GlaxoSmithKline (GSK) - All you need to know
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Ways to invest in Glaxo
The most straightforward way is to sign up with an online broker. Then you can buy shares outright, or invest in a fund that holds Glaxo stock to create a diverse portfolio straight away.
There are plenty of other ways to invest as well. Short term traders like to use CFDs, or contracts for difference, to speculate on price changes, or you can use long term investment vehicles like ISAs to protect your investments from tax over time.
What is Glaxo?
Glaxo (also known as GlaxoSmithKline, or GSK) is one of the largest pharmaceutical companies in the world. Based in the UK, the company produces medications to treat medical conditions ranging from malaria to migraines, as well as leukemia, gout, and mental health disorders.
Healthcare stocks tend to resist difficult economic conditions so they are a great addition to any portfolio. Learn more about how to create your portfolio in our course on long term investing.
How to invest in Glaxo
Below is a list of options available to you for buying Glaxo. Follow the links to our guides on each investing approach for more detailed information on each of these investing techniques.
- Stock brokers. The easiest and most affordable way to invest in Glaxo stock is through an online stock broker. You can usually execute trades with a broker in a matter of seconds, paying no more than a few pounds per trade. Many brokers offer research tools to give you more information on the stocks you want.
- Mutual funds and investment trusts. Funds and trusts are professionally managed portfolios. You contribute your money along with lots of other investors, and the manager pools it all together and picks the companies for you all to own stocks in. The main difference between them is that funds are open-ended, so there’s no limit to the number of people who can invest in it. Look for top-performing funds that hold GSK shares to get exposure while reducing your overall risk.
- Healthcare ETFs. An exchange-traded fund owns shares in every company on an index or exchange. ETFs trade like individual stocks and give you a diverse portfolio, making them a simple strategy for beginner investors. ETFs that track the London Stock Exchange or leading healthcare stocks will hold shares in Glaxo and can be a good way to get started.
- CFDs. A contract for difference is a way of speculating on price changes without owning shares individually. A buyer agrees to pay the seller the difference in an asset’s value between the current date and a fixed point in the future. A CFD also allows you to trade with leverage, which is when you borrow money from a broker in an effort to increase the size of your gains. But trading with leverage carries increased risk, and is not recommended for beginners.
- ISAs. An ISA (Individual Savings Account) is a tax-free savings account for UK residents that lets you allocate part of your income for investments. Within your ISA you can protect up to £20,000 per year from tax and make your investments from there. So you can hold Glaxo shares along with a range of other assets.
Where can I buy Glaxo shares now?
Latest Glaxo price analysis
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