctuations to see the stock gain value. Share-dealing gives you more time to dig into a company’s fundamentals and look for value, rather than obsessing over short-term stock charts.
- Cons: When you buy and hold a stock while share-dealing, you’re tying up your money in one investment, preventing you from allocating those funds elsewhere. This is known as opportunity cost, and it means you have to choose the stocks you buy wisely. Also, when share-dealing, If Pfizer’s stock starts falling sharply after you buy, you’ll have to make an uncomfortable choice about whether to ride it out or sell quickly and cut your losses.
A CFD (stands for contract for difference) is an investment derivative that lets you speculate on the price movement of an investment asset, be it forex, commodities, or shares of Pfizer. When CFD trading, you don’t actually own the underlying asset (e.g. Pfizer stock) but are able to make a profit by trading against whether you think the stock will rise or fall in value.
- Pros: CFD trading enables you to trade with leverage, which means you just need to put down a small percentage of the total trade value, with your CFD broker covering the rest of the trade. Trading with leverage produces a much bigger profit if your prediction on which way the stock will move proves to be correct.
- Cons: On the other side of the equation, CFD trading with leverage also increases the size of your loss when you’re wrong – so we don’t recommend that beginner investors trade with leverage. Meanwhile, CFD trading means you lose stock voting rights, as well as any dividends you might be due to be paid when share-dealing Pfizer stock. Additionally, if you leave a CFD position open more than a day you’ll have to pay overnight fees.
These are two of the strategies you can use when investing in or trading shares of Pfizer. Check out all of our online guides, news articles, and educational courses for more. If you’re ready to buy, sell, or trade shares of Pfizer, click the links above.
How to buy, sell, and trade Pfizer shares for beginners
Here are some basic concepts to know if you’re new to investing in the stock market but want to buy Pfizer shares:
When buying shares, online brokerage firms will enable you to sign up and start building a stock portfolio quickly and easily. When buying shares, you’re usually aiming to hold onto them for a longer period of time, in search of bigger gains and long-term value. Once you have made a brokerage account, simply log into your online brokerage account, punch in Pfizer’s ticker symbol, and buy.
When selling shares, your biggest profits will likely come after a long period of holding and watching the stock rise over time. You can also choose to sell more quickly for a smaller profit, such as when you’re swing trading or just trying to put money back in your pocket to invest in other stocks. You can also choose to sell when your stock starts to fall, in order to cut your losses and prevent a major setback. Selling shares is also done through your online brokerage account – just navigate to where your stocks are listed and click sell.
You can trade shares with either a conventional online broker, or a CFD broker. With a CFD broker you can trade faster, and also with leverage, as you’re not buying the underlying stock. Instead you’re taking a position as to which way you think the stock’s value will go over a short period of time. Note that CFD brokers also tend to charge higher transaction costs than regular online brokers, such as overnight fees for leaving trades open.
Our top tips for investing in shares of Pfizer
Here are some helpful investing tips to consider before investing in Pfizer stock:
- Know your budget. Don’t invest more than you can afford to lose – this is the most fundamental rule of investing. You should also work to manage the size of your potential losses, so that you can preserve your capital for future trades.
- Choose a strategy that works for you. You want to make sure you pick an investment strategy that fits your goals. Take only as much risk as you can financially or emotionally handle, and make sure you always have your sights set on where you want to get to. It is also a good idea to avoid overly complex investment strategies until you’ve gained more experience as an investor.
- Stick to an investing plan and don’t react to emotions. It’s imperative that you build and follow a sound investment plan so that you can make calm, calculated decisions instead of letting emotions cause you to panic. Emotions such as fear and greed can cause you to make rash decisions under extreme market conditions.
- When market conditions change, be ready to change course. If the stock market turns downwards and we start heading for a bear market, you should strongly consider lowering your exposure to stocks. When a bear market ends and a new uptrend begins, be ready to buy back in. Keep an analytical head on and react to market movements in a way so as to take advantage of the situation.
- Learn from your mistakes. Everyone from expert investors to beginners makes mistakes. Mistakes are OK, as long as you learn from them. Review your trades and analyse what went wrong. That way you can be better prepared to turn a profit next time.
What should I consider before buying, selling, or trading Pfizer stock?
Before you jump into buying Pfizer stock, make sure you bear all of the following things in mind:
- Budget size. If you have a smaller budget (around £1,000), a buy-and-hold strategy with an online broker allows you to save on transaction costs such as overnight fees, which matters more when you only have a small amount of money to work with. If you have a bigger budget (£10,000 or more), you can choose from a wider range of trading strategies and trading platforms, including using CFD platforms to place leveraged trades.
- Risk management. Using stop-loss orders is a great way to protect your investment, whether you’re a novice or an expert investor. Say you buy shares of Pfizer at $34 per share. In that case, you can put in a stop-loss order at $30.60, which caps the size of your loss at 10% by instructing your broker to sell your shares automatically if they dip to that price.
- Market conditions. When a bear market starts, moving into cash or buying defensive assets such as bonds and certain commodities is safer than buying growth stocks. If the market’s in an uptrend, that’s a better time to buy shares of companies like Pfizer as it is more likely that they will start to rise in value again.
- Know your investing goals. Day trading and swing trading are strategies that let you move faster, in search of faster gains. Buying and holding shares is a better approach if you’ve got the patience and steady hand to hold for bigger potential gains over time, as long as you can ride out the ups and downs of the market. Having a strategy is key to achieving your goals.
- Follow emerging trends. When investing, you want to keep up to speed with the news that affects any companies in which you hold stock. Pfizer has become a global powerhouse thanks to drugs such as Advil, Robitussin, and Viagra. Pfizer’s ability to keep bringing successful medications to market will play a big role in determining if that growth can continue.
What is Pfizer?
Pfizer is an American multinational pharmaceutical company, with 2019 revenue of $51.8 billion and operating income of $16.3 billion. For more information on Pfizer, including stock charts, live prices, and in-depth analysis, visit the company’s stock price page on our site.
Try some of our stock market courses for beginners
To learn more about stock market investing, check out all of our educational investing courses, right here on this site. That way you’ll be better prepared to buy, sell, and trade shares of Pfizer.